School districts in several states are facing mandates to incorporate electric buses into their school bus fleets, with the EVs bringing with them different operating costs and posing new challenges. Several states, including New York and California, have implemented requirements that school districts buy zero-emission school buses with their new purchases.…
Cruise lines are facing headwinds as rising oil prices push their fuel costs higher amid the Iran war, as analysts are warning that Carnival could see the biggest hit to its 2026 profit. Oil prices have risen over 35% since the war with Iran began amid attacks on oil and transportation facilities…
Honda announced a $15.7 billion writedown of its electric vehicle (EV) business last week as the company shifts its U.S. strategy to account for weak consumer demand for EVs. The second-largest automaker in Japan said Thursday that it will restructure its EV business and cancel three planned battery-powered EV models that…
Union leaders representing Transportation Security Administration (TSA) workers in Atlanta called on lawmakers Monday to end the Department of Homeland Security (DHS) shutdown, saying the stalemate has crippled its members financially as they continue to work without being paid. Aaron Barker, the president of AMG local 554, said the union’s…
Trending
Spotlight This Week
More Articles
Money
Papa John’s International is reportedly reviewing a new proposal to take the company private in a potential $1.5 billion acquisition,…
The Internal Revenue Service has doled out millions of tax refunds amid the ongoing 2025 tax filing season. More than…
There’s good news for potential homebuyers: mortgage rates continued to trend down this week. In January, rates hit 7.04%, the…
Annual inflation increased to 2.8% in February, an unexpected decline from 3.0% in January, according to the Consumer Price Index (CPI)…
Featured Articles
This is a developing story about the second reading of fourth-quarter gross domestic product growth. Please check back for updates. The U.S. economy grew at a slower rate than previously thought in the fourth quarter after the Commerce Department released its first revision of real gross…
All News
The Federal Reserve’s preferred inflation gauge remained elevated in December as price pressures continued to pose a challenge for consumers. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.4% in December on a monthly basis and is up 2.9% from a year ago. Those figures were…
The U.S. economy grew at a much slower than expected pace in the fourth quarter, according to new data released on Wednesday. The Commerce Department’s Bureau of Economic Analysis (BEA) released its advance estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew at an annual…
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…
Walmart posted solid fourth-quarter results Thursday as shoppers continued prioritizing value and convenience, helping push online sales to a record share of the retailer’s business. The company reported fiscal fourth-quarter revenue of $190.7 billion, up 5.6% from a year earlier. U.S. comparable sales rose 4.6%, driven by a 2.6% increase…
White House economic advisor Kevin Hassett on Wednesday called for the New York Federal Reserve to punish economists who published a research paper that found that the bulk of the burden of the Trump administration’s tariffs are falling on U.S. businesses and consumers. “The paper is an embarrassment. It’s, I think,…
Federal Reserve policymakers were mostly in agreement on the decision to leave interest rates unchanged despite two calling for cuts, though several signaled that rate hikes could be on deck if inflation remains elevated. The minutes for the January meeting of the Federal Open Market Committee (FOMC), the Fed’s monetary…
Renters are expected to see some relief from rising prices this year, with the pace of rent growth expected to slow as the market stabilizes and a measure of affordability hits a four-year-high. An analysis by Zillow projects that multifamily rental prices are expected to remain relatively flat through the end…
Editor's Pick
