Economy
Follow the latest Economy news, videos, and analysis from ABC News.
October 31, 2025 at 3:30 PM

What Amazon and Apple earnings reports say about the economy

Amazon beat earrings estimates, while Apple's latest iPhone led to record sales and profits.
October 31, 2025 at 3:30 PM
VIDEO: What Amazon and Apple earnings reports say about the economy
October 31, 2025 at 2:20 PM

Boom in Halloween spending

From movies like “Sinners” and “Black Phone 2” to elaborate decorations, the horror business is bigger than ever, and experts say there is a science behind American’s need for a jolt of terror.
October 31, 2025 at 2:20 PM
VIDEO: Boom in Halloween spending
October 30, 2025 at 4:19 PM

Average long-term US mortgage rate dips to 6.17%, its lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year
October 30, 2025 at 4:19 PM
FILE - A "For Sale" sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane, File)
October 30, 2025 at 1:03 PM

Fed cuts interest rates for 2nd time this year amid hiring slowdown

In recent months, inflation has picked up while hiring has slowed.
October 30, 2025 at 1:03 PM
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve, October 29, 2025 in Washington.
October 29, 2025 at 6:46 PM

Federal Reserve cuts interest rates by 0.25 percentage points amid slow job market

Business reporter Alexis Christoforous discusses the Fed’s second interest rate cut this year, aimed at encouraging hiring, and the impact of the government shutdown on the economy.
October 29, 2025 at 6:46 PM
VIDEO: Federal Reserve cuts interest rates by 0.25 percentage points amid slow job market
October 29, 2025 at 5:18 PM

GM lays off 1,700 workers at plants in Michigan and Ohio amid slower EV demand

General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles
October 29, 2025 at 5:18 PM
FILE - The General Motors logo is seen at its headquarters in Detroit on April 24, 2024. (AP Photo/Paul Sancya, File)
October 29, 2025 at 1:20 PM

Fed expected to cut interest rates

The Federal Reserve is expected to lower interest rates by a quarter point, a critical decision that could affect anyone with credit card debt or small-business loans.
October 29, 2025 at 1:20 PM
VIDEO: Fed expected to cut interest rates
October 28, 2025 at 6:40 PM

'Wake-up call’: Amazon layoffs highlight impact of AI, some experts say

Amazon said Tuesday it will lay off thousands of corporate workers, citing AI.
October 28, 2025 at 6:40 PM
A sign is seen outside of an Amazon Go store at the Amazon.com Inc. headquarters, May 20, 2021, in Seattle.
October 28, 2025 at 3:02 PM

What Amazon's cutting of 14,000 jobs means for the economy

ABC News' Alexis Christoforous reports on the workforce reduction as the online retail giant plans to ramp up its spending on AI.
October 28, 2025 at 3:02 PM
VIDEO: What Amazon's cutting of 14,000 jobs means for the economy
October 28, 2025 at 10:44 AM

Federal Reserve to cut key rate Wednesday, may signal another cut to follow

The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring
October 28, 2025 at 10:44 AM
Federal Reserve Board Chairman Jerome Powell walks to a meeting during the World Bank/IMF Annual Meetings at the International Monetary Fund (IMF) headquarters in Washington, Thursday, Oct. 16, 2025. (AP Photo/Jose Luis Magana)
October 25, 2025 at 8:59 PM

Social Security unveils cost-of-living adjustment for 2026. Here's what to know.

The cost-of-living adjustment will increase benefits by about $56 each month.
October 25, 2025 at 8:59 PM
Stock image of a social security card alongside US dollars.
October 25, 2025 at 3:10 PM

Trump's halt of US-Canada trade talks could impact these prices

Trump said he's ending trade negotiations with Canada after a negative TV ad.
October 25, 2025 at 3:10 PM
Donald Trump delivers an announcement, October 23, 2025 in Washington, DC.
October 25, 2025 at 3:01 PM

Inflation rises 3% over the past year

A new Consumer Price Index report shows inflation edging higher, with the biggest impact being felt at grocery stores and on pantry staples.
October 25, 2025 at 3:01 PM
VIDEO: Inflation rises 3% over the past year
October 25, 2025 at 1:56 AM

New inflation report shows prices are still rising

ABC News’ Alex Presha spoke with Martha Gimbel, executive director and co-founder of the Budget Lab at Yale, about what the new inflation report means and what could influence prices going forward.
October 25, 2025 at 1:56 AM
New inflation report shows prices are still rising
October 24, 2025 at 10:16 PM

Consumer prices rose 3% last month in new inflation report: Economist reacts

Economist Justin Wolfers weighs in on the broader implications as rising beef costs drive inflation and trade negotiations with Canada are suspended.
October 24, 2025 at 10:16 PM
VIDEO: Consumer prices rose 3% last month in new inflation report: Economist reacts
October 24, 2025 at 9:33 PM

Are we in an economic bubble ready to burst? Expert economist weighs in

KPMG Chief Economist Diane Swonk discusses Friday’s Wall Street rally, surprises in the latest inflation report and how a potential government shutdown could impact the finance sector.
October 24, 2025 at 9:33 PM
Are we in an economic bubble ready to burst? Expert economist weighs in
October 24, 2025 at 7:31 PM

