Economy

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Goldman Sachs says larger tax cut won’t offset tariff drag on economic growth

A new report by Goldman Sachs finds that while House Republicans' tax cut package that's moving…

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JPMorgan’s Jamie Dimon criticizes mortgage lending rules at firm’s investor day

JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that…

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DOJ abandons lawsuit against Southwest Airlines for allegedly chronic flight delays

The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays.…

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What does it mean that Moody’s downgraded the United States credit rating?

Moody's Ratings on Friday announced a downgrade of the U.S. government's credit rating, moving it…

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California Avocado Commission says avocado orchards face ‘catastrophic’ risk

The California Avocado Commission (CAC) is urging the Trump administration to take actions to help…

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Student loan delinquencies send credit scores plummeting for millions

A 100-point drop in a credit score can be "absolutely catastrophic." It can also take…

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Treasury Secretary Scott Bessent downplays Moody’s US credit downgrade

Treasury Secretary Scott Bessent downplayed the impact of Moody's downgrading the U.S. government's credit rating in…

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Moody’s downgrades US credit rating over persistent budget deficits

Moody's Ratings on Friday announced that it downgraded the U.S. credit rating by one notch…

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Consumer sentiment fell again in May amid inflation worries, tariff uncertainty

U.S. consumer sentiment continued to decline in May as Americans' expectations about future inflation rose…

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The pope took a vow of poverty. He may still need to file US taxes.

Will Pope Leo XIV have to file and pay U.S. taxes, despite his strict vow…

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