News
MBA grads face tough job market: 15-20% still job hunting months after graduation
2+ hour, 4+ min ago (156+ words) CHARLOTTE, N.C. " Getting an MBA used to all but guarantee a great job. Now, even graduates from the country's top business schools are finding it hard to get hired. Hiring has slowed across corporate America. Companies are cutting costs, delaying decisions,…...
As Trump's deadline for a cap on credit card rates looms, banks have only questions and no answers
1+ day, 16+ hour 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…...
Americans feel budget squeeze as food, energy costs stay high despite inflation ease
6+ day, 1+ hour ago (151+ words) CHARLOTTE, N.C. " President Trump said inflation is easing and that Americans are paying less for food and energy, but new economic data show the picture is more complicated. Overall inflation is lower than its peak, but prices are still rising, just…...
Trump calls for 10% cap on credit card rates
1+ week, 4+ day 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
2+ week, 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…...
Asian shares advance, yen slips after AI stocks push higher on Wall Street
4+ week, 2+ day ago (686+ words) World shares were mixed on Monday after a rebound in AI-related stocks like Nvidia spurred a late-in-the-week rally on Wall Street. Germany's DAX edged 0.1% higher to 24,315.90, while the CAC 40 in Paris slipped 0.2% to 8,135.23. Britain's FTSE 100 shed 0.3% to 9,864.71. The future for…...
Asian shares are mixed and oil prices jump as Trump orders a blockade of oil tankers to Venezuela
1+ mon, 4+ day ago (628+ words) Trump's move followed the seizure by U.S. forces last week of an oil tanker off Venezuela's coast, an unusual move that followed a buildup of military forces in the region as his administration ramps up pressure on the country's authoritarian leader…...
Federal Reserve likely to cut rates, may signal just one more reduction next year
1+ mon, 1+ week ago (436+ words) It would be the third cut in a row and bring the Fed's key rate to about 3.6%, the lowest in nearly three years. For Americans struggling with high borrowing costs for homes, cars, and other large purchases, this year's rate…...
Resilient in face of Trump tariffs, world economy is forecast to grow 3.2% this year, OECD says
1+ mon, 2+ week ago (265+ words) The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a tick from 3.3% in 2024 but an improvement on the 2.9% it had predicted for 2025 back in June. The organization, which does economic research and promotes international trade…...
Middle-class Americans face financial strain amid rising costs
1+ mon, 3+ week ago (161+ words) CHARLOTTE, N.C. " The U.S. middle class is feeling the squeeze. After nearly five years of persistent inflation, many households are seeing their dollars stretched thin. Prices are about 25% higher than in 2020. Everyday costs like food, car repairs and insurance have all jumped....