Markets

Beef prices are surging as demand for the food continues to increase while supplies are dwindling, leading some industry leaders to sound the alarm bell.

Billionaire Ray Dalio warned the U.S. risks an economic heart attack within three years unless the federal budget deficit is reduced to 3% of GDP as deficits widen and the debt grows.

As Kansas City moves to reinstate bus fares for most riders over budget concerns, NYC mayoral candidate Zohran Mamdani is pushing for the Big Apple to make all bus fares "free."

The USDA announced that it will relocate much of its staff in the Washington, D.C., area to five regional hubs and vacate several buildings in the nation's capital.

Treasury Secretary Scott Bessent said U.S.-China trade has reached a "good place" with reduced tariffs, but said China's 30% share of global manufacturing is unsustainably imbalanced.

Illinois homeowners face a 27% rate hike from State Farm as the insurer cites unsustainable losses. The rate increase is expected to start on Aug. 15.

Record home prices and elevated mortgage rates keep first-time buyers out of the market, with sales declining in most regions as experts cite years of housing undersupply.

The average rate on the 30-year fixed mortgage fell this week to 6.74%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.75%.

Bankrupt pharmacy chain Rite Aid is planning to shutter 114 more locations across the country, including in states such as Pennsylvania, California and New York.

Judges overturned a lower court's dismissal, allowing Australian women to sue Qatar Airways and an airport operator over alleged strip searches.

Social Security's retirement trust fund is facing insolvency by late 2032, potentially triggering a 24% benefit cut for 62 million retirees if Congress doesn't act, an analysis found.