News
US weekly unemployment claims fall to 208,000, fewest in 10 weeks
3+ hour, 1+ min ago (266+ words) The number of Americans applying for jobless aid in the week ending July 11 dropped by 8,000 to 208,000, the Labor Department reported Thursday. That’s well below the 219,000 new applications forecast by analysts surveyed by the data firm FactSet. Weekly filings for unemployment…...
Kevin Warsh sworn in as Federal Reserve chair: 5 big obstacles he faces
1+ mon, 3+ week ago (1071+ words) (The Hill) — Kevin Warsh will face a political and economic obstacle course upon taking the helm of the Federal Reserve later this week. President Donald Trump held a swearing-in ceremony on Friday for Warsh, who became chair of the Fed…...
Groceries just had the biggest price hike in years. It’s about to get even worse, experts warn
1+ mon, 3+ week ago (538+ words) (NEXSTAR) – Federal inflation data confirms what you may have been feeling already: Groceries are getting more expensive. Unfortunately, things may be about to get a whole lot worse, economists are warning. The price of groceries rose 2.9% in April compared to…...
Retail sales growth slowed in April from March as higher gas cost leaves less room for nonessentials
2+ mon, 1+ day ago (695+ words) Still, economists worry that spending will fall off more dramatically in the coming months as benefits from the refunds dissipate, and shoppers continue to grapple with the cumulative impact of rising gas prices at the pump. Retail sales rose 0.5% in…...
More Americans worried about running out of money than death: Survey
2+ mon, 1+ week ago (240+ words) (NewsNation) — Nearly 70% of Americans say they worry more about running out of money than they do about death, according to a recent survey by Allianz Life Insurance Company North America. Generation X harbours the most economic anxiety, with 73% fearing for…...
Retail sales fall modestly in January as American consumers pull back on spending
4+ mon, 1+ week ago (622+ words) American consumers pulled back their spending to start 2026, extending the malaise in retail sales that began late last year. Retail sales fell 0.2% in January, following a flat reading in December, according to the Commerce Department’s report issued on Friday. January’s…...
US stocks slip again as Wall Street’s rally loses steam
9+ mon, 3+ week ago (403+ words) by: STAN CHOE, Associated Press The S&P 500 slipped 0.3% for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite fell 0.4%. All three are still near their all-time highs, which were set on…...
Trump administration requests emergency ruling to remove Cook from Fed board
10+ mon, 4+ day ago (424+ words) The request represents an extraordinary effort by the White House to shape the board before the Fed’s interest rate-setting committee meets next Tuesday and Wednesday. At the same time, Senate Republicans are pushing to confirm Stephen Miran, President Donald Trump’s…...
Trump rattles Wall Street as he denies he’ll fire the Federal Reserve’s chair
11+ mon, 4+ week ago (856+ words) by: STAN CHOE, Associated Press The S&P 500 was up by 0.3% in late trading after whipping through an earlier drop and subsequent recovery. The Dow Jones Industrial Average was up 207 points, or 0.5%, with roughly an hour remaining in trading, and…...