Economy

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Trump to head to Beijing for Xi summit amid AI chip and trade talks

President Donald Trump is set to travel to China this week for a summit with…

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Saudi Aramco CEO warns oil markets may not normalize until 2027

The CEO of Saudi Arabia's state-owned oil company is warning that the energy sector will…

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Bank of America report: gas prices squeeze lower-income household budgets

American household budgets are under pressure from higher gas prices and new data shows that…

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Nike sued over alleged failure to refund tariff costs to consumers

Nike is facing a new class action lawsuit accusing the company of failing to refund…

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Bay Area luxury home prices surge 13% since AI boom, Redfin finds

The artificial intelligence (AI) boom has caused a surge in luxury real estate prices in…

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April 2026 jobs report: US economy added jobs at a steady

This story about the April 2026 jobs report is developing and will be updated with…

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New York Fed finds surging gas prices hit low-income households hardest

A new report by the Federal Reserve Bank of New York finds that the recent…

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Birmingham and Tampa top ADP’s best cities list for college grads

The slowing labor market is posing a challenge to recent college graduates looking to begin…

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Tesla recalls over 218,000 vehicles over delayed rearview camera images

Tesla is recalling more than 218,000 vehicles because of ‌delayed rearview camera images that could…

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Private sector adds 109,000 jobs in April: ADP

Companies in the private sector added 109,000 jobs in April, payroll processing firm ADP said…

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