Trump calls on ‘Too Late’ Powell to lower interest rates after dismal ADP jobs report
President Donald Trump on Wednesday called on Federal Reserve Chairman Jerome Powell to lower interest rates after ADP reported weak...
Trump spending bill to cut taxes by $3.7T, add $2.4T to deficit, CBO says
President Donald Trump's "big, beautiful bill" would cut taxes by $3.7 trillion while raising deficits by $2.4 trillion over a...
Amazon to invest $10B in North Carolina for AI data centers
Amazon is investing $10 billion to create data centers in North Carolina aimed at expanding its artificial intelligence and cloud...
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Over 300 economists urge Trump, GOP leaders to extend tax cuts before massive tax hike hits Americans
A group of more than 300 economists on Thursday sent a letter...
ECB cuts rates as bets build on a summer pause
The European Central Bank (ECB) cut interest rates as expected on Thursday...
Mortgage rates drop for first time in weeks, still hover near 7%
Mortgage rates declined for the first time in weeks, though they are still hovering near 7%, mortgage buyer Freddie Mac...
US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Layoffs of U.S. workers were nearly 50% higher in May than they were a year ago, with reductions attributed to...
US consumer sentiment drops to near record low in May on inflation worries, tariff uncertainty
U.S. consumer sentiment continued to decline in May as Americans' expectations about future inflation rose and concerns persisted about the...
Moody’s downgrades US credit rating over rising debt
Moody's Ratings on Friday announced that it downgraded the U.S. credit rating by one notch due to persistent fiscal deficits...
Treasury Secretary Bessent dismisses Moody’s US credit downgrade as ‘lagging indicator’
Treasury Secretary Scott Bessent downplayed the impact of Moody's downgrading the U.S. government's credit rating in an interview on Sunday. Moody's...
Student loan delinquencies tank credit scores for millions of borrowers: How to recover
A 100-point drop in a credit score can be "absolutely catastrophic." It can also take years to recover from, according...
CA commission urges Trump administration to take action to protect avocado orchards
The California Avocado Commission (CAC) is urging the Trump administration to take actions to help protect the Golden State’s avocado...
Moody’s downgraded US credit rating: What does that mean?
Moody's Ratings on Friday announced a downgrade of the U.S. government's credit rating, moving it down a notch from the...
Trump admin drops Biden-era Southwest Airlines lawsuit over delays
The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays. In March, Reuters reported that...
Dimon slams mortgage regulations for pushing rates higher, hurting lower-income homebuyers
JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that are raising costs for borrowers...
Larger tax-cut proposal not enough to offset drag on growth from tariffs: Goldman Sachs
A new report by Goldman Sachs finds that while House Republicans' tax cut package that's moving through the reconciliation process cuts...
Buy now, pay later pitfalls: Many consumers aren’t paying loans
Consumers are failing to make payments on their short-term loans. While Klarna, a significant player in the buy now, pay...
Homebuyers see silver lining in a potential recession, viewing it as buying opportunity
A new survey finds that American homebuyers are anticipating that a recession will occur by early next year, with some buyers...
Walmart to cut about 1,500 corporate jobs
Walmart — the nation's largest private employer — is cutting more than 1,000 corporate jobs as the company tries to...
Federal Reserve governor warns US deficit ‘not sustainable’ as Treasury bond demand weakens
Federal Reserve Governor Christopher Waller said Thursday that the financial markets have reacted to projected deficits under congressional Republicans' tax cut...
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