This story about the March 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in March as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.7% on a…
FedEx and UPS said they will return tariff refunds to customers after a Supreme Court ruling opened the door to potentially billions of dollars in reimbursements tied to Trump-era import taxes. The companies said they plan to pass along any recovered funds as the federal government begins processing refund claims…
BAYOU LA BATRE, Alabama — Many American shrimpers are keeping their shrimp boats docked with an empty tank ahead of shrimping season as high fuel prices and tariff refunds hit the industry with a “double whammy.” Rising diesel costs — driven in part by geopolitical tensions affecting global oil supply —…
Nearly 13,000 toddler towers across three brands were recalled after dozens of incidents and 21 injuries were reported due to the stools collapsing or tipping, according to federal regulators. The three affected products — Toetol Tower Stools, Wiifo Children’s Tower Stools and Amzcmj DGD Children’s Tower Stools — total about…
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The United Arab Emirates said on Tuesday that it will leave OPEC and OPEC+, effective May 1. The stunning loss…
A group of budget airlines is reportedly seeking financial assistance from the federal government that could convert to an equity…
Americans are facing mounting financial pressure, but even small changes to everyday habits could make a major impact on long-term…
You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears.If you’ve…
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The Federal Reserve will announce its latest interest rate on Wednesday when Fed Chair Jerome Powell will host what may be his final press conference as the leader of the central bank, with his term as chairman due to expire next month. The Federal Open…
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Treasury Secretary Scott Bessent pushed back Wednesday after Sen. Chris Coons, D-Del., suggested temporary sanctions relief for Iran has granted the country $14 billion during the war. During a fiery exchange at Wednesday’s Senate Appropriations Committee subcommittee hearing on the 2027 fiscal budget, Coons levied the charge at Bessent, noting…
President Donald Trump on Tuesday said he wants to see someone purchase Spirit Airlines, with the low-cost carrier facing headwinds as it looks to exit bankruptcy. Trump was interviewed on CNBC’s “Squawk Box” and said, “I don’t mind mergers” and suggested that could help resolve the issues Spirit faces.”You know,…
The Justice Department is reportedly pursuing a criminal antitrust investigation of large meatpacking companies after President Donald Trump called for them to face a probe over the higher prices facing consumers. The Wall Street Journal reported, citing sources familiar with the matter, that while the DOJ indicated it was investigating…
Kevin Warsh is set to testify on Tuesday about his nomination to be chairman of the Federal Reserve, with senators likely to press him on his views of the Fed’s 2% inflation target given the persistent price pressures affecting the U.S. economy since the pandemic. The 56-year-old Warsh, who served…
As President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh is stepping back into the spotlight – and in the hot seat – as he faces lawmakers Tuesday in a high-stakes confirmation hearing that could shape the future of U.S. monetary policy. Trump announced Warsh to succeed Jerome…
Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained…
Most investors have heard that investing in the S&P 500 is one of the best ways to create long-term wealth. It’s probably the default option in their workplace retirement plan. Even a lot of self-directed investors will put their money in the Vanguard S&P 500 ETF or the iShares Core…
California’s housing market is seeing an increase in inventory while the state’s population growth slows, but strong demand stemming from longstanding scarcity has kept the market tight. An analysis by the Public Policy Institute of California (PPIC) found that the state added 677,000 housing units over a six-year period in…
A bold merger proposal from United CEO Scott Kirby to President Donald Trump has left American Airlines’ CEO Robert Isom in the crosshairs, with analysts predicting the board may oust him in response to the potential industry shakeup. Kirby reportedly lobbied Trump for his blessing on a merger that has fueled…
Businesses can begin filing for tariff refunds on Monday as the federal government starts unwinding billions of dollars in import duties imposed by the Trump administration under emergency powers, opening the door to what could be one of the largest repayments to importers in U.S. history. At 8 p.m. ET…
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