U.S. Economy

UBS portfolio manager Jason Katz says investors should look beyond AI stocks, pointing to consumer discretionary as a potential area of opportunity.

Costco topped third-quarter sales expectations as its gas stations hit record volumes amid surging fuel prices and growing consumer price sensitivity.

Not only are we not going into a recession — the economy is booming.

New York City Mayor Zohran Mamdani’s $22 billion housing proposal is drawing criticism from a business leader and a Republican lawmaker who warn parts of the plan could discourage developers and investors from building in the city.

Kevin Hassett expects inflation to fall by year's end as energy prices decline, pointing to strong economic momentum and falling Treasury yields.

Fed minutes reveal policymakers worried about energy prices and tariffs driving inflation higher when they held interest rates steady in April.

Malls are redesigning spaces with social media-friendly features and experiences like rock climbing to attract Gen Z shoppers and their spending.

Sen. Josh Hawley, R-Mo., is introducing a bill to temporarily pause the federal gas tax, his office told Fox News on Monday.

Rising gas prices push lower-income consumers to rely more on credit as fuel costs climb to their highest share of household income since March 2022

Rising gas prices amid the Iran war are hitting low-income households hardest, creating a K-shaped consumption pattern, a New York Fed report finds.

The White House predicts 4% economic growth as companies race to build factories fueled by AI investment and bonus depreciation tax policies.

The AAA national average price for regular gas has surged to $4.536 amid ongoing tensions between the U.S. and the Islamic Republic of Iran.

Chevron CEO Mike Wirth warns global oil shortages are coming as the Strait of Hormuz closure disrupts supply chains, with gas prices up over 41%.

U.S. restaurant chains report weaker than expected sales growth as high gas prices squeeze consumer budgets and force a shift toward value menu offerings.

Gas prices hit a record $4.45 national average entering the summer driving season, up $1.28 from last year as fuel costs pressure household budgets.

The AAA national average price for regular gas jumped more than nine cents higher in just a single day, rising from $4.30 as of Thursday to $4.392 as of Friday.

Gas prices nearing $9 a gallon in Los Angeles are forcing the city's drivers onto public transit, draining budgets while California fuel costs hit record levels.

President Donald Trump signed an executive order seeking to help expand retirement account access to people who do not have employer-supplied plans.

Rising fuel costs and tariff refund policies are pressuring U.S. shrimpers, with some delaying trips as profitability declines.

The AAA national average price for regular gas has risen to a whopping $4.229, the highest point so far amid the still unresolved war between the U.S. and Iran.