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News
Subcontractors say new delivery worker bill will put them out of business
3+ hour, 15+ min ago (409+ words) For some Amazon delivery workers in the Bronx, a typical day includes getting to the warehouse in the early morning, loading their trucks and getting ready to hit the road. It’s all part of the daily grind at Cazare Logistics,…...
US retail sales slump unexpectedly and sharply after a summer tax-refund boost fades
1+ week, 2+ hour ago (856+ words) Retail sales fell 0.6% last month, marking the biggest decrease since May 2025, compared with a revised gain of 0.2% in June, according to the Commerce Department data released Friday. Economists were projecting a small increase. The decline followed a notable bump in…...
Trade expert weighs in on Trump administration's tariffs
3+ week, 4+ day ago (105+ words) President Donald Trump has reimposed double-digit tariffs on dozens of U.S. trading partners around the world. Those countries account for nearly 100% of American imports. The administration argues that the countries being taxed are not doing enough to enforce bans on child…...
Stocks slide as Big Tech sinks and bond yields surge after a strong May jobs report
2+ mon, 2+ week ago (504+ words) Meanwhile, bond yields surged as a strong jobs report continued to dim expectations that the Federal Reserve will cut its benchmark interest rate this year. The S&P 500 fell 1% and is headed for its first losing week in the last…...
Professor reacts to 3.3% inflation jump amid the war in Iran
4+ mon, 1+ week ago (101+ words) U.S. inflation surged last month as energy disruptions in the Middle East ripple across the economy. The Consumer Price Index report showed that inflation jumped 3.3% compared to this time last year. Prices overall rose 0.9% during March, marking the highest monthly gain…...
China sets a lower economic growth target of 4.5% to 5% for 2026 as challenges loom
5+ mon, 2+ week ago (175+ words) The target was announced Thursday in an annual report being presented by Premier Li Qiang at the opening session of this year's meeting of the National People's Congress. The report set the goal and added “while striving for better in…...
Fiscal watchdog on how Mamdani can address budget deficit
6+ mon, 3+ week ago (153+ words) Mayor Zohran Mamdani is suggesting that New York raise taxes on wealthy individuals and corporations to address the city's $12 billion budget deficit. Andrew Rein, president of the Citizens Budget Commission — a fiscal watchdog group — joined NY1 anchor Shannan Ferry on “News…...
Inflation cooled slightly in December though remains above Fed's target
7+ mon, 1+ week ago (817+ words) WASHINGTON — Inflation cooled a bit last month as prices for gas and used cars fell, a sign that stubbornly elevated cost pressures are slowly easing. Consumer prices rose 0.3% in December from the prior month, the Labor Department said Tuesday, the…...
Finances and the economy: What's in store for 2026?
7+ mon, 2+ week ago (392+ words) TAMPA, Fla. — As 2026 gets underway, financial experts say the year ahead will bring a mixed outlook for Americans, largely depending on income level. While higher-income earners may feel relatively stable, middle- and lower-income households are expected to continue facing pressure…...
Consumer sentiment fell 6% in August, University of Michigan survey says
11+ mon, 3+ week ago (320+ words) Americans are feeling more worried about inflation, according to the University of Michigan Surveys of Consumers. Consumer sentiment in August fell 6% from July and is down 14% compared with a year ago, the survey found. “Although consumers no longer fear the…...