Economy

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Starbucks corporate layoffs looming in March: CEO

The global coffeehouse chain Starbucks will be cutting corporate jobs as its CEO Brian Niccol…

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Jamie Dimon talks tariffs: ‘Get over it’

JPMorgan Chase CEO Jamie Dimon said in a new interview that a small increase in inflation…

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Samsung weighs relocating dryer production to US in response to Trump tariffs

South Korea's Samsung Electronics and at least one other appliance maker are considering moving some…

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Costco Teamsters vote to authorize strike

Eighteen thousand Costco Teamsters are preparing to strike if a "fair contract offer" is not…

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Trump talked to Apple CEO Tim Cook, investment coming

President-elect Trump on the eve of his inauguration says he spoke with Apple CEO Tim…

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LA wildfires drive surge in rental housing prices, prompting price gouging concerns

The devastating wildfires that have hit the Los Angeles area in recent weeks have further constrained an…

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Chamber of Commerce CEO touts small business: ‘state of American business is local’

U.S. Chamber of Commerce President and CEO Suzanne P. Clark delivered a speech Thursday on…

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Mortgage rates rise above 7% for first time since May

Mortgage rates continued their upward climb this week, leaping above 7% and adding further pressure…

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Trump plans ‘External Revenue Service’ for tariffs paid by US importers

President-elect Trump on Tuesday announced plans to create a new "External Revenue Service" that would…

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Energy and food prices drove inflation in December

Inflation rose in December to its highest level since July with much of the increase…

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