U.S. Economy

With the use of artificial intelligence proliferating, cybercriminals are becoming more sophisticated and convincing when they target victims during tax season.

President Trump asserted during his address to Congress on Tuesday that he will be fighting the "inflation nightmare" affecting American families. Specifically targeting eggs and energy.

The heads of major retail companies are warning that their profits could be impacted by tariffs and that prices could rise, some as soon as this week.

Chipotle's top boss said that if tariffs go into effect, the company will absorb them. However, that could change if they become a "significant headwind."

Mortgage rates fell for a sixth week in a row to the lowest level in more than two months, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage is 6.76%.

Eli Lilly is doubling its U.S. manufacturing investment since 2020 as it seeks to produce more drugs domestically. Its latest investment is to the tune of $27 billion.

Forever 21 is expected to file for Chapter 11 bankruptcy for a second time as it faces relentless competition and a massive store footprint that has proven to be unsuccessful.

Economists predict that egg prices will surge more than 40% in 2025 as outbreaks of the highly pathogenic avian influenza continue to hinder the U.S. egg supply.

All Joann Fabrics and Crafts locations across the U.S. will close down over the next several weeks, according to Joann Inc., just one month after filing Chapter 11 bankruptcy.

Walmart and Costco have touted that they are appealing to a more affluent shopper. Walmart has steadily been growing its appeal to higher earners for years.

Mortgage rates fell for a fifth week in a row but remain elevated near 7%, Freddie Mac said on Thursday. The average rate on a 30-year fixed mortgage is 6.85%.

EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced “significant" macroeconomic challenges.

JPMorgan Chase is opening a new headquarters in New York City later this year. It will feature numerous perks as employees are mandated to return to the office.

The United States Court of Appeals for the Fifth Circuit recently blocked the airline junk fee rule that the DOT says would have saved consumers $500 million annually.

Cocoa production has been hammered in back-to-back crop years due to weather and crop conditions,. forcing many manufacturers to raise the costs of chocolates.

Joann, an Ohio-based crafts retailer, is trying to shutter more than half of its 800 locations nationwide as it restructures under the Chapter 11 bankruptcy process.

The producer price index for final demand rose 0.4% last month after an upwardly revised 0.5% gain in December, the Bureau of Labor Statistics said on Thursday.

JCPenney is shuttering a handful of locations throughout the country. The company cited "expiring lease agreements" and "market changes" for the reason behind the closures.

President Trump's comments come a day after Fed Chairman Jerome Powell said on Capitol Hill that the central bank doesn’t need to “hurry" to lower interest rates.

Bed Bath & Beyond is making a comeback to stores thanks to a $25 million investment deal with Kirkland's. Industry experts are still questioning whether the brand will survive.