Nissan recalls over 51,000 Kicks SUVs for dashboard display defect

Nissan is recalling more than 51,000 Kicks SUVs because a software defect can cause the dashboard display to go partially or completely blank, potentially preventing drivers from seeing critical vehicle information. The recall affects 51,598 model year 2025-2026 Nissan Kicks vehicles manufactured between June 24, 2024, and Jan. 9, 2026,…

CEOs signal layoffs, plummeting confidence as economic outlook darkens in 2026

Corporate leadership across America has seemingly lost faith in the current trajectory of the U.S. economy, swinging sharply from optimism to pessimism in just three months. The Conference Board Measure of CEO Confidence, in collaboration with The Business Council, conducted its quarterly survey of 141 CEOs and found that the…

McDonald’s ‘NEXT’ strategy targets value perception after price hikes

McDonald’s announced on Monday that it’s rolling out a new corporate strategy that aims to make its stores easier to run for franchisees. The announcement, called “McDonald’s > NEXT,” focuses on increasing automation, raising standards for hospitality, leaning on social media for marketing and making its food items taste better.It…

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April PCE: Inflation remained elevated amid Iran war

This story about the April 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in April as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE)…

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Memorial Day grilling prices surge as beef, hot dogs and veggies cost more

Americans who are planning to grill this Memorial Day weekend are likely to see prices notably higher for a number of barbecue staples as persistent inflation squeezes household budgets. The Bureau of Labor Statistics’ most recent consumer price index (CPI) inflation data from April showed that prices have risen significantly…

Kevin Warsh sworn in as Fed chair at White House

Kevin Warsh was sworn in as the new chair of the Federal Reserve by President Donald Trump in a ceremony at the White House on Friday. The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever…

AI automation anxiety grows as expert warns jobs face pressure in 5 years

VANCOUVER – As the AI revolution continues to rapidly expand throughout the corporate world, many employees are facing “automation anxiety” that their job may be replaced by technology.  Speaking on Centre Stage at Web Summit Vancouver, Kyle Hanslovan said, “I think many will be pressured in the next five years,…

Mortgage rates rise to 6.51%: Freddie Mac

Mortgage rates jumped 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 climbed to 6.51% from last week’s reading of 6.36%. The average rate on a 30-year loan was 6.86% a year ago.…

Hospitals accuse CVS of siphoning hundreds of millions in drug savings

Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that allegedly siphoned hundreds of millions of dollars away from hospitals serving vulnerable and uninsured patients. The lawsuits – filed by Mount Sinai in New York, University of Michigan Health and…

Philadelphia voters approve first city-run retirement savings program in US

Voters in Philadelphia passed a ballot measure on Tuesday that will create the country’s first city-run savings program for workers whose jobs don’t offer retirement benefits. The measure will create a new program called PhillySaves that allows private sector workers whose employers don’t sponsor retirement plans like a 401(k) to…

Fed minutes reveal policymakers worried about Iran war energy price impact

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 the minutes of policymakers’ April…

US federal deficit projected to hit  trillion in fiscal year 2026

The federal government is projected to run a budget deficit of at least $2 trillion this fiscal year, according to an estimate by the Treasury Department and bond market participants. Earlier this month, the Treasury released its quarterly refunding documents for the second quarter of the calendar year, which included…

Mark Zandi puts U.S. recession odds at 40%, warns economy is ‘on edge’

Despite triumphant headlines from Wall Street, one prominent economic forecaster is sounding the alarm that the U.S. economy is sitting on a razor’s edge. In a recent interview with TheStreet, Moody’s Analytics chief economist Mark Zandi placed the probability of a U.S. recession within the next year at 40%, compared…