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Economy
Bank of America finds spending gap between income groups widens in US
The U.S. is showing signs of a "K-shaped" economy with spending among lower-income consumers showing little…
Elon Musk says DOGE should ‘definitely’ look at Federal Reserve’s costs
Billionaire Elon Musk said Wednesday that the Department of Government Efficiency (DOGE) should look into the…
Chinese shipments to US midsize firms drop 20%, JPMorgan Chase finds
A new analysis found that payments made by U.S.-based midsize businesses to firms in China…
Trump administration provides $175M funding for coal plants
The Trump administration is stepping up its push to reinvigorate the U.S. coal industry as it…
Mortgage rates fall to 6.01%: Freddie Mac
Mortgage rates dropped this week to the lowest level since September 2022, mortgage buyer Freddie…
Kevin Hassett calls for NY Fed to punish economists over tariff research
White House economic advisor Kevin Hassett on Wednesday called for the New York Federal Reserve to…
Fed signals rate hikes possible if inflation stays elevated above target
Federal Reserve policymakers were mostly in agreement on the decision to leave interest rates unchanged…
Rent prices see relief as growth hits slowest pace since 2020 nationwide
Renters are expected to see some relief from rising prices this year, with the pace…
Federal court rejects ‘boneless wings’ misleading labeling lawsuit
A federal judge has dismissed a lawsuit challenging Buffalo Wild Wings’ (BWW) use of the…
Tesla avoids California suspension after ending ‘autopilot’ marketing
Tesla will avoid a 30-day suspension of its dealer and manufacturer licenses in California after…
Federal government loses around $1 trillion annually to fraud: Haywood Talcove
The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove,…
Austin population grows 51% in households from 2014-2024 census data
The Austin, Texas, region has seen its population grow rapidly over the last decade, with new…
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