Economy

Retail Giants Post Higher Sales but Consumers Show Signs of Strain

Economy The Epoch Times -
Both Target and Walmart reported strong quarterly results but offered a cloudy outlook. Retail giants Target and Walmart reported higher sales for the fiscal first...

US Announces Loan of 53 Million Barrels of Oil From Strategic Petroleum Reserve

Economy The Epoch Times -
The U.S. government will loan 53 million barrels of oil from the SPR to petroleum companies in bid to relieve elevated gas and oil prices amid Iran conflict.
MAGA Business MAGA Business

Gas Prices Lift US Inflation to 3.8 Percent, the Highest Level in Nearly 3 Years

Economy The Epoch Times -
Consumer prices accelerated for the second straight month in April as the war in Iran added to renewed inflationary pressures.

US Economy Rebounds With 2 Percent Growth in 1st Quarter

Economy The Epoch Times -
The U.S. economy registered a solid rebound in the first quarter after a disappointing end to 2025, new government data shows.

IMF Cuts Growth Outlook, Warns Iran War Could Push Global Economy to Brink

Economy The Epoch Times -
IMF cuts growth outlook, warning the global economy could near recession if the Iran war worsens, disrupting energy, inflation, markets.

US Annual Inflation Shoots Up to 3.3 Percent, Highest Level Since May 2024

Economy The Epoch Times -
A spike in energy prices sent the annual U.S. inflation rate to its highest level since May 2024, according to the Bureau of Labor Statistics.

Iran War Could Bring ‘Skunk’ to America’s Economic Party: Jamie Dimon

Economy The Epoch Times -
The war in Iran could bring a “skunk” to America’s economic party this year, JPMorgan Chase CEO Jamie Dimon said in his annual letter to shareholders, released on April 6.

US Economy Adds 178,000 New Jobs in March

Economy The Epoch Times -
The US economy added 178,000 new jobs in March and the unemployment rate dipped to 4.3 percent to cap off a volatile first quarter.
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