Economy

The San Francisco Federal Reserve warns that current tariffs are "unprecedented in magnitude" compared to 40 years of trade data, making economic predictions uncertain.

Consumer confidence plunged in November to lowest level since April as Americans cite inflation, tariffs, and uncertainty as weighing on sentiment, according to The Conference Board.

The housing affordability gap narrows as new home prices become competitive with existing properties, especially in South and West where inventory increased, a new report found.

Dick's Sporting Goods plans to close underperforming Foot Locker stores following its $2.4 billion acquisition to boost profitability and growth.

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher.

Target announced a $5 billion investment to expand with larger stores and revamp existing locations despite ongoing sales challenges and market pressures.

A new Bank of America Institute report shows 24% of U.S. households live paycheck to paycheck in 2025, up from last year as inflation continues to outpace wages.

American Airlines Flight 2118 was diverted to Houston, Texas, after the crew "reported fumes in the flight deck and cabin," according to the FAA.

Homeowner insurance premiums could surge 16% by 2027 as climate disasters drive rates higher, adding pressure to the housing affordability crisis.

Tyson Foods will close its Nebraska beef plant affecting 3,200 workers and scale back Texas operations as cattle shortages force major industry restructuring.

A pipeline leak disrupts jet fuel at Seattle airport during Thanksgiving week. Airlines prepare backup plans including extra fuel stops to avoid delays.