Fed's actions spoke louder than words to markets in fight against inflation, research finds Economy September 2, 2024 The credibility of the Federal Reserve helped financial markets in the central bank’s multiyear battle against inflation, but it had…
US firms' 'low firing' approach could turn to more layoffs, Fed's Barkin warns Economy September 1, 2024 The “low-hiring, low-firing” approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Federal Reserve…
Home prices just smashed another record high in June Economy August 31, 2024 Home prices hit a new record in June amid an ongoing housing shortage, even as high mortgage rates continued to push…
Alaska Airlines Boeing flight returns to airport following engine issue Economy August 30, 2024 An Alaska Airlines flight bound for Oakland, California, from Seattle had to turn around Sunday afternoon following an engine issue,…
Lowe's drops some DEI policies, latest American company to do so: memo Economy August 29, 2024 Home improvement chain Lowe’s is reportedly set to drop multiple diversity, equity and inclusion (DEI) programs. The retail chain is…
What sausage sales tell us about the economy: Dallas Fed Economy August 28, 2024 The Federal Reserve Bank of Dallas released its monthly Texas Manufacturing Outlook this week, which gauges the sector based on…
Rumble CEO joins Musk's advertising antitrust suit going after 'harmful monopoly' Economy August 26, 2024 Social media platform Rumble joined Elon Musk’s X in filing a lawsuit against the Global Alliance for Responsible Media (GARM)…
Jobless claims rise less than expected to 233,000 Economy August 25, 2024 The number of Americans filing for unemployment benefits rose less than expected last week, potentially easing some concerns about the…
Mortgage rates drop to lowest level in over a year Economy August 24, 2024 Mortgage rates fell sharply this week to the lowest level in more than a year, igniting a boost in demand…
JPMorgan sees a greater chance of a US recession this year Economy August 23, 2024 JPMorgan Chase analysts now see a greater chance that the U.S. economy will enter a recession by the end of the…