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News
Lower-income wages are rising faster than the 'K' economy
6+ day, 21+ hour ago (338+ words) Wage growth for lower-income households may be turning a corner, according to Bank of America. Lower-income households saw 4.7% annual growth in wages last month, compared with 3.5% for higher-income households, based on the bank's consumer deposit account data. The gains come…...
Happy Labor Day. Everything's about to cost more! | Opinion
1+ week, 22+ hour ago (605+ words) It’s Labor Day weekend, and I hope my fellow Americans enjoy laboring, because we’re all going to be doing a lot more of it in order to afford food. And gas. And pretty much everything. The long weekend was ushered…...
August jobs report delivers unexpectedly strong news for US economy
1+ week, 3+ day ago (742+ words) The U.S. economy added a surprising 162,000 jobs in August, the Labor Department estimated Sept. 4, even as economists said a "low-hire, low-fire" dynamic made it difficult for unemployed Americans to find work. Average hourly earnings for employees on private, nonfarm payrolls rose…...
US diesel prices hit record high as conflicts intensify supply crunch
1+ week, 3+ day ago (491+ words) Average U.S. diesel prices jumped to record highs on Thursday, as a global supply crunch intensified after renewed hostilities between the U.S. and Iran and on disruptions caused by Ukrainian attacks on Russian refineries, a major source of diesel exports. The national…...
What the US trade war with Canada and new tariffs mean for prices
2+ week, 4+ day ago (953+ words) A reignited trade war between the United States and Canada means some prices are likely to rise for consumers in both countries. After trade negotiations between the two nations fell apart late last week, President Donald Trump’s administration imposed 50% tariffs…...
Is the US government's spending problem killing your American dream?
3+ week, 2+ day ago (708+ words) The U.S. government's massive spending spree is going to make it even harder for Americans to keep pace with rising costs and reach the American dream, economists said. The U.S. gross federal debt surpassed $40 trillion for the first time in history, the…...
Walmart to cut prices using its tariff refunds. Will others follow?
3+ week, 3+ day ago (367+ words) Walmart became the latest retailer to say it will be using its tariff refunds to lower prices for its shoppers. In the retailer's earnings call Aug. 20, Chief Financial Officer John David Rainey said Walmart received $2.9 billion in tariff refunds, which…...
Trump calls for lower interest rates as Fed officials watch inflation
3+ week, 3+ day ago (237+ words) President Donald Trump again pressured the Federal Reserve to lower its benchmark for interest rates, insisting rates are “artificially high” the same day the Treasury Department announced the U.S. national debt surpassed $40 trillion, though many forecasters are still predicting…...
US national debt surpasses $40T after doubling under Trump and Biden
3+ week, 4+ day ago (676+ words) WASHINGTON – Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said on Aug. 19, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programs and interest payments far outstrip revenues held…...
Hyundai Steel reportedly will break ground Sept. 4 on Louisiana mill
4+ week, 1+ day ago (451+ words) Hyundai Steel plans to hold a groundbreaking event for its $5.8 billion Louisiana mill on Friday, Sept. 4, according to reports. Pre-construction activities have been underway over recent months as trucks have been transporting materials to the site, which is located in…...