News
Jobs report shows US unexpectedly lost jobs in February
3+ hour, 44+ min ago (464+ words) (NEW YORK) " The U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well…...
Valentine’s Day shoppers face soaring chocolate prices
3+ week, 6+ hour ago (533+ words) (NEW YORK) " Valentine's Day shoppers may feel jilted by runaway chocolate prices. Chocolate prices soared 14.4% over the initial weeks of 2026 when compared to the same period a year earlier, nearly doubling the pace of price increases at the start of…...
Bessent says Americans ‘should be worried about affordability,’ but blames Biden for cost issues
1+ mon, 1+ week ago (711+ words) (WASHINGTON) " As the cost of many basic goods, including groceries, continues to rise, Treasury Secretary Scott Bessent said in an interview with ABC News Senior White House Correspondent Selina Wang, he understands the hardships facing millions of people, but argued…...
Stocks fall after Trump’s DOJ opens criminal probe into Fed Chair Powell
1+ mon, 3+ week ago (296+ words) (NEW YORK) " Stocks slid in early trading on Monday hours after reports that the Department of Justice had'opened'a criminal investigation into Federal Reserve Chair Jerome Powell centered on the central bank leader's remarks to Congress about an office renovation project....
Why are mortgage rates at their lowest level since 2024?
2+ mon, 4+ day ago (581+ words) (NEW YORK) " Mortgage rates this week'fell'to their lowest level in 15 months, easing borrowing costs for homebuyers eager for a thaw in the housing market in 2026. The average interest rate on a 30-year fixed mortgage stands at 6.15%, plummeting from a level…...
What did holiday shopping reveal about the US economy?
2+ mon, 6+ day ago (478+ words) (NEW YORK) " Holiday shopping'season sets forth an annual gut check for the'U.S. economy, prompting buyers to splurge in a show of optimism or cut back out of fear of what next year holds. In 2025, shoppers opened their wallets with gusto,…...
What’s driving the rollercoaster in gold and silver prices?
2+ mon, 6+ day ago (656+ words) (NEW YORK) " Silver prices on Monday suffered their largest single-day drop in almost five years, before rebounding nearly 8% in midday trading on Tuesday. Some other precious metals, including gold, rode a similar rollercoaster. Bumpiness in recent days owes in part…...