Federal Reserve Chair Jerome Powell on Tuesday said that the central bank has held off on cutting interest rates due to concerns about tariff-induced price hikes on consumers, adding that the Fed likely would’ve cut rates this year if not for those tariff worries. Powell participated in a panel discussion about…
The Federal Trade Commission (FTC) is making July “Made in the USA” month. FTC Chairman Andrew Ferguson announced the move on Tuesday as the month of July officially gets underway and the Fourth of July holiday rapidly approaches. The FTC is seeking to educate businesses and American consumers about Made in…
A new report warns that a side effect of the Trump administration’s push to crack down on illegal immigration could further weaken Social Security’s finances and speed up its insolvency. Social Security’s main trust funds, when considered together, are on pace to be depleted in 2034, according to a recent analysis…
Insiders at tech giant Nvidia have offloaded more than $1 billion in shares in the last year amid the stock’s rapid rise due to the artificial intelligence (AI) boom. The Financial Times reported that over $500 million in stock sales have occurred in the last month as Nvidia shares reached record highs,…
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Ford Motor Company is recalling more than 130,000 Lincoln Aviator SUVs in the U.S. due to a possible risk of…
Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company’s stock on Friday and Monday, according to filings…
The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites on…
Billionaire Ray Dalio, founder of Bridgewater Associates, is sounding the alarm on America’s chronic spending, national debt nearing $37 trillion,…
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The U.S. dollar sank to its lowest level in three years on Thursday following a report that President Donald Trump is planning to pick his nominee to serve as the next chair of the Federal Reserve early. The Wall Street Journal’s U.S. Dollar Index – which measures…
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The U.S. labor market is in a holding pattern with relatively low unemployment, but a slower pace of hiring has caused the share of long-term unemployed workers to stagnate amid economic uncertainty. The Labor Department’s Bureau of Labor Statistics (BLS) tracks the number of individuals in the workforce considered long-term unemployed, which…
U.S. trade faces pressure in Middle Eastern markets from recent conflict to Trump tariffs
SOUTH PITTSBURG, Tenn. – Some U.S. manufacturers have raised concerns that conflict in the Middle East could dry up their business in the region. Recent missile attacks and the breach of a ceasefire agreement between Israel and Iran put global trade on alert as the Baltic and International Maritime Council…
Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday. The Chicago-based company, formed by the September merger of CareerBuilding and Monster, said it agreed to sell its job board operations, its most recognizable business, to JobGet, which has an app for so-called gig workers.Monster,…
Federal Reserve Chair Jerome Powell said that the economy is in a “solid position” as the central bank monitors inflation and labor market data for signs that it needs to adjust monetary policy. “Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low, and the labor…
One of the largest U.S. residential real estate brokerage firms is taking on real estate giant Zillow over “consumer choice.” On Monday, real estate brokerage Compass filed a 60-page complaint in Manhattan federal court, claiming that Zillow is improperly refusing to list homes on its site that were first listed…
Iran threatened to attempt to close one of the world’s most important shipping lanes for oil in response to the U.S. joining Israel in attacking Iranian nuclear facilities, but U.S. energy production would limit the impact of such a move on the American economy. Iranian state media suggested the country’s parliament…
GasBuddy’s head of petroleum analysis spoke with Fox News Digital about rising concerns that gas prices will skyrocket after President Donald Trump ordered a strike on Iranian nuclear facilities over the weekend and the Middle Eastern nation weighs shutting down the critical Strait of Hormuz. Patrick De Haan told Fox that…
FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. The FICO Score 10 BNPL and FICO Score 10 T BNPL will be the first credit scores from a leading credit scoring provider to…
The U.S. dollar experienced a volatile trading day on Monday in the wake of the U.S. joining Israel in attacking Iran’s nuclear facilities. The dollar strengthened during the Monday morning trading session, rising as much as 0.71% as investors flocked to the greenback, reaching its highest level since May, according to…
Motorists don’t have to worry about a massive spike in prices at the gas pump yet, according to industry analysts. Oil prices, which account for more than half of what consumers pay at the pump, fell Monday morning after temporarily surging Sunday following U.S. strikes on three key Iranian nuclear…