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Economy
Large tax refunds coming from One Big Beautiful Bill Act next year, Bessent says
Treasury SecretaryĀ Scott Bessent said American households will see "very large refunds" in the tax filing…
JPMorgan lowers recession forecast after Trump’s tariff truce with China
JPMorgan trimmed its forecast for the probability of the U.S. economy entering a recession this…
Chevron cutting 200 jobs in Texas as company plans 20% workforce reduction
Houston-basedĀ Chevron Corp.Ā (NYSE: CVX) says it is laying more than 200 employees in Texas as it…
Mortgage rates rise to 6.89%: Freddie Mac
Mortgage rates increased for the third straight week and continue to hover near the 7%…
Fed Chair Jerome Powell and President Donald Trump hold meeting at White House
Federal Reserve Chair Jerome Powell on Thursday met with PresidentĀ Donald Trump at the White House…
US jobless claims increase more than expected in May
The number of Americans filing new applications for unemployment benefits increased more than expected last…
Turkey airline passengers face fines for standing too soon after landing
Every airline passenger has heard the message towards the end of the flight that tells…
Fed releases minutes from May meeting
U.S. Federal Reserve officials at their last meeting acknowledged they could face "difficult tradeoffs" in…
General Motors announced it is investing hundreds of millions in US plant
General Motors is investing $888 million in its Tonawanda Propulsion plant in Buffalo, New York,…
Consumer confidence rebounds despite ongoing tariff concerns
U.S. consumer confidence rose in May after five straight months of deterioration after a pause…
UK to spend $4 billion on job training to curb reliance on migrant workers
Britain will spend a record $4 billion to increase training opportunities, as part of an…
McDonald’s extending hours at most US locations this summer amid hiring surge
McDonald's is extending its operating hours at most U.S. locations starting this summer amid an…
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