News
US futures retreat after Nvidia-led rally, oil prices rise on reports of potential US-Iran conflict
2+ hour, 21+ min ago (339+ words) Futures for the S&P 500 were down 0.2% before the opening bell, while futures for the Dow Jones Industrial Average fell 0.2%. Nasdaq futures were off close to 0.3%. EBay shares jumped nearly 8% overnight after the online auction site breezed past sales and…...
More Americans are filing for bankruptcy. Here's what's behind the surge.
1+ mon, 3+ day ago (607+ words) (CBS) " New data shows more Americans are filing for bankruptcy, the latest indication that'price pressures'and an uneven economy are leaving some households strapped for cash. Total consumer bankruptcy filings jumped 12% from 478,752 in 2024 to 533,949 in 2025, according to Epiq AACER, a platform…...
Inflation expected to have held firm, posing challenge amid DOJ probe into Fed Chair Powell
1+ mon, 6+ day ago (562+ words) (ABC) " An inflation report on Tuesday is set to provide a key gauge of the nation's economy, just days after reports of a Department of Justice probe'into Federal Reserve Chair Jerome Powell brought fresh scrutiny to the'independence of the central…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
1+ mon, 1+ week ago (732+ words) The move represents an unprecedented escalation in President Donald Trump's battle with the Fed, an independent agency he has repeatedly attacked for not cutting its key interest rate as sharply as he prefers. The renewed fight will likely rattle financial…...
Jobs report expected to show uptick in hiring as Fed cuts interest rates
1+ mon, 1+ week ago (467+ words) (ABC) " A jobs report to be released on Friday will provide a key gauge of the health of the U.S. economy as the Federal Reserve slashes interest rates in an effort to revive an ailing labor market. The fresh data comes…...
What’s driving the rollercoaster in gold and silver prices?
1+ mon, 2+ week ago (654+ words) (ABC) " Silver prices on Monday suffered their largest single-day drop in almost five years, before rebounding nearly 8% in midday trading on Tuesday. Some other precious metals, including gold, rode a similar rollercoaster. Bumpiness in recent days owes in part to…...
Bank of America CEO says the market “will punish people if we don’t have an independent Fed”
1+ mon, 3+ week ago (266+ words) (CBS) " Bank of America Chairman and CEO Brian Moynihan said last week that, as President Trump searches for a new chair of the Federal Reserve, maintaining the banking system's independence is paramount. The market "will punish people if we don't…...
As beef prices rise, small butcher shops adapt to changing demand
1+ mon, 3+ week ago (258+ words) Stephen Boyer has owned The Country Butcher in Tolland, Connecticut, for nearly 40 years. He says the holidays are one of their busiest times of the year. "It's about 20-25% of our yearly sales that we do during this four to six…...
How much? Kevin McCallister’s grocery bill skyrockets from 1990 to 2025
1+ mon, 3+ week ago (97+ words) In a nostalgic comparison of grocery prices from 1990 to 2025, a trip down memory lane reveals just how much inflation has impacted the cost of everyday items. MYRTLE BEACH, SC (WPDE) " In a nostalgic comparison of grocery prices from 1990 to 2025, a…...
Resilient US consumers drive strongest economic expansion in 2 years
1+ mon, 3+ week ago (773+ words) U.S. gross domestic product from July through September " the economy's total output of goods and services " rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday in a report delayed by the government shutdown. Economists surveyed by…...