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Economy

Latest updates on the U.S. economy.

Proposal to eliminate Florida property taxes, sparks concerns over funding and sales tax hike

Proposal to eliminate Florida property taxes, sparks concerns over funding and sales tax hike

Florida Gov. Ron DeSantis endorsed the idea of abolishing property taxes throughout the Sunshine State, but such a move could require doubling sales tax, impacting everyday Floridians.

February 24, 2025 11:00pm EST
Elon Musk email to federal employees targeted in lawsuit

Elon Musk email to federal employees targeted in lawsuit

Here's the latest on the email fiasco that developed over the weekend involving Elon Musk and hundreds of thousands of federal employees.

February 24, 2025 10:54pm EST
Trump to reinstate tariffs on Canada and Mexico, sparking economic concerns

Trump to reinstate tariffs on Canada and Mexico, sparking economic concerns

President Donald Trump announced that tariffs on Canadian and Mexican imports will take effect next month, ending a suspension that had delayed their implementation.

February 24, 2025 5:16pm EST
Apple unveils historic $500B investment in US manufacturing, innovation: 'Bullish on the future'

Apple unveils historic $500B investment in US manufacturing, innovation: 'Bullish on the future'

Apple's announcement comes after President Donald Trump said he met with the company's CEO Tim Cook.

February 24, 2025 12:26pm EST
Fired federal employees search for work but struggle to replace their old jobs

Fired federal employees search for work but struggle to replace their old jobs

President Donald Trump and Elon Musk have presided over thousands of federal job cuts impacting most of the nation. Now, former government workers are looking for new jobs.

February 24, 2025 12:01pm EST
Starbucks laying off more than 1,000 corporate employees

Starbucks laying off more than 1,000 corporate employees

The move comes as dozens of other private companies have announced layoffs so far in 2025, in addition to thousands of positions being affected within the federal government.

February 24, 2025 9:54am EST
Border Patrol sees uptick in egg smuggling on southern border amid skyrocketing prices

Border Patrol sees uptick in egg smuggling on southern border amid skyrocketing prices

The bird flu has caused the price of eggs to skyrocket.

February 22, 2025 10:24am EST
Hooters to file for bankruptcy soon: Report

Hooters to file for bankruptcy soon: Report

After shuttering dozens of restaurants last year, Hooters will soon file for bankruptcy, according to a new report.

February 21, 2025 5:45pm EST
Black first-time homebuyers see strongest rebound despite affordability challenges, Zillow says

Black first-time homebuyers see strongest rebound despite affordability challenges, Zillow says

A new Zillow report shows Black first-time homebuyers are rebounding despite affordability barriers. Here's where the best markets are and why remote work is helping.

February 20, 2025 10:19pm EST
Real estate vs. stock market: Where Americans prefer to invest

Real estate vs. stock market: Where Americans prefer to invest

A new survey reveals whether Americans prefer the stock market or real estate for long-term investments, and why younger investors remain hesitant about cryptocurrency.

February 20, 2025 7:23pm EST
Mortgage rates fall for fifth straight week: What it means for homebuyers

Mortgage rates fall for fifth straight week: What it means for homebuyers

The average 30-year mortgage rate has dropped for the fifth consecutive week, hitting an eight-week low. Here’s what it means for prospective homebuyers.

February 20, 2025 5:16pm EST
Here's what moms are spending on their babies' first year

Here's what moms are spending on their babies' first year

The eyepopping costs of a baby's first year are leading to more parents having fewer children - or putting off having kids at all.

February 20, 2025 4:15pm EST
Egg prices got you scrambling? Here's how much it costs to rent backyard chickens

Egg prices got you scrambling? Here's how much it costs to rent backyard chickens

As customers face empty shelves and rapidly rising egg prices at the supermarket due to the avian flu and a lower national supply, breakfast lovers have another option - their own backyard. 

February 17, 2025 9:49am EST
New agriculture secretary working on plan to control bird flu, egg prices

New agriculture secretary working on plan to control bird flu, egg prices

National Economic Council Director Kevin Hassett said the plan being worked on is to "have better ways with biosecurity and medication and so on, to make sure that the perimeter doesn't have to kill the chickens."

February 17, 2025 6:32am EST
CPI inflation report: Egg, gas and other prices that jumped in January

CPI inflation report: Egg, gas and other prices that jumped in January

Americans are continuing to pay more for groceries, gas and the like. Here’s what prices jumped the most in the last month.

February 12, 2025 11:05am EST
US economy added 143,000 jobs in January, below expectations

US economy added 143,000 jobs in January, below expectations

The U.S. economy added jobs at a slower pace than expected in January, as the Federal Reserve remains in a holding pattern for interest rate cuts as it evaluates the labor market and inflation data.

February 7, 2025 9:46am EST
Fewer Americans quitting their jobs—here’s why

Fewer Americans quitting their jobs—here’s why

U.S. workers are quitting their jobs at the lowest rate in years as job openings decline and hiring slows, signaling the end of the Great Resignation.

February 6, 2025 8:15pm EST
This Midwestern state nearly topped Florida as best for retirees: See the list

This Midwestern state nearly topped Florida as best for retirees: See the list

WalletHub’s 2025 rankings placed Florida as the top retirement destination. Here’s a look at where other states ranked.

February 5, 2025 7:18pm EST
Pleasanton-based Workday announces it will cut 1,750 jobs

Pleasanton-based Workday announces it will cut 1,750 jobs

Workday, the payroll and HR company based in Pleasanton, announced on Wednesday that it is cutting 8.5 percent of its workforce as it invests more in AI. 

February 5, 2025 9:13am EST
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%

Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%

Trump's campaign pledged to cap credit card interest rates at 10%.

February 4, 2025 7:57pm EST
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Investigation details released in 10-minute flight, crash killing NASCAR's Greg Biffle and 6 more

Investigation details released in 10-minute flight, crash killing NASCAR's Greg Biffle and 6 more

Luke Air Force Base lockdown lifted after reports of active shooter incident

Luke Air Force Base lockdown lifted

Trump gives fed workers off on Christmas Eve, December 26

Trump gives fed workers off on Christmas Eve, December 26

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

The 'Patriot Games': What we know about Trump's proposed high school athletic competition

Trump signs executive order to reclassify marijuana as less dangerous drug

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Sanford police officer arrested on 80 felony charges in alleged off-duty detail fraud

Sanford police officer arrested on 80 felony charges in alleged off-duty detail fraud

Anna Kepner: Custody hearing sheds light on family tensions after teen’s cruise ship death

Anna Kepner: Custody hearing sheds light on family tensions after teen’s cruise ship death

Who is Debra Newton? Florida mom arrested for kidnapping daughter 40 years later

Who is Debra Newton? Florida mom arrested for kidnapping daughter 40 years later

ICE detainer issued for Cuba citizen suspected of stealing 4 Osteen horses; 2 horses recovered

ICE detainer issued for Cuba citizen suspected of stealing 4 Osteen horses; 2 horses recovered

Ex-Sanford officer, Ronny Neal, linked to over $12K payout in alleged fraud scheme: court documents

Ex-Sanford officer, Ronny Neal, linked to over $12K payout in alleged fraud scheme: court documents

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