The U.S. economy shrank at a 0.3% annual rate in the first quarter of the year, the first decrease in national output since 2022. The decrease was due to a surge of imports, as people raced to buy ...

A Wednesday report from the Commerce Department showed that U.S. gross domestic product declined for the first time in three years. However, economists and market strategists had mixed reactions to ...

The University of Michigan’s index plunged to 47.6 in April—shattering the prior floor set during the 2022 inflation crisis.

President Trump’s escalating trade wars have shaken confidence in the economy among Americans across the political spectrum, according to survey results released Friday. The University of Michigan’s ...

For the economy, 2022 was a throwback year. And not in a good way. At times, it felt like the 1970s or early ‘80s. Inflation running rampant. The United States and its European allies engaged in a not ...

People wait for the bus on Park Street in the Frog Hollow neighborhood of Hartford. Credit: Yehyun Kim / ctmirror.org A family of four in the northeastern U.S. needed to earn close to $151,100 in 2022 ...

Sales of existing homes in March posted their biggest monthly decline in more than two years, after mounting economic uncertainty roiled the housing market at the start of the critical spring selling ...

NEW YORK (AP) — U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war pushes fuel prices higher worldwide. According to motor club AAA, the ...

Payment networks keep the global economy humming as digital spending climbs and cross-border commerce expands. Yet recent ...