Inflation climbs to highest level since January, beef prices soar

A recent uptick in prices has coincided with a sharp slowdown of hiring.
October 24, 2025 at 7:31 PM
Beef products on display in a grocery store, July 22, 2025 in Miami, Florida.
October 24, 2025 at 1:47 PM

Inflation climbs to highest level since January

A recent uptick in prices has coincided with a sharp slowdown of hiring. ABC News' Alexis Christoforos reports.
October 24, 2025 at 1:47 PM
VIDEO: Inflation climbs to highest level since January
October 24, 2025 at 10:29 AM

Could the government shutdown tip the US into a recession? Experts weigh in

The U.S. economy remains largely unscathed but pressure could mount.
October 24, 2025 at 10:29 AM
The Dome of the U.S. Capitol Building is visible on October 22, 2025 in Washington, DC.
October 24, 2025 at 1:19 AM

Target announces plan to eliminate 1,800 corporate jobs

Target, which has been struggling with sales in recent years, announced it is eliminating 1,800 roles or about 8% of the company’s global HQ team.
October 24, 2025 at 1:19 AM
FILE PHOTO: Shopping carts from a Target store are lined up in Encinitas, California May 22, 2013. Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing.
October 23, 2025 at 4:22 PM

Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell again this week, dropping to its lowest level in more than a year
October 23, 2025 at 4:22 PM
FILE - A "For Sale" sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane, File)
October 23, 2025 at 2:31 PM

US home sales accelerated in September to their fastest pace since February

Sales of previously occupied U.S. homes accelerated in September as declining mortgage rates and a pickup in available properties on the market encouraged home shoppers
October 23, 2025 at 2:31 PM
FILE - New construction homes and apartments are seen surrounding an older home on Friday, July 11, 2025, in Happy Valley, Ore. (AP Photo/Jenny Kane, File)
October 23, 2025 at 1:54 PM

Trump calls on American ranchers to get beef prices down

American ranchers are raising concerns over President Donald Trump's decision to import beef from Argentina while calling for the ranchers to lower their prices.
October 23, 2025 at 1:54 PM
VIDEO: Trump calls on American ranchers to get beef prices down
October 23, 2025 at 12:24 PM

Will turmoil for automakers impact car prices?

Carmakers face tariffs and challenges accessing crucial materials.
October 23, 2025 at 12:24 PM
The Ford logo is seen on top of the Ford's Chicago Assembly Plant in Chicago, Sept. 29, 2023.
October 22, 2025 at 4:56 PM

Rising cost of coffee

"GMA" examines how soaring coffee prices are impacting America's daily caffeine fix.
October 22, 2025 at 4:56 PM
VIDEO: Rising cost of coffee
October 22, 2025 at 3:37 PM

Coffee prices continue to rise: How to save at home or at local cafes

With coffee prices up more than 20% since last August, according to the Bureau of Labor Statistics, Americans are trying new ways to save.
October 22, 2025 at 3:37 PM
Stock photo of a cup of coffee and beans.
October 22, 2025 at 10:30 AM

Robots could replace 600,000 jobs at Amazon: Report

There are new concerns that Amazon, the second-largest private employer in the country, may be planning one of the biggest workplace transformations in modern history.
October 22, 2025 at 10:30 AM
There are new concerns that Amazon, the second-largest private employer in the country, may be planning one of the biggest workplace transformations in modern history.
October 17, 2025 at 4:23 PM

Thanksgiving food forecast: What to expect to pay this year

The American Farm Bureau Federation says economic factors and disease challenges have driven up wholesale turkey prices by 40% this year, but stores like Aldi are offering meal deals for Thanksgiving.
October 17, 2025 at 4:23 PM
Thanksgiving food forecast: What to expect to pay this year
October 16, 2025 at 2:49 PM

Consumer alert about home heating bills

Chief economics correspondent Rebecca Jarvis breaks down the numbers on what consumer heating bills could look like this winter.
October 16, 2025 at 2:49 PM
VIDEO: Consumer alert about home heating bills
October 16, 2025 at 12:20 AM

New car costs record $50,000 as experts say price between new, used cars is minimal

The average cost of a new car has hit a record high of more than $50,000, according to a Kelley Blue Book report, and experts say used cars prices aren't much better.
October 16, 2025 at 12:20 AM
VIDEO: New car costs record $50,000 as experts say price between new, used cars is minimal
October 15, 2025 at 4:42 PM

Government shutdown halts data, stokes risk as economy wobbles, experts warn

ABC News' Alexis Christoforous reports on how the shutdown is putting the reliability of key government metrics, like inflation, at risk.
October 15, 2025 at 4:42 PM
VIDEO: Government shutdown halts data, stokes risk as economy wobbles, experts warn
October 15, 2025 at 4:38 PM

Sticker shock! Average car price hits new high of $50K

Stephen Kates, a financial analyst at Bankrate, explains what the cost of an average car means for the economy.
October 15, 2025 at 4:38 PM
VIDEO: Sticker shock! Average car price hits new high of $50K
October 13, 2025 at 4:30 PM

