Economy shows strong rebound with 3% growth in second quarter
America gross domestic product—the nation’s output of goods and services—rebounded after falling at a 0.5% clip from January through March, the Commerce Department reported Wednesday.
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Millionaires multiply, but most find it’s not all mansions and champagne
Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood.
Consumer confidence improves slightly, but Americans remain concerned about tariffs
Consumers’ fears of a recession during the next 12 months dipped in July but remain elevated and above last year’s levels.
US wholesale inflation remains in check, defying expectations
Wholesale prices in June saw their smallest year-over-year gain since September, the Labor Department reported Wednesday.
Inflation picked up in June as tariffs began to lift prices
The price increases in June were broad-based, affecting imports such as cosmetics, shoes and toys, as well as services like medical care, car insurance and education.
Stocks set new record to wrap up first half; here’s what drove markets
The U.S. stock market ended the first half of 2025 with back-to-back record highs, defying a rollicking few months of trade tensions and economic uncertainty that sent it deep into negative terrain in April.
Americans cut back on spending as inflation ticks higher
Consumer sentiment has also fallen sharply this year in the wake of the sometimes-chaotic rollout of President Donald Trump’s tariffs.
Economy shrank more than previously estimated in first quarter
Economists expect growth to bounce back to 3% in the second quarter, according to a survey of forecasters.
Consumer confidence index unexpectedly resumes slide
Americans’ view of the U.S. economy worsened this month. The regression surprised economists, who had expected a small uptick.
Consumer sentiment rises for first time this year as inflation remains tame
The large increase followed steady drops that left the preliminary number last month at the second-lowest level in the nearly 75-year history of the survey.
Dollar General posts record sales as bargain stores attract more business
Dollar General, which operates 20,000-plus stores, has more than 700 stores in Indiana.
Monthly inflation gauge cools, with little sign of tariff impact
The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.
In upgraded revision, U.S. economy fell 0.2% in first quarter
First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes.
Consumer confidence rebounds after 5 months of declines
The Conference Board said the rebound in confidence this month was broad-based across all ages and income groups.
Trump says he’ll delay threatened 50% tariff on European Union until July
In a social media post Friday, Trump had threatened to impose the 50% tariff on EU goods, complaining that the 27-member bloc had been “very difficult to deal with” on trade.
Tariffs, inflation, leery customers hitting retailers in different ways
Retailers are trying to navigate their way through economic uncertainty in 2025.
Mickey Kim: Mitch Daniels, still the epitome of servant leadership, foresees crisis
Says former Gov. Mitch Daniels: “If [tariffs are] the way of getting the attention of trading partners, … then I can understand it. All I can say is, if that’s the game, then it better work fast.”
Inflation rose slightly in April compared to March, but at a slower annual pace
More than half of the monthly increase in April was fueled by a 0.3 percent increase in shelter costs, the labor department said.
Hoosier business executives say to voice tariff concerns, find alternative trade pathways
Representatives from Eli Lilly, Cook Medical and other Hoosier businesses gave advice about tariffs during the Indiana District Export Council’s annual trade and business conference Thursday at Newfields.
U.S. Sen. Todd Young partners on bipartisan bill to jumpstart domestic shipbuilding industry
Young, R-Indiana, and fellow Sen. Mark Kelly, D-Arizona, reintroduced legislation to jumpstart the country’s “rusted” shipbuilding industry and increase onshore ship production that has largely shifted to China.