The leader of a trade group that represents most major automakers called on the federal government to eliminate its gasoline tax and replace it with a vehicle fee to finance road infrastructure needs. Alliance for Automotive Innovation CEO John Bozzella, whose group represents automakers such as General Motors, Toyota, Volkswagen, Hyundai…

The parent company of luxury retailer Saks announced Thursday that it entered into a restructuring agreement with its capital partners who committed to provide $500 million in financing when the company emerges from bankruptcy. Saks Global Enterprises filed for Chapter 11 bankruptcy protection in January after it missed a $100…

American workers saw rising wages in March, though the increases were lighter than expected and represented a deceleration from the prior month’s readings. The Bureau of Labor Statistics on Friday released the March jobs report, which showed the U.S. economy added 178,000 jobs for the month – beating the expectations…

Amazon will impose new fees later this month on third-party sellers as rising oil prices tied to the ongoing war with Iran ripple through the U.S. economy, a shift that could ultimately push costs onto consumers. The company said it will begin charging a 3.5% “fuel and logistics-related surcharge” on…

This story about the March 2026 jobs report is developing and will be updated with more details. The U.S. economy added jobs in March as the labor market rebounded after it unexpectedly shed jobs a month ago.What are the key findings of the March 2026 jobs report? The Labor Department…

American retirees may be done with their working careers, but they may still face the scrutiny of an IRS audit if their tax return raises red flags. Data from the IRS shows the tax collection and enforcement agency has conducted audits on fewer than 1% of individual tax returns in recent years. In…

The “magic number” that Americans believe they need to have saved for retirement jumped from a year ago as some express anxiety about their retirement savings. Northwestern Mutual released a study on Wednesday which found that the amount of retirement savings Americans think they need to retire comfortably rose to $1.46 million.That…

close video Mortgage rates rose this week as the conflict in Iran continues to weigh on markets, 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 6.46% from last week’s reading of…

A suburb near Nashville, Tennessee, is in the midst of a boom amid an influx of higher-paying tech and trade jobs. A report by Realtor.com found that Clarksville, located about 45 minutes outside of Nashville, is drawing in residents in part because of several manufacturing firms setting up shop in the area…

Los Angeles County, once the symbol of American prosperity and Hollywood dreams, has earned the title of the nation’s leader in population loss. The latest U.S. Census data shows shows that between July 1, 2024, and July 1, 2025, 53,421 residents left the county, marking the largest decline in the…