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University of Michigan consumer sentiment beats expectations at 57.3, a six-month high, but survey director warns the gains are concentrated among wealthy stock-owning households while most Americans remain pessimistic.
President Trump touts tariffs as an economic miracle, but data shows a record $153.3 billion trade deficit, rising consumer prices, and private hiring slowing to just 22,000 jobs in January.
The US-China trade war escalates to unprecedented scope as 25% tariffs now cover chips, cars, and medicine, with effective tariff rates on Chinese goods reaching 34.7% and the Penn Wharton Budget Model warning of 0.7% GDP reduction.
The Consumer Confidence Index crashed to 84.5 in January — its lowest reading since 2014 and below COVID-era depths — yet retail spending rose 10% and luxury purchases jumped 15%, creating an economic paradox that is baffling economists.
After absorbing 80% of tariff costs in 2025, US businesses are preparing to shift the burden to shoppers. The USDA forecasts food-at-home prices will rise 2.3% in 2026, but the real impact may not hit until mid-year.
PepsiCo plans to cut prices on Lay's, Doritos, and Cheetos while slashing its U.S. product lineup by 20% after Q4 results showed persistent volume declines in its core snack business.
Challenger reports 108,435 January layoffs, highest since 2009, while continuing jobless claims fall to 1.827M—lowest since September 2024. The contradictory labor market explained.
Despite three Fed rate cuts in 2025, the best high-yield savings accounts still offer up to 5% APY in February 2026. Here's how to lock in top rates before they decline further.
CVS and Walgreens are closing hundreds of stores annually, leaving 48 million Americans in pharmacy deserts where access to prescription medications requires significant travel.
US consumer spending recorded its steepest drop since 2022 as tariff uncertainty, elevated prices, and wage volatility combine to chill household purchasing across discretionary categories.
Americans on ACA marketplace plans face the largest premium increases in the program's history, with median proposed hikes of 18% and millions losing enhanced subsidies that kept costs manageable since 2021.
The Conference Board Consumer Confidence Index plunged 9.7 points in January to 84.5, the lowest reading since 2014, as consumers worry about job availability and economic uncertainty.