How major retailers plan to hire holiday help

The holiday hiring outlook comes after Amazon's announcement for its plans, as well as those from Macy's, Kohl's, Target and more.
October 13, 2025 at 4:30 PM
VIDEO: How major retailers plan to hire holiday help
October 11, 2025 at 2:42 AM

Why soaring gold prices could be a warning sign for the economy

Gold prices have soared more than 50% this year.
October 11, 2025 at 2:42 AM
A one-ounce gold bar, a gold nugget, and gold coins are displayed at Witter Coins on Oct. 7, 2025, in San Francisco, Calif.
October 9, 2025 at 2:49 PM

How the government shutdown is already impacting the economy

ABC News' Alexis Christoforous discusses the biggest economic impacts from the government shutdown.
October 9, 2025 at 2:49 PM
VIDEO: How the government shutdown is already impacting the economy
October 8, 2025 at 2:45 PM

What’s behind surge in gold prices?

ABC News’ chief economic correspondent Rebecca Jarvis has the details behind the surge, trading at over $4,000 an ounce, and whether it’s a good time to get into the gold market.
October 8, 2025 at 2:45 PM
VIDEO: What’s behind surge in gold prices?
1 month ago

Americans expected to spend over $253 billion online for holiday shopping

Adobe Analytics released their holiday shopping forecast and shoppers are expected to spend over $5 billion a day during the 10 days surrounding Thanksgiving.
1 month ago
VIDEO: Americans expected to spend over $253 billion online for holiday shopping
1 month ago

Concern for gas prices after California oil refinery fire

An investigation is underway into the massive explosion and fire at the largest oil producing facility on the West Coast.
1 month ago
Concern for gas prices after California oil refinery fire
1 month ago

Blue collar worker shortage 'a crisis': Auto CEO

After months of feuding with Harvard, the Trump administration now says it's close to reaching a deal with the University that could end up addressing the nation's shortage of blue-collar workers.
1 month ago
After months of feuding with Harvard, the Trump administration now says it's close to reaching a deal with the University that could end up addressing the nation's shortage of blue-collar workers.
1 month ago

Government shutdown delays monthly jobs report

ABC News' Alexis Christoforous reports on the impact the shutdown could have on Federal Reserve decisions and the overall economy.
1 month ago
VIDEO: Government shutdown delays monthly jobs report
1 month ago

President of federal employee union responds to White House threats of mass layoffs

Yolanda Jacobs, AFGE Local 2883 President and a health communications specialist at the CDC, responds to the White House’s threat of federal layoffs amid the ongoing government shutdown.
1 month ago
VIDEO: President of federal employee union responds to White House threats of mass layoffs
1 month ago

Government shutdown halts economic data, forcing Fed to 'fly blind,' experts say

The shutdown could prevent the release of a jobs report on Friday.
1 month ago
The Federal Reserve Building is the headquarters of the Federal Reserve System and 12 Federal Reserve Banks, in Washington, D.C.
1 month ago

How will the government shutdown impact the economy?

Mark Hamrick, the senior economic analyst and Washington bureau chief for Bankrate, explores how the government shutdown is adding an extra layer of uncertainty to the economy.
1 month ago
VIDEO: How will the government shutdown impact the economy?
1 month ago

How a government shutdown could impact the economy

ABC News' Alexis Christoforous discusses the potential economic impact from a looming government shutdown.
1 month ago
VIDEO: How a government shutdown could impact the economy
1 month ago

Walmart CEO warns AI will reshape workforce

Walmart's chief executive says artificial intelligence is poised to transform the company's workforce and ultimately change nearly every job around the world.
1 month ago
VIDEO: Walmart CEO warns AI will reshape workforce
1 month ago

Soybean farmers caught in looming crisis as US trade war with China cripples sales

Soybean farmers say they've been dealing with huge surpluses and lower sales after China halted their purchases due to Trump's trade policies.
1 month ago
Farmer Scott Thomsen, pictured here with ABC’s Matt Rivers, is preparing for the fall soybean harvest in eastern Nebraska.
1 month ago

US economy grew 3.8% in 2nd quarter, far exceeding previous estimate

Consumer spending climbed, boosting growth, government data showed.
1 month ago
A shopper shops at a retail store in Arlington Heights, Ill., Sept. 23, 2025.
1 month ago

Fed Chair Powell says rising inflation and slow hiring pose 'challenging situation'

The remarks came less than a week after the Fed cut interest rates.
1 month ago
The remarks came less than a week after the Fed cut interest rates.
1 month ago

‘Fed independence is critically important,’ says Chicago Fed president

Chicago Federal Reserve Bank President Austan Goolsbee joined ABC News Live to discuss interest rate cuts, the state of the U.S. economy and the impact of President Donald Trump's tariffs.
1 month ago
VIDEO: ‘Fed independence is critically important,’ says Chicago Fed president
1 month ago

Fed Chair Powell says rising inflation and slow hiring pose 'challenging situation'

The remarks came less than a week after the Fed cut interest rates.
1 month ago
Federal Reserve Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, Sept. 17, 2025, at the Federal Reserve Board Building in Washington, D.C.