The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March. It was the first month-to-month drop in egg prices since October 2024.
Consumer prices in April were up 2.3% from a year ago, the smallest annual increase in more than four years. Grocery prices fell 0.4%, thanks to a large drop in the price of eggs.
Businesses are rushing to import Chinese goods after the U.S. struck a temporary deal. This "stop-go" nature of trade could still mean higher prices and doesn't ease uncertainty, an economist warns.
Leaders from both political parties have been working to bring back manufacturing. But American manufacturers say they are struggling to fill the manufacturing jobs we already have.
Importers are ready to get back to business after the U.S. cut tariffs on China, but uncertainty looms. And, media mogul Diddy's first day of trial held a slew of accusations.
U.S. levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
The U.S. and China ease the trade war with a significant cut to recently imposed tariffs. And, President Trump's trip to the Middle East is expected to involve a lot of commerce and cultural exchanges.
Chinese consumers have less and less confidence to splurge, which spells trouble for government efforts to jump-start consumer spending to offset deflation and mitigate the trade war with the U.S.
Trade negotiators from the U.S. and China are starting talks this weekend in Switzerland. These are the first high-level trade talks between the two countries since President Trump returned to the White House.
There's new tariffs on almost everything that is imported. Some of that increased cost is being eaten by exporters in other countries, but a lot of the higher prices are being picked up by Americans, who are seeing it in their receipts.
The Federal Reserve held interest rates steady amid uncertainty over President Trump's trade war. And, the Trump administration has plans to deport migrants without legal status to Libya.
An Environmental Protection Agency plan to eliminate its Energy Star offices would end a decades-old program that gave consumers a choice to buy environmentally friendly electronics and save money on bills, consumer and environmental groups said.
The immediate impact of the cargo decline affects virtually every business around the ports, but port officials say this downturn will soon be felt much more broadly.
