News
Treasury Secretary Bessent forecasts strong 2026 economy, acknowledges public uncertainty
1+ hour, 57+ min ago (329+ words) WASHINGTON (Gray DC) - Treasury Secretary Scott Bessent forecasted a strong U.S. economy in 2026 during a one-on-one interview Wednesday, but acknowledged not every American is seeing the benefits. President Donald Trump touted what he described as an economic rebound since taking office during…...
Fewer Americans boosted emergency savings in 2025 as credit card debt climbed
1+ mon, 3+ week ago (375+ words) (InvestigateTV) " A recent Bankrate survey found Americans who ended last year with less in emergency savings were more likely to have increased their credit card debt. Among those who saw their emergency funds shrink, 39 percent reported higher balances on their…...
Federal Reserve cuts key rate yet Powell says future reductions are not locked in
3+ mon, 3+ week ago (1028+ words) But Fed Chair Jerome Powell also cautioned that further rate cuts weren't guaranteed, citing the government shutdown's'interruption of economic reports'and sharp divisions among 19 Fed officials who participate in the central bank's interest-rate deliberations. Speaking to reporters after the Fed announced…...
Powell signals Federal Reserve to move slowly on interest rate cuts
5+ mon, 22+ hour ago (470+ words) In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed's goals of seeking maximum employment and stable prices. But with the unemployment rate rising, he noted, the Fed agreed to cut its key…...
At Home to close 29 stores by the end of September – see the list
5+ mon, 3+ week ago (70+ words) (CNN) " At Home has announced it is closing 29 stores. The furniture and home decor chain will close what it says are its "underperforming" locations by the end of the month. At Home filed for chapter 11 bankruptcy in June. The retailer…...
Home Depot says it will raise some prices because of tariffs
6+ mon, 6+ day ago (111+ words) (CNN) " Fixing and remodeling things around your house could get a little more expensive. Home Depot announced prices on some of its items are likely to go up. It broke the news in its quarterly earnings results Tuesday. The nation's…...
Trump and Powell bicker over cost of Fed building renovations as president visits site
7+ mon, 1+ day ago (893+ words) Wearing hard hats and grim faces, standing in the middle of the construction project,Trump and Powelladdressed the assembled TV cameras. Trump charged that the renovation would cost $3.1 billion, much higher than the Fed's $2.5 billion figure. Powell, standing next to…...
The EU is delaying retaliatory tariffs on US goods in hopes of reaching a deal by Aug. 1
7+ mon, 1+ week ago (587+ words) This is now the time for negotiations, European Commission President Ursula von der Leyen told reporters in Brussels on Sunday, after President Donald Trump sent a letter announcing new tariffs of 30% on goods from the EU and Mexico starting Aug....
Federal Reserve leaves its key rate unchanged; Trump criticizes Powell for not cutting rates
8+ mon, 1+ week ago (800+ words) The Fed's policymakers signaled they still expect to cut rates twice this year, even as they also project that President Donald Trump's import duties will push inflation higher. They also expect growth to slow and unemployment to edge up, according…...
Gas prices are holding steady this Memorial Day holiday
8+ mon, 4+ week ago (114+ words) (CNN) " Gas prices are holding steady for the Memorial Day holiday as tens of millions of Americans hit the roads. As of Sunday, the average cost of a gallon of regular unleaded in the United States was $3.18, according to AAA,…...