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Economy

Latest updates on the U.S. economy.

Microsoft to lay off about 3% of its workforce

Microsoft to lay off about 3% of its workforce

Microsoft announced a round of layoffs this week that will affect thousands of employees.

May 13, 2025 12:47pm EDT
April CPI inflation report: Egg prices decline for first time in months

April CPI inflation report: Egg prices decline for first time in months

Eggs got cheaper in the U.S. last month after setting records at the start of the year, according to April's CPI inflation report. Here's how some other grocery items fared.

May 13, 2025 9:22am EDT
Fed rate and tariffs: Why interest is unchanged again, and what it means for you

Fed rate and tariffs: Why interest is unchanged again, and what it means for you

Despite the Trump administration’s push for a rate cut, The Fed announced Wednesday it’s holding steady – and the president’s tariffs were a big deciding factor.

May 7, 2025 2:10pm EDT
Chosen 300 outreach program concerned about federal budget cuts affecting its food programs

Chosen 300 outreach program concerned about federal budget cuts affecting its food programs

Federal budget cuts are threatening food service programs like Chosen 300 which help feed the homeless and families who are struggling.

May 5, 2025 11:15pm EDT
Private sector added 62K jobs in April, well below expectations, ADP says

Private sector added 62K jobs in April, well below expectations, ADP says

Private sector job growth slowed sharply in April, with companies adding just 62,000 positions—well below expectations—as employers navigated economic uncertainty, according to ADP.

April 30, 2025 8:19pm EDT
Here's how many Americans now say inflation is their top financial worry

Here's how many Americans now say inflation is their top financial worry

Cost of living and affording basic needs combined with inflation were among the major concerns for Americans and their families based on findings from a recent poll.

April 30, 2025 5:15pm EDT
U.S. economy shrank in first quarter; first drop in three years

U.S. economy shrank in first quarter; first drop in three years

Economic growth in the first quarter was impacted in part by a rise in imports as U.S. companies attempted to bring in foreign goods amid the enforcement of tariffs.

April 30, 2025 3:00pm EDT
Is Amazon showing tariff costs? How Shein and Temu are handling Trump’s changes

Is Amazon showing tariff costs? How Shein and Temu are handling Trump’s changes

President Trump’s tariff and customs changes have begun affecting how many Americans shop online. Here’s what Amazon, Shein and Temu are saying amid rising operating costs.

April 30, 2025 10:18am EDT
How is the economy after Trump's first 100 days?

How is the economy after Trump's first 100 days?

As President Donald Trump marks his first 100 days in office, he highlighted economic growth and falling inflation, even as reports show a slowdown.

April 29, 2025 9:04pm EDT
Amazon tariff price report addressed by White House: ‘Hostile and political’

Amazon tariff price report addressed by White House: ‘Hostile and political’

The White House came after Amazon Tuesday morning over a report that the shopping giant will begin showing tariff costs in its prices.

April 29, 2025 5:16pm EDT
Trump reportedly ponders $5K baby bonus as US fertility rate remains near record low

Trump reportedly ponders $5K baby bonus as US fertility rate remains near record low

The Trump administration is reportedly looking at ways to incentivize having a baby to increase the U.S. birth rate, which remains near a record low according to newly-released CDC data.

April 23, 2025 1:36pm EDT
Trump says he won’t fire Fed chair, days after hinting otherwise and triggering market dip

Trump says he won’t fire Fed chair, days after hinting otherwise and triggering market dip

President Trump said Tuesday he does not plan to fire Federal Reserve Chair Jerome Powell, easing market fears after earlier threats to remove him triggered a selloff.

April 22, 2025 8:00pm EDT
Americans considering filing for bankruptcy hits highest level since pandemic

Americans considering filing for bankruptcy hits highest level since pandemic

Growing concerns about tariffs and debt were some of the reasons people looked into bankruptcy filings, a recent report shows.

April 18, 2025 11:47am EDT
Can Trump fire the fed chair? President lashes out at Powell for economic outlook

Can Trump fire the fed chair? President lashes out at Powell for economic outlook

President Trump has hinted that he wants to fire Federal Reserve Chair Jerome Powell for his economic outlook and refusal to lower interest rates. Can he do that?

April 17, 2025 1:15pm EDT
United Airlines calls economy ‘impossible to predict’ as Trump tariffs cloud business outlook

United Airlines calls economy ‘impossible to predict’ as Trump tariffs cloud business outlook

United Airlines said the economy is “impossible to predict” as Trump’s trade war adds confusion to business forecasts. Companies like Nvidia, AMD, and ASML also report disruptions.

April 16, 2025 5:08pm EDT
China’s economy grew 5.4% before US tariffs hit; slowdown likely, analysts warn

China’s economy grew 5.4% before US tariffs hit; slowdown likely, analysts warn

China’s economy posted 5.4% growth in the first quarter of 2025, fueled by strong exports ahead of steep new US tariffs. But economists warn a slowdown is likely as trade tensions escalate.

April 15, 2025 10:55pm EDT
Trump suggests he may pause 25% auto tariffs amid market concerns

Trump suggests he may pause 25% auto tariffs amid market concerns

President Trump says he may temporarily pause his 25% auto tariffs to give carmakers time to adjust supply chains, adding more uncertainty to global markets already shaken by his shifting trade policies.

April 14, 2025 3:34pm EDT
List: The cities most affected by inflation in 2025

List: The cities most affected by inflation in 2025

A recent study shows that some cities across the country are impacted more by inflation than others. Here's where your area ranks on the list.

April 11, 2025 5:05pm EDT
Inflation fell in March despite Trump tariffs: Here's why

Inflation fell in March despite Trump tariffs: Here's why

Inflation fell to its lowest numbers since September last month, despite President Trump’s back-and-forth on tariffs and uncertainty surrounding the economy.

April 10, 2025 2:24pm EDT
Delta pulls 2025 forecast, says growth has stalled in Trump's trade war

Delta pulls 2025 forecast, says growth has stalled in Trump's trade war

Uncertainty from President Trump’s global trade war has prompted Delta Airlines to pull its 2025 forecast.

April 9, 2025 10:32am EDT
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Latest News

Ocean City Council narrowly advances hotel plan for former Gillian’s Wonderland Pier

Ocean City Council narrowly advances hotel plan for former Gillian’s Wonderland Pier

Philadelphia gears up for World Cup: $770M economic boost expected

Philadelphia gears up for World Cup: $770M economic boost expected

SEPTA leases 10 train cars from Maryland to expand capacity on Regional Rail

SEPTA leases 10 train cars from Maryland to expand capacity on Regional Rail

$57K grant to preserve Moorestown's Revolutionary War-era house

$57K grant to preserve Moorestown's Revolutionary War-era house

Philadelphia school safety officer shot 11 times ‘grateful to be alive'

Philadelphia school safety officer shot 11 times ‘grateful to be alive'

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University City hit-and-run: pedestrian killed, driver charged with murder

University City hit-and-run: pedestrian killed, driver charged with murder

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

South Jersey mayor indicted on child endangerment, abuse charges

South Jersey mayor indicted on child endangerment, abuse charges

Norristown teen shot and killed while walking to store, police searching for suspects

Norristown teen shot and killed while walking to store, police searching for suspects

Philadelphia weather: Temps plunge as passing storm could bring snow flurries on Friday

Philadelphia weather: Temps plunge as passing storm could bring snow flurries on Friday

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