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Economy
Bessent says US housing market in recession due to high interest rates
Treasury Secretary Scott Bessent said the U.S. housing market is one subset of the economy that…
July PCE: Fed’s favored inflation gauge remained elevated
The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the…
NTSB issues urgent warning for Boeing 737 Max engines after bird strikes
The National Transportation Safety Board (NTSB) issued an urgent safety recommendation Wednesday to modify jet…
Trump unhappy with Powell for not cutting rates, floats replacement
President Donald Trump, unhappy with the Federal Reserve for not cutting interest rates, has called…
Elon Musk calls massive Starship explosion in Texas ‘just a scratch’
SpaceX's Starship exploded Wednesday night during a test at SpaceX's Starbase in Boca Chica, Texas. …
Peter Schiff warns of stagflation for US economy
Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve…
CBO: ‘Big beautiful bill’ would add $2.77 trillion to deficit over decade
The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans' "big beautiful…
Federal Reserve leaves interest rates unchanged despite Trump pressure
The Federal Reserve on Wednesday said that it will leave its benchmark interest rate unchanged…
Trump slams Powell as Fed expected to leave interest rates unchanged
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday ahead of the central…
Amazon CEO says AI will reduce corporate workforce in coming years
Amazon CEO Andy Jassy says artificial intelligence will "change the way" work is done and…
Social Security COLA for 2026 projected to rise to 2.5%, analysis shows
A new analysis projects the Social Security Administration's (SSA) cost-of-living adjustment (COLA) for next year will…
Wages among blue collar workers is up significantly in 2025 says Trump administration
The Trump administration is touting gains made by blue-collar workers in the first few months…
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