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Economy
California wildfires: insured losses could top $30B, Wells Fargo analysis finds
The devastating wildfires that have impacted Southern California over the last week could have insured losses…
September Fed minutes reveal cautious approach to future rate cuts
The Federal Reserve on Wednesday released the minutes from the central bank's monetary policy meeting last…
Federal budget deficit widens by $109 billion despite tariff revenue influx
The U.S. federal government's annual budget deficit has widened by $109 billion so far this fiscal…
Jobs in trades recommended over college degrees for Gen Z students
Terry Schilling, president of the American Principles Project, is encouraging Gen Zers to reconsider the…
Bessent says markets pricing in Fed rate cuts before year-end
Treasury Secretary Scott Bessent said Thursday that financial markets are pricing in a high likelihood of…
Former BLS leader suggests AI could improve jobs data collection methods
The processes used by the Bureau of Labor Statistics (BLS) to collect data for the jobs…
AI adoption surges among small businesses, 40% plan to add new jobs
Small business owners are rapidly adopting artificial intelligence to power their growth, with many saying…
Nearly 10% of young Americans’ credit cards delinquent, Fed reports
Young Americans continued to make up the largest share of those transitioning into credit card…
Tucson votes down $250M Amazon data center citing water and energy use
A massive data center that was slated for southern Arizona may be no more after…
Uncertainty tax hits businesses as economy shows signs of inflection point
The weaker-than-expected July jobs report and large downward revisions to the prior two months' job…
Penske calls DHS use of rental trucks in LA operation ‘improper’ and unsafe
Transportation services company Penske is calling the use of its rental trucks during a Department…
BNPL firms withhold credit data fearing unfair customer penalties
Credit bureaus were supposed to start incorporating buy now, pay later (BNPL) data into credit…
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