The artificial intelligence (AI) boom has caused a surge in luxury real estate prices in the Bay Area, although more affordable areas in Silicon Valley haven’t seen the same gains since the launch of ChatGPT kickstarted the tech sector’s AI race. An analysis by Redfin compared the median home sale…
This story about the April 2026 jobs report is developing and will be updated with further details. The U.S. economy added jobs at a modest pace in April amid uncertainty surrounding the impact of conflict in the Middle East on the labor market.What are the key findings of the April…
A new report by the Federal Reserve Bank of New York finds that the recent rise in gas prices has affected households very differently based on their income level. Energy prices hit a four-year high in March amid the Iran war, prompting the closure of the Strait of Hormuz, which…
The slowing labor market is posing a challenge to recent college graduates looking to begin their careers, with many new graduates finding work in Southern cities. A study by ADP using anonymized data to compare the 53 largest metro areas in the U.S. based on hiring, wages and affordability for…
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A lawyer for Spirit Airlines said Tuesday that the surge in jet fuel prices left the company with “no remaining…
Gary Shilling, the legendary forecaster known for his bearish accuracy and being fired from Merrill Lynch for predicting the 1969-70…
close video President Donald Trump said on Friday that the U.S. gave Spirit Airlines a final bailout proposal to aid…
President Donald Trump said on Friday that the U.S. gave Spirit Airlines a final bailout proposal to aid the beleaguered…
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Chevron CEO Mike Wirth on Monday said that shortages in the oil supply chain will start appearing around the world because of the closure of the Strait of Hormuz amid the Iran war. Wirth made the comments during a discussion at the Milken Institute’s Global…
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The IRS’ taxpayer advocate issued a notice that tens of millions of American taxpayers may be entitled to refunds or reduced penalties and interest due to the postponement of filing deadlines during the COVID-19 emergency declaration. The National Taxpayer Advocate said in a post on Thursday that refunds or abatements…
The AAA national average price for regular gas soared more than nine cents higher in one day, surging from $4.30 as of Thursday to $4.392 as of Friday. The current figure is a whopping $0.333 higher than the week-ago average price of $4.059, according to AAA. The year-ago average for…
Fidelity and Vanguard’s charitable arms have reportedly paused grants to the Southern Poverty Law Center (SPLC) through their donor-advised funds after the group was indicted on federal charges. The Justice Department last week charged the civil rights nonprofit with financial crimes, including wire fraud and money laundering. In the wake…
Apple CEO Tim Cook says he is stepping down after 15 years as chief executive because three key factors aligned: Apple’s current performance, its product roadmap and the readiness of his successor, John Ternus. Cook said the timing came down to a clear internal assessment of the company’s position and…
Mortgage rates ticked slightly higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.3%, up from 6.23% last week. The average rate on a 30-year loan was 6.76% at this…
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn’t been crossed since the conclusion of World War II. Data released by the Bureau of Economic Analysis on Thursday showed that the national debt held by the public reached $31.27 trillion as…
U.S. economic growth rebounded in the first quarter of the year from a sluggish fourth quarter, according to the Commerce Department’s latest estimate. The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of first-quarter GDP, which showed the economy grew at an annualized rate of 2% in…
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 —…
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