Economy

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Trump, Softbank CEO announce $100B investment to create 100,000 American jobs

President-elect Donald Trump and Softbank CEO Masayoshi Son announced Monday a $100 billion investment in…

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US credit card defaults soar to highest in 14 years

Experts are sounding the alarm over a new report indicating credit card loan defaults soared…

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Federal Reserve cuts interest rates by quarter-point in December

The Federal Reserve on Wednesday announced its third straight interest rate cut, lowering the benchmark…

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Teamsters union launches historic nationwide strike against Amazon

Thousands of Amazon workers organized under the Teamsters union went on strike at 6 a.m.…

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Mortgage rates rise, hitting demand

Mortgage rates climbed this week, sending overall demand lower as more Americans balked at refinancing.…

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Fed’s preferred inflation gauge came in less than expected

The Federal Reserve's favored inflation gauge came in lower than expected in November, but it…

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Labor force participation among US-born American men has plunged amid soaring immigration: analysis

Native-born American men have been fleeing the workforce in droves in a decades-long trend that…

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Amazon strike expands to Staten Island, New York, warehouse

Amazon workers at a warehouse on Staten Island in New York will join thousands of…

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Nissan, Honda announce plans to consider merger

Japanese automakers Nissan and Honda agreed to consider a merger and set up a joint…

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In-person shopping makes a comeback amid record-spending holiday season

Shoppers are ready to drop some cash this holiday season as total spending this year…

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