News
Don't count on rate cuts just yet: Warsh as Fed chair may not lead to. ..
18+ hour, 22+ 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…...
7-Eleven expects to close hundreds of its stores in North America this. ..
1+ week, 4+ day ago (347+ words) According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year " outpacing the 205 locations it forecasts it will open during that same time. Seven & i Holdings Co. , the Japan-based parent of the…...
US employers added a surprisingly strong 178, 000 jobs last month, rebo. ..
3+ week, 1+ day ago (705+ words) The Labor Department reported Friday that hiring marked a turnaround from the loss of 133, 000 jobs in February. The job gains were about three times what economists had forecast. But uncertainty surrounding the war with Iran " and its impact on energy…...
Federal Reserve could signal no interest rate cuts this year in wake o. ..
1+ mon, 1+ week ago (348+ words) Many economists expect the Fed will forecast that inflation will remain as high as 3% even by late 2026. An increase of that magnitude could be hard to square with more interest-rate cuts. At the same time, the jump in gas prices…...
Trump's tariffs were supposed to help manufacturers. But instead, they. ..
1+ mon, 1+ week ago (1057+ words) But the tariffs at the core of Trump's economic agenda have wreaked havoc on his company, Allen Engineering Corp. , which makes industrial equipment used to install, finish and pave concrete. The import taxes have raised the costs of engines, steel,…...
How many rate cuts? Iran war upends Federal Reserve's next steps
1+ mon, 1+ week ago (125+ words) Standard Democrat How many rate cuts? Iran war upends Federal Reserve's next steps Seven-ton meteor that fell from the Cleveland sky could be seen several states away In his words: How Gregory Bovino became a face of Trump's mass deportations…...
China's economic ambitions hit limits to growth as its national congre. ..
1+ mon, 3+ week ago (1010+ words) The gap between Chinese leader Xi Jinping's high-tech, artificial intelligence-driven ambitions and the hard realities of slowing growth is the backdrop for the annual meeting of the country's largely ceremonial national legislature, the National People's Congress, which begins Thursday. During…...