Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) next year amid rising inflation, according to new reports. An analysis by The Senior Citizens League (TSCL) predicts that the 2027 COLA will be 3.9%, which would represent an increase of 1.1 percentage points from this year’s 2.8%…
This is a developing story about the April 2026 CPI inflation report and will be updated with more details. Inflation surged in April as consumer prices rose amid the impact of the Iran war on the energy market and broader economy.The Bureau of Labor Statistics on Tuesday said that the consumer…
President Donald Trump is set to travel to China this week for a summit with Chinese President Xi Jinping that comes as the relationship between the world’s two largest economies is disrupted by ongoing trade disputes and emerging technology. Trump’s meeting with Xi in Beijing on May 14-15 comes amid…
Amazon is rolling out 30-minute delivery across dozens of U.S. cities, marking its fastest shipping option yet as the retail giant continues to accelerate its push into ultra-fast fulfillment. The new service, called Amazon Now, will deliver thousands of items — including groceries, household essentials and electronics — to customers’…
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Discount retailer Burlington is planning to open more than two dozen stores in 20 states this month as the company…
New Disney CEO Josh D’Amaro outlined a new growth strategy for the entertainment giant as the company announced its quarterly…
A lawyer for Spirit Airlines said Tuesday that the surge in jet fuel prices left the company with “no remaining…
Gary Shilling, the legendary forecaster known for his bearish accuracy and being fired from Merrill Lynch for predicting the 1969-70…
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The slowing labor market is posing a challenge to recent college graduates looking to begin their careers, with many new graduates finding work in Southern cities. A study by ADP using anonymized data to compare the 53 largest metro areas in the U.S. based on…
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Kevin Warsh is set to testify on Tuesday about his nomination to be chairman of the Federal Reserve, with senators likely to press him on his views of the Fed’s 2% inflation target given the persistent price pressures affecting the U.S. economy since the pandemic. The 56-year-old Warsh, who served…
As President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh is stepping back into the spotlight – and in the hot seat – as he faces lawmakers Tuesday in a high-stakes confirmation hearing that could shape the future of U.S. monetary policy. Trump announced Warsh to succeed Jerome…
Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained…
Most investors have heard that investing in the S&P 500 is one of the best ways to create long-term wealth. It’s probably the default option in their workplace retirement plan. Even a lot of self-directed investors will put their money in the Vanguard S&P 500 ETF or the iShares Core…
California’s housing market is seeing an increase in inventory while the state’s population growth slows, but strong demand stemming from longstanding scarcity has kept the market tight. An analysis by the Public Policy Institute of California (PPIC) found that the state added 677,000 housing units over a six-year period in…
A bold merger proposal from United CEO Scott Kirby to President Donald Trump has left American Airlines’ CEO Robert Isom in the crosshairs, with analysts predicting the board may oust him in response to the potential industry shakeup. Kirby reportedly lobbied Trump for his blessing on a merger that has fueled…
Businesses can begin filing for tariff refunds on Monday as the federal government starts unwinding billions of dollars in import duties imposed by the Trump administration under emergency powers, opening the door to what could be one of the largest repayments to importers in U.S. history. At 8 p.m. ET…
A recall affecting more than 400,000 power banks has been reissued after federal regulators reported additional incidents, including a fatal fire and a separate onboard airplane fire. About 429,000 Casely Power Banks 5000mAh portable MagSafe compatible wireless chargers are included in the recall announced last week due to fire and…
The parent company behind well-known shopping channels QVC and HSN has filed for Chapter 11 bankruptcy. QVC Group, which filed in the U.S. Bankruptcy Court for the Southern District of Texas, announced the filing in a press release Thursday, saying the company will undergo a restructuring support agreement (RSA)…
A Kansas-based restaurant group with several steak and seafood locations in Kansas, Missouri, Minnesota, Colorado, Virginia, Nebraska and Iowa, has filed for bankruptcy. 801 Restaurant Group LLC filed for Chapter 11 reorganization last Friday in U.S. Bankruptcy Court in Kansas, the company confirmed to Fox Business.801 Restaurant Group owns several…
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