Economy
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Microsoft lays off 6,000 employees
The tech company has 228,000 workers globally, about 126,000 of which are in the U.S.
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Annual inflation rate was 2.3 percent in April, federal government
The annualized and month-to-month increases were in line with analysts' forecasts, according to CNBC.
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New car prices higher in April following tariffs
The average price consumers paid for new cars rose 2.5% from March to April, which is more than double the typical 1.1% increase over those two months in recent years.
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Consumer confidence low in April, latest index shows
The university's Consumer Sentiment Index on Friday came in at 52.2 for April.
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China exempts a few semiconductors made in US from tariffs
President Donald Trump said the U.S. is having discussions with China about a tariff deal. Bejing has denied these claims.
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Once a tariff critic, economist Steve Moore now backs Trump's policy: 'Buy America, sell China'
"We need to start a movement of Buy America, sell China," Moore said. "This is something every one of us as individuals can do to change the direction of what's going on in our country."
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Home sales post 5.9% drop ahead of spring selling season
Sales decreased in all four major U.S. regions.
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Treasury Secretary Bessent says opportunity for 'big deal' with China, amid trade-tariff talks
Bessent said that Bejing's economic market isn't stable, and both countries need a strategy to benefit both nations.
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Trump says China tariffs will decrease 'substantially'
The statement from Trump potentially signals a shift in the ongoing trade war with China.
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Pharmaceuticals company from Switzerland to invest $50 billion in US over next 5 years
The new manufacturing facilities will be in Indiana, California, Pennsylvania and Massachusetts.
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Dow Jones closes with a 971-point loss amid Trump, Powell conflict
The Dow closed the day with a 2.48% drop, while the S&P 500 and the Nasdaq Composite closed with 2.36% and 2.55% losses respectively.
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Dow Jones drops 1,000 points in early trading amid Trump's tariffs and criticism of Fed Chair Powell
The Nasdaq composite also sank to 2.9%.
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Everyday Economics: This week's housing headlines likely will be misleading. Here's Why.
New reality is modest price adjustments coexist with steady sales growth and localized strength.