US economy grew at a faster pace in Q2 following Commerce Department revision
The U.S. economy grew at a faster rate than previously thought in the second quarter after the Commerce Department released...
Mortgage rates fall to 10-month low
Mortgage rates fell to a 10-month low, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey,...
Fed’s favored inflation gauge shows consumer price pressures remained elevated in July
The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest...
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Trump asks court to allow removal of Fed’s Lisa Cook immediately; judge sets quick schedule
President Donald Trump on Friday requested that a federal judge deny a request...
Southwest Airlines begins using FAA-mandated cockpit barriers on new Boeing jetliners
Southwest Airlines on Friday began flying its first jetliner built with a...
World leader issues warning to Trump on Fed independence
A key leader in the world economy is warning that undue interference in the Federal Reserve's operations by President Donald Trump...
Trump admin weighs national housing emergency, Treasury’s Bessent says
Treasury Secretary Scott Bessent on Monday said that the Trump administration is mulling the declaration of a national housing emergency in...
Treasury Department releases official list of jobs eligible for ‘no tax on tips’ deduction
The Treasury Department unveiled its list of jobs that will be covered by the Trump administration's "no tax on tips"...
McDonald’s CEO warns of ‘two-tiered economy’
McDonald’s CEO Chris Kempczinski warned of a "two-tier economy" as the fast-food giant brought back its Extra Value Meals this...
Salesforce cuts 4,000 jobs due to AI, CEO says
Salesforce has cut 4,000 customer support jobs and replaced them with artificial intelligence (AI) agents, CEO Marc Benioff said recently. ...
How NYC Dem socialist mayoral candidate’s $30 minimum wage plan could lead to job losses
New York City mayoral candidate Zohran Mamdani's plan for a $30 an hour minimum wage could make it harder for Americans...
Fed’s current monetary policy stance is ‘exactly where we want to be,’ official says
A member of the Federal Reserve panel that makes decisions about monetary policy said that he favors keeping interest rates at...
Starbucks CEO sets new time goal for baristas making your order
Four minutes or less. That is how long the Starbucks chief executive officer would like for it to take from...
Producer prices surged more than expected in July, spurring inflation concerns
Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of inflationary pressures in the economy. ...
Mortgage rates fall to lowest level of 2025
Mortgage rates fell to the lowest level of the year this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's...
Social Security’s estimated 2026 cost-of-living adjustment rises amid inflation uptick
The projection for Social Security's annual cost-of-living adjustment (COLA) for next year is getting higher, according to a new report. The...
China appears to be building ‘leverage’ to use against foreign entities
China appears to be building up a new "leverage point" against foreign nations as it cracks down on rare earths...
Wall Street banks race to win Trump admin’s favor for massive Fannie Mae, Freddie Mac IPO deal
Several Wall Street banks are pitching President Donald Trump about handling the initial public offering (IPO) of Fannie Mae and Freddie...
Blue states plan new tax hikes on wealthy residents in response to Trump’s federal tax legislation
Blue states around the U.S. are planning tax hikes on wealthy residents to bring in additional revenue through a variety...
Goldman Sachs constructs 14-floor Texas campus with fitness center and childcare facilities
One of the most significant names on Wall Street, Goldman Sachs , is in the midst of constructing a new...
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