Economy
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U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%
Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.
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Consumer prices increased in November at annualized rate of 2.7%, lower than expected
The rate was lower than the projected 3.1% by Wall Street.
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US economy exceeds expectations by adding 64,000 jobs in November, according to government report
Bureau of Labor Statistics says the unemployment rate increased to 4.6%, however.
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Hassett blames EU internal divisions for stalled trade talks
Trump, for his part, sounded an optimistic tone on the prospect of a resolution to the trade dispute after delaying planned 50% tariffs on the bloc at the request of its leaders.
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Stocks slump after Trump raises tensions with EU tariff threats
Economists, businesses and some publicly traded companies have warned that tariffs could raise prices on a wide range of consumer products.
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Lutnick defends 10% baseline tariffs, say they aren't increasing prices
Inflation reached an annualized rate of 2.3% in April, below analyst expectations.
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Gas prices for Memorial Day weekend predicted to be cheapest in years
Technology company GasBuddy put out an analysis earlier this week that stated the national average price of gas will be $3.08 per gallon on May 26.
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Target reports drop in 1st quarter sales, attributes to tariffs, economy, backlash to DEI policies
Target's shares fell 3% before the opening bell Wednesday.
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Walmart vows to keep prices low as possible, as long as possible, amid tariffs, Trump's 'eat' barb
“We have always worked to keep our prices as low as possible and we won’t stop,” Walmart said.
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S&P economists say 90-day trade pact with China brings limited relief
S&P said the de-escalation "brings only temporary relief." It noted that if the world's two largest economies can't reach a broader, more permanent trade deal in the next three months, tariffs are likely to increase again, perhaps sharply.
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Walmart likely to increase prices over tariffs in coming weeks: CFO
Price increases will likely begin “towards the tail end of this month, and I certainly expect more in June,” Walmart Chief Financial Officer John David Rainey said.
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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.