News
Public shares testimony at 'Millionaires Tax' hearing
2+ hour, 34+ min ago (52+ words) Public shares testimony at 'Millionaires Tax' hearing'king5.com Public shares testimony at 'Millionaires Tax' hearing To stream KING 5 on your phone, you need the KING 5 app. Download the KING 5 app Next up in 5 Example video title will go here for…...
US job openings fall to 6.5 million, fewest since 2020, as labor market remains sluggish
1+ day, 8+ hour ago (250+ words) The Labor Department reported Thursday that vacancies fell to 6.5 million in December " from 6.9 million in November and the fewest since September 2020. Layoffs rose slightly. The number of people quitting their jobs " which shows confidence in their prospects " was basically unchanged…...
Trump names former Federal Reserve governor Warsh as the next Fed chair, replacing Powell
1+ week, 17+ hour ago (1083+ words) Warsh, if approved by the Senate, will be under close scrutiny from financial markets and Congress given his appointment by a president who has loudly demanded much lower rates than many economists think are justified by economic conditions. Whether he…...
Who is Kevin Warsh?
1+ week, 18+ hour ago (703+ words) He's very smart, very good, strong, young, pretty young," Trump told reporters on Friday about Warsh. He was the central casting guy that people wanted." The president added, Looks don't mean anything, but he's got the look." Rate cuts of…...
Federal Reserve may keep rates unchanged for months as economy shows signs of health
1+ week, 3+ day ago (983+ words) Chair Jerome Powell said at a news conference after the central bank announced its decision that the economy's outlook "has clearly improved since the last meeting" in December, a development that he noted should boost hiring over time. The Fed…...
Prices ticked up in November as Americans keep spending a key inflation measure shows
2+ week, 1+ day ago (248+ words) Consumer prices rose 2.8% in November from a year earlier, the Commerce Department said Thursday, up from a 2.7% annual pace in October. Excluding the volatile food and energy categories, core prices also increased 2.8% in November from a year ago, slightly higher…...
Economics professor discusses 25% EU tariff, world economy
2+ week, 3+ day ago (54+ words) Economics professor discusses 25% EU tariff, world economy'king5.com Economics professor discusses 25% EU tariff, world economy To stream KING 5 on your phone, you need the KING 5 app. Download the KING 5 app Next up in 5 Example video title will go here for…...
As Trump's deadline for a cap on credit card rates looms, banks have only questions and no answers
2+ week, 4+ day ago (347+ words) NEW YORK " President Donald Trump a week ago told the credit card industry it had until Jan. 20 to comply with his demand for a10% cap on interest rates. With just days to go, consumer groups, politicians, and bankers alike remain unclear…...
Trump calls for 10% cap on credit card rates
4+ week, 1+ hour ago (332+ words) WASHINGTON " President Donald Trump called for a one-year, 10% cap on credit card interest rates in a Truth Social post'Friday evening. He said he wanted the cap to take effect Jan. 20, exactly one year after he was sworn into office for…...
The IRS just increased the standard mileage rate for employees. Here's how it could save you money
1+ mon, 4+ day ago (332+ words) WASHINGTON " The IRS is increasing the standard mileage rate for commuters driving on business, meaning some employees could see an increase in their reimbursement checks this year or a lower tax bill." The IRS announced at the beginning of the…...