Economy

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Elon Musk says DOGE should ‘definitely’ look at Federal Reserve’s costs

Billionaire Elon Musk said Wednesday that the Department of Government Efficiency (DOGE) should look into the…

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US Chamber of Commerce requests Trump admin take action ‘to save America’s small businesses’

The U.S. Chamber of Commerce warned in a new letter to the Trump administration that…

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Goldman Sachs CEO thinks markets will ‘settle down’ after expectations ‘reset’

Goldman Sachs CEO David Solomon said Tuesday he thinks financial markets will overcome prevailing uncertainty…

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Fed’s favored inflation gauge showed price growth slowed in March

The Federal Reserve's preferred inflation gauge showed that price growth slowed in March, with inflation trending…

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US first-quarter GDP: Economy contracted at a 0.3% rate

The U.S. economy contracted in the first quarter as President Donald Trump's economic agenda took…

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Private sector added 62,000 jobs in April: ADP

Companies in the private sector added 62,000 jobs in April, payroll processing firm ADP said…

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Delta Air Lines offering pay increase to employees for fourth consecutive year

Delta Air Lines announced its employees worldwide will be receiving a pay raise this year,…

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Bessent says US will weigh China’s failure on ‘phase one’ trade deal

Treasury Secretary Scott Bessent said Tuesday the Trump administration will take into account China's lack of…

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Consumer confidence dipped to a five-year low in April

Consumer confidence fell to its lowest level in nearly five years in April as concerns…

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UPS cutting 20K jobs as it braces for fewer Amazon shipments

United Parcel Service (UPS) said Tuesday that it will cut about 20,000 jobs and shutter…

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