Trump administration says blue-collar wages rising fastest in more than 50 years
The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President...
New analysis projects Social Security’s COLA for 2026 will be higher than previous estimates
A new analysis projects the Social Security Administration's (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected....
Amazon CEO says AI will reduce his company’s workforce
Amazon CEO Andy Jassy says artificial intelligence will "change the way" work is done and expects the company's total corporate...
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Trump slams ‘stupid’ Fed Chair Jerome Powell ahead of interest rate decision
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday, hours...
Federal Reserve leaves key interest rate unchanged for fourth straight meeting
The Federal Reserve on Wednesday said that it will leave its benchmark...
Deficits from ‘big beautiful bill’ to rise nearly $2.8T under new dynamic estimate: CBO
The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans' "big beautiful bill" would raise budget deficits...
Top economist warns America is heading toward economic disaster the Fed can’t fix
Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve and sounded the alarm about...
Social Security trust fund now projected to run dry in 2034, triggering massive benefit cuts
The trustees for Social Security and Medicare released their annual report on the status of the entitlement programs' trust funds, which...
Who could replace Fed Chair Powell? These are the top contenders
President Donald Trump, unhappy with the Federal Reserve for not cutting interest rates, has called Chairman Jerome Powell a "numbskull,"...
SpaceX Starship explodes on Texas launch site
SpaceX's Starship exploded Wednesday night during a test at SpaceX's Starbase in Boca Chica, Texas. Around 11 p.m. local time...
NTSB issues urgent safety bulletin about engines found in some Boeing 737 Max jets
The National Transportation Safety Board (NTSB) issued an urgent safety recommendation Wednesday to modify jet engines on Boeing’s 737 Max...
Nearly one-third of $36T national debt needs refinancing as Trump demands rate cuts
The Treasury Department will need to refinance nearly one-third of the more than $36 trillion in debt owed by the...
US created eye-popping number of new millionaires in 2024, report finds
The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global Wealth Report, released Wednesday, found...
Fed governor breaks ranks with Powell, signals rate cuts could begin next month
The Federal Reserve has held off on cutting interest rates in 2025 to date, although one member of the board of...
US economic growth forecast cut sharply due to higher tariffs
The outlook for economic growth in the U.S. was slashed due to higher tariffs in a new report released by the...
Federal judge cancels Boeing trial over 737 crashes after agreement with DOJ
A federal judge has vacated the trial date related to Boeing and the crashes of its 737 MAX airplanes that...
Popular fried chicken chain acquired by private equity firm in $1B deal
Roark Capital, the private equity firm that has been buying up established franchises, acquired Dave's Hot Chicken in a $1...
Citi to end policy restricting services to retail clients selling firearms in effort to ensure ‘fair access’
Citigroup on Tuesday announced it is dropping a 2018 policy that placed restrictions on offering banking services to retail clients...
Trump’s 50% tariffs on imported steel, aluminum take effect
U.S. President Donald Trump's 50% tariffs on most imported steel and aluminum went into effect on Wednesday, the same day...
American manufacturing needs labor reform, not tariffs
For the first time since the Smoot-Hawley Act of 1930, tariffs are not just a tool of U.S. economic policy — they’re its most expansive and aggressively...
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