Oracle on Monday announced it hired a new chief financial officer after the software giant moved forward with layoffs last week. The company announced that Hilary Maxson will serve as the new CFO, joining Oracle from French industrial conglomerate Schneider Electric where she served in the same role. Oracle said…
The U.S. housing market accelerated in March despite elevated mortgage rates reducing some of the affordability improvement the market had recently seen, according to a new report. Zillow released its market report for March which found that newly pending home listings increased 4.6% from a year ago in March.That increased…
Americans are concerned with the rising cost of healthcare along with surging health insurance premiums. A Gallup poll released last week found that healthcare is the top domestic issue facing Americans among 16 policy areas included in the survey, with 61% saying they worry a great deal about healthcare access…
JPMorgan Chase CEO Jamie Dimon warned in his annual letter to shareholders that the war in Iran could lead to more stubborn inflation as well as higher interest rates than what the market is currently anticipating. Dimon’s letter was released Monday in conjunction with JPMorgan’s annual report for 2025 and…
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General Motors is planning to ramp up production of heavy-duty pickup trucks in Michigan this summer amid strong demand for…
German automaker Mercedes-Benz said on Tuesday it will invest $4 billion at its Alabama plant through 2030 to boost SUV…
Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets…
Rivian and Uber on Thursday announced a partnership worth up to $1.25 billion to accelerate the two companies’ plans for autonomous…
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American retirees may be done with their working careers, but they may still face the scrutiny of an IRS audit if their tax return raises red flags. Data from the IRS shows the tax collection and enforcement agency has conducted audits on fewer than 1% of…
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Despite a 50% spike in oil prices and an escalating conflict involving Iran, Wells Fargo CEO Charlie Scharf reports a disconnect between market volatility and real-world economic health. “So, separate out the pure economy from markets and what people are nervous about in terms of what the future holds. The…
U.S. gasoline prices on Monday topped $4 a gallon nationwide, adding pressure to household budgets as oil markets surge in response to the lingering Iran conflict. Data from GasBuddy showed the national average price for regular gasoline at $4.018 per gallon, with mid-grade at $4.541 and premium at $4.904. AAA…
JPMorgan Chase on Tuesday announced the launch of its American Dream Initiative (ADI), which will invest in communities around the U.S. through several focus areas, including one focused on driving the growth of small businesses and entrepreneurship. The ADI aims to support small businesses by expanding their access to capital, providing…
Nearly 150 cases of an Einstein Bros. Bagels’ cream cheese flavor have been recalled over the potential presence of undeclared almonds that could pose a life-threatening allergic reaction risk for people with almond allergies. Wisconsin-based Schreiber Foods issued a voluntary recall last week of cases of Einstein’s Honey Almond Cream…
Federal Reserve Chair Jerome Powell said that the U.S. economy is facing a supply shock from the disruption of Middle East oil supplies after previous shocks like the COVID-19 pandemic and tariffs pushed prices higher. Powell spoke to an economics class at Harvard University on Monday and said that the series…
Air Canada said Monday that President and CEO Michael Rousseau will retire by the end of the third quarter of 2026, capping nearly two decades with the company. The announcement comes the same month as a fatal crash involving an Air Canada Jazz flight from Montreal at New York’s LaGuardia…
Fresh data from the IRS shows that Americans’ average tax refunds in the 2026 filing season have risen significantly from last year as the filing deadline approaches. IRS data through March 20 showed that the average tax refund amount has risen to $3,571 in the 2026 filing season to date, an increase…
BlackRock CEO Larry Fink recently published his annual chairman’s letter and noted the significance of America’s 250th anniversary this year, drawing a parallel to a similar milestone for the modern economy. “In July, the United States will celebrate the country’s 250th birthday. But 2026 is more than an American celebration,” Fink…
Oil prices have surged more than 40% since the start of the Iran conflict, rattling global energy markets and raising concerns that U.S. drivers could see further increases at the pump. Analysts say consumers may not have felt the full impact yet, as higher crude costs typically take weeks to…
BlackRock CEO Larry Fink discussed possible Social Security reforms that would allow more Americans to benefit from the growth in the stock market while also ensuring the program is strengthened so it can survive to serve future generations. Fink’s recently released annual chairman’s letter touched on how Social Security is “one…
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