News
Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
5+ hour, 7+ min ago (1051+ words) The odds of Kevin Warsh becoming chair by the time Jerome Powell's term ends May 15 shot higher Friday when U. S. Attorney for Washington, D. C. , Jeanine Pirro, said she would drop her probe into Powell over his testimony last summer about the Fed's…...
Judge approves Capital One $425 M class-action settlement. Here's what to know
2+ day, 8+ min ago (464+ words) Here are the all-decade first and second boys basketball'teams from the decade of the 2010s. The Capital One building is pictured on April 20, 2026, in New York City. Eligible Capital One account holders could receive money from the bank after a judge…...
UK inflation rises in March as prices at the pump spike higher after Iran war
3+ day, 6+ hour ago (545+ words) Explore the cost of living, property taxes, renting vs. buying and more to help you choose the right home or town. Hear directly from our reporters with behind-the-scenes peeks at the teams and players they cover. If you were to…...
Connecticut loses estimated 4, 200 jobs in February, wiping out January gains
4+ day, 1+ hour ago (468+ words) Connecticut lost an estimated 4, 200 jobs in February, erasing January's gains, according to data released Tuesday by the state Department of Labor." The decrease reflected a cumulative decline of 5, 500 positions across professional and business services; other services; construction; trade, transportation and…...
7-Eleven to close more than 600 locations throughout US within a year, filings show
1+ week, 4+ day ago (285+ words) 7-Eleven will close more than 600 locations in the U. S. during the 2026 fiscal year, according to company filings. The convenience store chain's recent filings show the company will shut down645 store locations in North America now through Feb. 28, 2027. 7-Eleven's filings also state that…...
Connecticut's economy among fastest growing in U. S. last year despite slowing late
2+ week, 2+ day ago (310+ words) An aerial view of Bridgeport, the most-populous city in Connecticut, on March 4, 2026. The gross domestic product of Connecticut increased 0. 5% in the fourth quarter of 2025, and 2. 4% across all of 2025, according to data from the U. S. Bureau of Economic Analysis." Connecticut's economic expansion…...
More Federal Reserve officials see possible rate hikes this year, minutes show
2+ week, 2+ day ago (352+ words) And "many" of the officials pointed to the risk that higher oil and gas prices could keep inflation elevated for "longer than expected, which could call for rate increases" to push inflation back down. For about 18 months, the Fed has…...
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns
2+ week, 4+ day ago (464+ words) And she also said the Fed might have to cut its rate if higher gas prices caused the economy to slow and unemployment to rise. But if inflation remained elevated, a rate hike could be needed, she said. Other Fed…...
US employers added a surprisingly strong 178, 000 jobs last month, rebounding from a weak February
3+ week, 1+ day ago (257+ words) The Labor Department reported Friday that hiring marked a rebound from the loss of 133, 000 jobs in February. The job gains were about three times what economists had forecast. The unemployment rate was down from 4. 4% in February. That is partly because…...
Trump Fed pick Kevin Warsh could shake up the central bank with his "family fight" model
3+ week, 3+ day ago (846+ words) Simon Bowmaker, New York University and Paul Wachtel, New York University (THE CONVERSATION) Since President Donald Trump named Kevin Warsh as his choice for Federal Reserve chair on Jan. 30, 2026, financial markets have focused on one question: Is he still the…...