New York City hotel rates could climb even higher after hotel owners signed what industry officials describe as the most expensive union contract in the industry’s history, locking in major wage increases for workers while raising affordability concerns for travelers and smaller hotels. The agreement, reported by The Wall Street…
Americans remain optimistic about the country’s ability to harness innovation and think it should be easier to build things in America, while they’re also skeptical about the government’s role in solving the issues confronting the nation, a new survey finds. The findings of the Ronald Reagan Institute’s Reagan National Economic…
BP abruptly removed Chairman Albert Manifold on Tuesday, citing “serious concerns” tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant. The company said Manifold, who had served as chairman for just eight months, was removed effective immediately after the board unanimously concluded…
The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month. Data from Realtor.com found that nationally, the share of active listings that carry a price reduction…
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Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and…
SpaceX on Wednesday submitted documents to move forward with its highly anticipated initial public offering (IPO), as the revolutionary company…
Americans of all ages are facing affordability concerns, with retirees on fixed incomes in particular feeling the strain – though…
Walmart is cutting or relocating jobs as the world’s largest retailer undertakes an effort to simplify its operating structure. The…
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Federal Reserve policymakers were concerned about high energy prices contributing to inflationary pressures in the economy when they held interest rates steady last month, the minutes from the meeting show. The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy decisions, released…
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Thousands of Long Island Rail Road workers are officially on strike as of midnight Saturday, effectively shutting down the nation’s busiest commuter railroad in its first strike in more than three decades and threatening major economic disruption across the New York region ahead of Memorial Day travel. The strike halted…
Amazon is facing a new class action lawsuit accusing the company of failing to refund tariff-related costs it passed on to consumers through higher prices in order to appease the Trump administration. Consumers allege in a proposed lawsuit filed in Seattle that the tech giant collected hundreds of millions of…
Coffee giant Starbucks is slashing about 300 U.S. support roles and closing some regional support offices. “We are taking further action under the Back to Starbucks strategy, building on our strong business momentum and working to return the company to durable, profitable growth,” a Starbucks spokesperson said in a statement to FOX…
Boeing CEO Kelly Ortberg is among the group of American business leaders who have traveled to China with President Donald Trump and is pursuing what could be a sizable deal for the planemaker. Ortberg said on a call with analysts last month that the visit represents “a meaningful opportunity for…
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) next year amid rising inflation, according to new reports. An analysis by The Senior Citizens League (TSCL) predicts that the 2027 COLA will be 3.9%, which would represent an increase of 1.1 percentage points from this year’s 2.8%…
This is a developing story about the April 2026 CPI inflation report and will be updated with more details. Inflation surged in April as consumer prices rose amid the impact of the Iran war on the energy market and broader economy.The Bureau of Labor Statistics on Tuesday said that the consumer…
President Donald Trump is set to travel to China this week for a summit with Chinese President Xi Jinping that comes as the relationship between the world’s two largest economies is disrupted by ongoing trade disputes and emerging technology. Trump’s meeting with Xi in Beijing on May 14-15 comes amid…
Amazon is rolling out 30-minute delivery across dozens of U.S. cities, marking its fastest shipping option yet as the retail giant continues to accelerate its push into ultra-fast fulfillment. The new service, called Amazon Now, will deliver thousands of items — including groceries, household essentials and electronics — to customers’…
Passengers aboard Disney Cruise Line’s Disney Adventure say their four-night Singapore sailing was canceled after boarding due to technical issues, leaving families waiting hours for answers before being sent to hotels late at night. Guests had already embarked on the May 7 voyage when the ship’s captain reportedly told them…
The CEO of Saudi Arabia’s state-owned oil company is warning that the energy sector will take time to recover from the Iran war’s impact on supply as oil output was slashed due to the ongoing disruptions to shipping in the Strait of Hormuz. Saudi Aramco CEO Amin Nasser said on…
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