Breaking News: Economy

DOT nominee Duffy says electric vehicles should pay to use roadsSecretary of Transportation nominee Sean Duffy shakes hands with committee members before the start of his confirmation hearing in the Senate Commerce, Science, and…

A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes |…

Cattle photographed in New Zealand. Agriculture plays a major role in New Zealand's economy, especially when it comes to exports.David Clapp | Stone | Getty ImagesNew Zealand's prime minister told CNBC the country has to look beyond its…

Venita Cooper, founder of Silhouette Sneakers & Art in the Greenwood district of Tulsa, Oklahoma.Parnia Mazhar| NBC News.TULSA — Nestled among rows of colorful shoes lining the walls of Silhouette Sneakers & Art, a framed…

Amanda Edwards | Getty Images Entertainment | Getty ImagesIn Middletown, Ohio, a line of fans snaked around the Skateway's parking lot on Presidents Day. Traffic backed up on the main street out front. A pizza truck lumbered into the…

The march higher in U.K. government bond yields since the launch of the Labour government's debut budget plan in October sparked widespread concern last week, as borrowing costs rose to breach numerous decade highs.The prospect of public…

A man checks the label of a vitamin jar at a Costco Wholesale store in Colchester, Vermont, on April 3, 2024.Robert Nickelsberg | Getty ImagesSmall business confidence hit its lowest level in more than 11 years for March as proprietors…

In this aerial view taken from a helicopter, burned homes are seen during the Palisades fire in the Malibu area of Los Angeles county, California, on Jan. 9, 2025.Josh Edelson | Afp | Getty ImagesAirlines have extended travel waivers for…

Job growth was much stronger than expected in December, likely providing the Federal Reserve less incentive to cut interest rates this year.Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the…

The fight against inflation was going well for the Federal Reserve and economy for much of last year and into 2024, but one important demographic remained unconvinced about the progress being made in lowering pricing: small business…