News
Honda Projects Massive $4.3B Loss After Scrapping Electric Vehicle Plans
11+ hour, 59+ min ago (369+ words) Thursday, March 12, 2026 at 3:36 AM Honda Motor announced Thursday it expects losses between $2.6 billion and $4.3 billion this fiscal year after canceling several electric vehicle projects. The Japanese automaker cited a slowdown in North America's electric vehicle market as the reason for…...
Federal Reserve Reports Strong Economy Despite Immigration Enforcement Disruptions
4+ day, 19+ hour ago (911+ words) Saturday, March 7, 2026 at 8:18 PM The Federal Reserve's latest economic report shows steady growth and stable employment nationwide, though businesses continue facing higher costs from tariffs. The report highlights significant disruptions to Minnesota businesses and workers due to immigration enforcement actions....
Markets Rally as Middle East Tensions Show Signs of Cooling
4+ day, 19+ hour ago (442+ words) Saturday, March 7, 2026 at 7:47 PM Wall Street and European markets posted strong gains Wednesday amid hopes that Middle East conflicts may ease soon. Oil prices stabilized and beaten-down assets rebounded, though Asian markets struggled during the trading session. Markets across the…...
Fed Official: Interest Rates May Stay High as Oil Prices Surge
5+ day, 20+ hour ago (813+ words) Friday, March 6, 2026 at 7:19 PM Cleveland Federal Reserve President Beth Hammack warns the central bank may need to maintain or even raise interest rates if inflation doesn't improve later this year. Her comments come as rising oil prices and weak job…...
US Dollar Still Safe Haven Despite Challenges, Australian Bank Official Says
5+ day, 17+ hour ago (489+ words) Friday, March 6, 2026 at 10:18 PM A senior Australian banking official stated that while the US dollar's dominant global position may eventually weaken, recent market reactions to Middle East conflicts show it remains investors' preferred safe haven. The comments came during a…...
US Import Costs Rise Despite Cheaper Energy as Equipment Prices Surge
6+ day, 7+ hour ago (556+ words) Friday, March 6, 2026 at 8:03 AM American import costs climbed 0.2% in January as higher prices for capital goods and equipment offset falling energy costs. The increase matches economist predictions and reflects ongoing inflation pressures from overseas goods. WASHINGTON " The cost of goods…...
Disappointing Jobs Report Sparks Federal Reserve Rate Cut Speculation
6+ day, 5+ hour ago (724+ words) Friday, March 6, 2026 at 10:22 AM February's employment data showed the U.S. economy lost 92,000 jobs while oil prices surged toward $90 per barrel, creating a challenging scenario for Federal Reserve policymakers. The weak hiring numbers, combined with rising energy costs, have investors betting the…...
December Business Stockpiles Show Modest Growth, Commerce Department Reports
6+ day, 4+ hour ago (449+ words) Friday, March 6, 2026 at 11:19 AM American companies saw a slight uptick in their inventory levels during December, marking the first increase in two months. The 0.1% rise was driven by retailers rebuilding their stock after November declines. WASHINGTON " American businesses experienced a…...
US economy unexpectedly loses jobs in February; unemployment rate rises to 4.4%
6+ day, 6+ hour ago (637+ words) Friday, March 6, 2026 at 9:01 AM WASHINGTON, March 6 (Reuters) " The U.S. economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4%, potentially hinting at a'deterioration in labor market conditions that could put the Federal Reserve in a difficult spot amid rising…...
January Shopping Slump: Americans Tighten Wallets as Retail Sales Drop
6+ day, 6+ hour ago (355+ words) Friday, March 6, 2026 at 9:34 AM Consumer spending declined in January 2026, with retail sales dropping 0.2% as Americans continued to reduce their purchases. Health stores, gas stations, and clothing retailers saw the steepest declines, while home improvement categories showed modest growth. Americans tightened…...