News
Federal Reserve keeps rates unchanged, projects one cut this year
3+ week, 4+ day ago (256+ words) Federal Reserve officials expect the Iran War will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026. For now, Fed policymakers. .. Federal Reserve officials expect the Iran War…...
Federal Reserve holds interest rates steady amid political scrutiny
2+ mon, 2+ week ago (340+ words) The Federal Reserve kept rates unchanged amid political pressure and criticism from Trump. The Federal Reserve has decided to keep interest rates unchanged, maintaining current borrowing costs for Americans despite sustained political pressure on the central bank. Federal Reserve Chairman…...
Stocks drop and oil prices spike as the Iran War and weak jobs data fuel stagflation fears
1+ mon, 6+ day ago (779+ words) Oil shot to its highest price since 2023 after surging again Friday because of the Iran war, and a weak update on the U. S. job market knocked stocks lower to cap Wall Street's worst week since October. The S&P 500 dropped 1. 3% after…...
Stocks drop nearly 800 points after oil spikes to its highest price since the summer of 2024
1+ mon, 1+ week ago (743+ words) Stocks sank on Wall Street Thursday after the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran. The S&P 500 fell 0. 6% and erased what had been a small gain for the…...
December jobs report reveals 50, 000 jobs added, unemployment rate at 4. 4%
3+ mon, 3+ day ago (162+ words) The December jobs report shows 50, 000 new jobs were added, slightly below economists' predictions, with the unemployment rate at 4. 4%. The December jobs report released Friday indicates that employers added 50, 000 jobs, slightly below the 55, 000 jobs economists had predicted. The numbers are being…...
November jobs report: 64, 000 jobs added, unemployment ticks up
3+ mon, 3+ week ago (246+ words) November's delayed jobs report revealed employers added 64, 000 jobs. The unemployment rate ticked up to 4. 6%, the highest in 4 years. November's jobs report revealed that employers added 64, 000 jobs last month, exceeding economists' predictions but showing a slowing labor market. The unemployment rate…...
Federal deficits and debt to worsen over next decade, CBO projects
2+ mon, 1+ day ago (480+ words) The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments. Compared with the CBO's analysis this time last year, the fiscal…...
More thrifting and fewer returns, the early trends that defined shopping this holiday season
3+ mon, 1+ week ago (857+ words) The shopping rush leading up to Christmas is over, and in its place, like every year, another has begun as millions of people hunt for post-holiday deals and get in line to return gifts that didn't fit or didn't hit…...
Trump says he is suing JPMorgan Chase and CEO Jamie Dimon for alleged 'political' debanking
2+ mon, 3+ week ago (609+ words) President Donald Trump is suing JPMorgan Chase, the nation's largest bank, and its CEO Jamie Dimon, alleging that it improperly dropped him as a client in 2021 for political reasons. Related video above: JPMorgan Chase CEO Jamie Dimon speaks at WEF…...
Can Donald Trump unilaterally cap credit card interest rates at 10%? It's a request, not a law
2+ mon, 3+ week ago (815+ words) Amid voter concern about the economy and affordability, President Donald Trump announced a new policy: a 10% cap on credit card interest rates for one year. A Jan. 10 White House X post included an image of Trump's Truth Social post from…...