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‘Eat now, pay later'? DoorDash-Klarna deal fuels concerns over loans for takeout
DoorDash and Klarna are joining forces to let users pay for meal deliveries with installment loans.
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Consumer confidence in where the economy is headed hits 12-year low
Consumer confidence dimmed further in March as the view of future conditions fell to the lowest level in more than a decade.
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‘State of flux': Local business concerned over proposed wine tariffs
The owners of Cork Wine Bar and Market shared their concerns with News4’s Walter Morris about the impacts of proposed wine tariffs.
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DC restaurants fear closing due to higher costs, according to survey
A survey by the Restaurant Association of Metropolitan Washington says D.C. restaurants are declining at a rate faster than those in the suburbs. Forty percent of those surveyed expressed concern they might have to close in 2025. Seventy-three restaurants closed in the District last year, according to the Restaurant Association of Metropolitan Washington, a record high and nearly double the…
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DC restaurants fear closing due to higher costs
After a record high number of restaurants in D.C. closed last year, a survey revealed that 40% of restaurants in the District are worried they will close before the end of the year. News4’s Jackie Bensen reports.
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Federal Reserve holds interest rates steady: What that means for mortgages, credit cards and more
The Fed is staying on the sidelines, for now, but some consumer loan rates are changing.
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US-Canada trade war could signal a shift in economic ties, experts say
The U.S.-Canada trade war could shift economic ties as tariffs rise and tensions grow, raising concerns about future trade stability, experts say.
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U.S. stock market loses $5 trillion in value in three weeks
The S&P 500 has fallen more than 10% from its record high, entering a correction and shedding trillions of dollars in market value.
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Egg prices hit records as Easter and Passover approach, but relief may be near
Egg prices again reached a record high in February, as the bird flu continues to run rampant and Easter and Passover approach. But there may be light at the end of the tunnel.
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Canada backs down from 25% electricity surcharge after Trump threats
Ontario Premier Doug Ford said he had agreed to suspend a 25% surcharge on electricity imports into the U.S. after conversing with U.S. Commerce Secretary Howard Lutnick in the wake of President Donald Trump’s threats to hike steel and aluminum tariffs on the nation to 50%. In a statement issued with Lutnick and posted on X, Ford said he and...
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Trump loves Gilded Age tariffs, a great time for the rich but not for the many
In President Donald Trump’s idealized framing, the country thrived in the 1890s, when tariffs were high, but historians say there were other factors.
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Trump and his allies hint at economic pain ahead for Americans
While top officials have framed any economic disruption as short term and necessary for long-term prosperity, the comments go against Trump’s campaign rhetoric.
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Toys expected to cost more by fall due to new US tariffs on Chinese imports
Nearly 80% of the toys sold in the U.S. are sourced from China, according to The Toy Association.
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US consumers cut spending drastically in January for four-year record
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress.
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Some people online are planning an ‘economic blackout' Friday. What does that mean?
An effort to encourage U.S. consumers to participate in a day of protest by not spending money Friday has picked up momentum online, with thousands of people across social media saying they plan to take part in the “economic blackout.”
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Egg shortage forces DC bakery to raise prices
A national egg shortage has many cracking under rising costs. “We keep our fingers crossed, and we hope that the prices of the eggs do come down,” said Scott Auslander, the general manager of Bread Furst on Connecticut Avenue in Northwest D.C. For Bread Furst, eggs are their bread and butter. Eggs go into everything, and the bakery is...
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Egg shortage forces DC bakery to raise costs
Bread Furst in Northwest D.C. is one small business feeling the impact of a national egg shortage. News4’s Walter Morris reports.
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February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
The board’s Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.
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Joann to shutter all 800 fabric stores after failing to find a buyer to save its locations
Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open.
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Here's why Trump tariffs may raise your car insurance premiums
If they take effect, tariffs are expected to raise costs for auto insurers to repair or replace cars, meaning motorists pay higher premiums.