Oil prices sink, stocks soar after Trump announces deal with Iran
Markets rally on expectations that the agreement will ease global energy supply concerns, though analysts warn gas prices may remain elevated for some time.
FDA authorizes emergency use of drug to fight screwworms in pets
Nitenpyram is the first generic animal drug authorized to treat screwworms in dogs and cats, according to federal regulators.
Elon Musk becomes the world's first trillionaire with SpaceX's IPO
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
Wholesale prices see biggest spike since 2022 as energy costs climb
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
America's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Here's the retirement challenge nobody talks about
Many Americans spend decades saving for retirement, but lack a plan for using that money once they stop working, a new survey finds. Here's what to know.
Social Security's insolvency date is projected for end of 2032
Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, which could lead to higher health care costs for Americans over 65.
Nearly half of Americans say they're worse off financially than a year ago
New York Fed survey shows growing concern about household finances and the job market, even as the job market remains solid.
The job market is much stronger than economists expected. Why?
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.
Second Facebook privacy settlement payment is coming soon
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
The U.S. is minting more millionaires than ever. Here's why.
A stock market boom is elevating more Americans into the ranks of the nation's millionaires, a new study finds.
Barry Diller's People Inc. offers to buy MGM Resorts
Diller said that MGM's properties, such as the Bellagio in Las Vegas, can't be easily replaced by AI.
Americans' financial literacy slumps to a 10-year low
A TIAA-Stanford University survey found that fewer people can correctly answer questions involving basic financial concepts. See how you fare.
5 economic signals suggest U.S. consumers are feeling the strain
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.