A new analysis found that payments made by U.S.-based midsize businesses to firms in China dropped significantly last year as tariffs on Chinese imports rose under the Trump administration. The JPMorgan Chase Institute released a report Thursday that found payments made by midsize firms to China declined significantly, falling by about…
The Trump administration is stepping up its push to reinvigorate the U.S. coal industry as it pursues its goal of boosting energy security. Last week, the Department of Energy announced it would provide $175 million in funding for projects to modernize, retrofit and extend the useful life of six coal-fired power plants…
Johnson & Johnson on Wednesday announced plans to invest more than $1 billion in a next-generation manufacturing facility that will produce advanced cell therapy technologies. The facility will be located in Montgomery County, Pennsylvania, and Johnson & Johnson said the move will expand its U.S. manufacturing capacity along with its pipeline…
Mortgage rates dropped this week to the lowest level since September 2022, 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 fell to 6.01% from last week’s reading of 6.09%. The average rate on a…
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Discount retailer Dollar Tree is opening new stores in increasingly affluent areas as it seeks to attract higher-income customers who spend…
A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a…
Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and…
Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as…
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President Donald Trump said tax refunds this year will be substantially larger than ever before because of his signature “One Big Beautiful Bill,” which was passed last year. Trump took to Truth Social to promote the expected refunds ahead of the 2026 filing season, arguing…
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Americans are getting some relief from lower gasoline prices, which the latest inflation data from the Labor Department shows have declined substantially over the last year. The Bureau of Labor Statistics on Friday released the consumer price index (CPI) for January, which showed headline inflation was up 2.4% from a year ago,…
SpaceX and NASA launched a new crew Friday to the International Space Station, nearly one month after prior crew members were evacuated following a medical emergency in orbit. NASA said the SpaceX Crew-12 mission lifted off at 5:15 a.m. from the Cape Canaveral Space Force Station in Florida. “The spacecraft will…
This story on the January 2026 CPI inflation report is developing and will be updated with more details. Inflation remained elevated in January as the pace of consumer price growth stayed above the Federal Reserve’s target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics on Friday said that…
Spirit Airlines reached a deal to sell 20 of its Airbus jetliners and is recalling some of the flight attendants who were furloughed late last year amid the budget carrier’s financial struggles. Spirit is in the midst of going through its second bankruptcy in under two years, after it previously filed…
Mortgage rates inched lower 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 slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…
A Georgia-based gun accessory company will pay $1.75 million in restitution to victims’ families, injured individuals and traumatized survivors of the 2022 mass shooting at a Buffalo supermarket and permanently stop selling a controversial magazine lock in New York under a settlement announced Wednesday. Mean LLC, commonly known as Mean…
Washington skeptics were quieted Wednesday morning as the January jobs report beat expectations, revealing a resilient American workforce that added 130,000 jobs to start the year. While experts predicted a winter chill for hiring, the 4.3% unemployment rate tells a different story — one of a Main Street economy —…
Kraft Heinz is pumping the brakes on plans to break up the company, with its new CEO saying the food giant’s challenges are “fixable and within our control” as it shifts focus toward reigniting profitable growth through a $600 million investment push. In a note in the company’s routine fourth…
This story on the January jobs report is developing and will be updated with more details. The U.S. economy posted solid job growth in January as employers hired at a steady pace to start 2026 as the Federal Reserve evaluates the need for rate cuts in the months ahead.What does…
The Federal Aviation Administration has grounded all flights to and from El Paso International Airport in Texas for the next 10 days, the agency announced Wednesday. All flights to and from El Paso are grounded, including commercial, cargo and general aviation. The restriction is effective from February 10 at 11:30…
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