A new report from Gallup finds that U.S. workers are less optimistic about the job climate and their level of engagement with their current jobs has remained relatively flat. Gallup released its 2026 State of the Global Workplace report on Wednesday, which showed that while 51% of global workers think…
BlackRock has filed for an exchange-traded fund that will track the Nasdaq-100, in a challenge to Invesco’s dominance in a market where only a handful of funds directly follow the tech-heavy index. The world’s largest asset manager is seeking approval for iShares Nasdaq-100 ETF, which will trade under the ticker…
Goldman Sachs said on Thursday it has completed the acquisition of active exchange-traded fund provider Innovator Capital Management, expanding the Wall Street bank’s presence in the fast-growing active ETF segment. Active ETFs are among the fastest-growing areas of asset management, attracting investors with lower costs and flexible strategies at a…
American consumers who are in the market for used cars are facing the highest prices in nearly three years, according to a new report. Wholesale prices for used vehicles rose to their highest level since the summer of 2023 in March, with the Manheim Used Vehicle Value Index rising 6.2%…
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Tech giant Meta is planning to move forward with laying off about 200 employees in the San Francisco Bay Area.…
The parent company of luxury retailer Saks announced Thursday that it entered into a restructuring agreement with its capital partners…
General Motors is planning to ramp up production of heavy-duty pickup trucks in Michigan this summer amid strong demand for…
German automaker Mercedes-Benz said on Tuesday it will invest $4 billion at its Alabama plant through 2030 to boost SUV…
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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…
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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…
Companies in the private sector added 62,000 jobs in March, payroll processing firm ADP said Wednesday. The figure is above economists’ estimates of a gain of 40,000 jobs. The prior month’s payrolls number was revised higher to a gain of 66,000 from an initially reported gain of 63,000.”Overall hiring is…
Oracle on Tuesday reportedly began notifying employees that it is moving forward with a round of layoffs as the company looks to reduce costs. The number of layoffs in the thousands, according to a report by CNBC that cited two people familiar with the matter.Oracle has recently ramped up capital spending…
Despite a 50% spike in oil prices and an escalating conflict involving Iran, Wells Fargo CEO Charlie Scharf reports a disconnect between market volatility and real-world economic health. “So, separate out the pure economy from markets and what people are nervous about in terms of what the future holds. The…
U.S. gasoline prices on Monday topped $4 a gallon nationwide, adding pressure to household budgets as oil markets surge in response to the lingering Iran conflict. Data from GasBuddy showed the national average price for regular gasoline at $4.018 per gallon, with mid-grade at $4.541 and premium at $4.904. AAA…
JPMorgan Chase on Tuesday announced the launch of its American Dream Initiative (ADI), which will invest in communities around the U.S. through several focus areas, including one focused on driving the growth of small businesses and entrepreneurship. The ADI aims to support small businesses by expanding their access to capital, providing…
Nearly 150 cases of an Einstein Bros. Bagels’ cream cheese flavor have been recalled over the potential presence of undeclared almonds that could pose a life-threatening allergic reaction risk for people with almond allergies. Wisconsin-based Schreiber Foods issued a voluntary recall last week of cases of Einstein’s Honey Almond Cream…
Federal Reserve Chair Jerome Powell said that the U.S. economy is facing a supply shock from the disruption of Middle East oil supplies after previous shocks like the COVID-19 pandemic and tariffs pushed prices higher. Powell spoke to an economics class at Harvard University on Monday and said that the series…
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