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Economy
Bessent says 4 contenders for Fed Powell’s job
Ahead of the New Year's holiday, President Donald Trump said he will make a decision…
April jobs report: US job growth slowed amid economic uncertainty
The U.S. economy added jobs in April at a slower pace than a month ago…
Trump admin’s Fannie, Freddie IPO plan draws interest from banks: sources to Bartiromo
Several Wall Street banks are pitching President Donald Trump about handling the initial public offering (IPO)…
China imposes restrictions, warns foreign buyers against rare earth stockpiling
China appears to be building up a new "leverage point" against foreign nations as it…
Mortgage rates fall to 6.58%: Freddie Mac
Mortgage rates fell to the lowest level of the year this week, mortgage buyer Freddie…
Social Security beneficiaries may see 2.7% COLA increase in 2026 payments
The projection for Social Security's annual cost-of-living adjustment (COLA) for next year is getting higher, according…
Inflation concerns return as July PPI surges more than expected
Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of…
Starbucks CEO wants 4-minute service goal with Green Apron program
Four minutes or less. That is how long the Starbucks chief executive officer would like…
Kansas City Fed’s Schmid favors keeping interest rates steady
A member of the Federal Reserve panel that makes decisions about monetary policy said that he…
Bessent rejects suspending monthly jobs reports amid data concerns
Treasury Secretary Scott Bessent on Wednesday said that he doesn't think the Bureau of Labor…
Pfizer COVID vaccine may lose FDA authorization, company says
The U.S. Food and Drug Administration (FDA) may not renew the Emergency Use Authorization for…
GE Appliances invests $3B to expand US manufacturing operations
GE Appliances is investing more than $3 billion over the next five years to expand…
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