The Federal Reserve on Wednesday left interest rates unchanged amid mounting uncertainty over how the Iran war will impact the economy and in turn the central bank’s approach to monetary policy, raising questions over whether any rate cuts will occur this year. The Fed’s monetary policy panel, known as the Federal…
The Federal Trade Commission (FTC) issued warnings to 97 auto groups around the country, reminding them their advertised prices must be the total price, inclusive of all mandatory fees, that consumers will have to pay. The FTC said its letters encouraged auto dealers to review their advertising and pricing practices to ensure…
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…
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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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More than 1,800 flights within, into or out of the United States had been canceled as of 7 a.m. ET Monday, as a massive weather system disrupted air travel across parts of the country, according to flight-tracking site FlightAware. More than 1,200 additional delays involving…
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As millions of Americans deal with the fallout of winter storms and brace for upcoming inclement weather, households are also confronting higher heating bills this winter. Heating prices are expected to be 9.2% higher for consumers in the 2025-26 winter than they were a year ago, according to a report released…
General Motors on Tuesday announced a multibillion-dollar charge related to the realignment of its electric vehicle (EV) strategy following the release of its 2025 financial results and its guidance for 2026. GM reported that its net income attributable to stockholders was $2.7 billion with an EBIT-adjusted $12.7 billion.The Detroit automaker’s…
Amazon is closing all of its Amazon Go and Amazon Fresh locations and increasing its focus on Whole Foods Market, the company announced Tuesday. Amazon said it plans to convert some of the locations into Whole Foods Market locations. The company currently operates 57 Amazon Fresh stores and 15 Amazon…
A deadly and historic winter storm that has impacted a 2,300-mile swath of the country with snow, ice and power outages has prompted moves to ramp up power production from coal, while putting it and other fossil fuels in the spotlight as reliable energy sources amid the fierce weather. Winter Storm…
Nike is planning to cut nearly 800 jobs amid an automation push at the footwear and apparel giant’s distribution centers. The company is cutting 775 jobs that will primarily impact jobs at the retailer’s distribution centers in Tennessee and Mississippi as the company looks to automate more of its supply…
President Donald Trump on Thursday said he’s “not a huge fan” of a proposal his administration is developing that would allow prospective homebuyers withdraw from their 401(k) retirement accounts for a down payment. “I’m not a huge fan,” Trump told reporters on Air Force One while preparing to return from his…
Nvidia CEO Jensen Huang said that the build-out of infrastructure to support the artificial intelligence (AI) technology boom is boosting the salaries of construction trade workers who are involved with those projects. The Nvidia co-founder spoke at the World Economic Forum in Davos, Switzerland, and was asked by BlackRock CEO Larry Fink,…
The Food and Drug Administration announced that a recall of cookie products has been upgraded to its most serious risk category over the potential presence of undeclared peanuts. Gregory’s Foods first issued a recall last month of its 2-pound 8.5-ounce packages of “Bag Full of Cookies” White Chocolate Macadamia Nut…
Tesla CEO Elon Musk said Thursday the company is planning to make its Optimus robots available for sale to the public by the end of 2027. Musk spoke at the World Economic Forum in Davos, Switzerland, and was asked during a discussion with BlackRock CEO and interim WEF co-chair Larry Fink…
Mortgage rates ticked higher this week but remain the lowest in three years, 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 rose to 6.09% from last week’s reading of 6.06%. The average rate on…
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