The U.S. national debt reached another historic milestone on Wednesday as it surpassed $39 trillion for the first time as the federal government’s persistent budget deficits send the debt soaring higher. New data from the Treasury Department released on Wednesday showed that the gross national debt reached $39,016,762,910,245.14 as of March…
The Federal Reserve on Wednesday announced it will leave interest rates unchanged, amid a softening labor market and growing uncertainty over the war in Iran. Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank’s decision…
Dell’s workforce has fallen by 10% for a third year in a row, according to annual reports filed Monday. As of Jan. 30, the Texas-based tech giant reported a headcount of 97,000 employees, down roughly 11,000 from its previous year of 108,000. The reductions were primarily driven by cost-cutting measures, including…
American renters got some price relief in February as the national median asking rent dipped to the lowest level in four years, with some metro areas seeing notable declines. An analysis by Realtor.com found that the median asking rent for 0 to 2-bedroom properties in the 50 largest metro areas declined…
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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)…
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Egg prices have declined rapidly over the last year as the market normalizes following a significant avian flu outbreak that began in 2022, though the threat of a resurgence in the virus could lead to volatility later this year. The Bureau of Labor Statistics (BLS)…
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President Donald Trump on Friday nominated Kevin Warsh to serve as the next chairman of the Federal Reserve, setting up a confirmation process that could prove contentious as it moves through the Senate. Warsh, 55, previously served as a member of the Federal Reserve Board of Governors from 2006 to 2011…
President Trump plans to nominate economist Brett Matsumoto to head the Bureau of Labor Statistics, according to people familiar with the matter. The choice elevates a career staffer to run the federal government’s leading agency for economic statistics, which has been without a commissioner since Trump fired its previous chief…
President Donald Trump on Friday announced the nomination of Kevin Warsh to serve as the next chairman of the Federal Reserve following a lengthy deliberation process. Warsh, who previously served as a member of the Fed’s Board of Governors from 2006 to 2011, was under consideration for the chairman role when…
President Donald Trump on Friday announced that he is nominating Kevin Warsh to succeed Jerome Powell as chairman of the Federal Reserve, ending months of speculation over who he’d pick to head the central bank. “I have known Kevin for a long period of time, and have no doubt that…
Saks Global announced the majority of its Saks OFF 5TH locations across the United States will now be closing, just weeks after a bankruptcy filing. The luxury retailer said 23 of its Saks OFF 5TH stores will cease operations on Monday, Feb. 2, while another 34 will hold closing sales…
Middle-income Americans are continuing to feel financial strain and say their income is being outpaced by the rising cost of living, according to a new analysis by Primerica. The financial services firm released the latest edition of the Primerica U.S. Middle-Income Financial Security Monitor quarterly survey on Thursday, which showed…
An analysis by the Federal Reserve Bank of Kansas City found that tariffs may have slowed job growth in the U.S. economy in 2025 after the higher import taxes were implemented. Economists at the Kansas City Fed noted that employment growth slowed markedly from 170,000 per month in 2024 to only 75,000…
The Trump administration is rolling out the new “Trump Accounts” that will aim to provide children with a jump start on savings and investment that could grow into a substantial nest egg by the time they reach adulthood. Trump accounts are tax-advantaged savings accounts that the administration created through the…
Some Social Security beneficiaries will receive their monthly benefits slightly earlier than usual in February and March due to a quirk in the calendar. The Social Security Administration (SSA) ordinarily disburses payments for Supplemental Security Income (SSI) on the first day of a given month. The SSI program provides monthly payments to…
Federal Reserve Chair Jerome Powell said that policymakers are hearing that a significant segment of American consumers are still looking to “economize” their purchases and trading down as they feel the effects of stubborn inflation on their household budget. Powell spoke at a press conference Wednesday after the central bank left…
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