Federal investigators are examining a crash in which two Amazon Prime Air delivery drones struck a construction crane in Tolleson, Arizona, a city west of Phoenix, on Wednesday. Tolleson police said the morning crash occurred in a commercial area near 96th Avenue and Roosevelt Street, according to FOX 10 Phoenix.The…
The ongoing partial government shutdown prevented the Labor Department from releasing the anticipated September jobs report as scheduled on Friday, causing economic data watchers to turn their attention to alternative sources to gauge labor market conditions. The Bureau of Labor Statistics’ September jobs report was expected to show the economy added…
Mortgage rates have climbed for the second straight week, despite the Federal Reserve delivering its first interest rate cut in nearly a year, underscoring that a range of factors influence borrowing costs. Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed mortgage rose to 6.34%, up…
Cracker Barrel is ending its partnership with Prophet, the consulting firm behind its failed rebrand. The chain faced intense backlash after unveiling a new logo and redesigned stores that longtime fans said stripped away what they loved most about the brand.Cracker Barrel’s restaurants, long known for their kitschy Americana décor,…
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A listeria outbreak affecting certain recalled prepared meals sold at Trader Joe’s and Walmart has led to four deaths as well…
Boeing is reportedly developing a new single-aisle airplane that will eventually replace its 737 Max aircraft, which has faced a…
A listeria outbreak affecting certain recalled frozen meals sold at Trader Joe’s and Walmart has led to four deaths as well…
German aviation group Lufthansa is cutting 4,000 administrative jobs over the next five years as it seeks to raise profitability…
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Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for steak and ground beef. The Bureau of Labor Statistics’ consumer price index report…
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Apple on Tuesday kicked off an event featuring the unveiling of a new lineup of iPhones headlined by a new thinner smartphone as the tech giant explores new design features. Apple’s new thinner smartphone offering is known as the iPhone Air and is expected to be in the middle of the…
The Labor Department on Tuesday published the preliminary estimate of its annual benchmark revision to nonfarm payrolls, which showed the U.S. economy added significantly fewer jobs than previously reported. The Bureau of Labor Statistics (BLS) published its first estimate of the annual benchmark revision, which lowered its estimate of employment by…
The Federal Reserve Bank of New York on Monday released new data that showed American households are increasingly pessimistic about finding a new job if they lose their current job. It is the lowest level since the New York Fed began collecting data for the series in June 2013. The New York…
The United Auto Workers (UAW) labor union is condemning Hyundai for what it calls a “disgraceful record on worker safety” following an immigration raid at an electric car battery factory in Georgia. Most of the 475 people detained on Sept. 4 under suspicion of being in the United States illegally –…
A faith-based investment firm partnered with S&P Dow Jones Indices to create a new index and exchange traded fund (ETF) that will cater to evangelical Christian investors. Bountiful Financial and S&P Dow Jones collaborated to create the S&P 500 Christian Values Screened Index, which the firms announced as the first in…
Home prices are rising, which is boosting American homeowners’ net worth – though those gains may be eroded by stubbornly high inflation. Data from Realtor.com showed that median home listing prices were up 0.5% in July from a year ago, though the outlet noted in a report that inflation has…
People living in a Midwest city known for its natural beauty and outdoor recreation are sounding the alarm on a proposed data center with a price tag of $1.6 billion. More than 300 acres of farmland in Menomonie, Wisconsin, has already been annexed and rezoned by the city council, but…
National Economic Council Director Kevin Hassett said on Sunday that the Federal Reserve’s monetary policy decisions shouldn’t be subject to political influence amid the Trump administration’s calls for the central bank to cut interest rates. Hassett appeared on CBS News’ “Face the Nation,” where host Margaret Brennan cited a CBS poll…
The Bank of America Institute reported that the firm’s data signaled a slowdown in hiring by small businesses as tariff payments by firms that import goods have surged. The report found that small businesses’ payments to hiring firms fell for the third straight month in July, according to Bank of America’s proprietary…
Things have never been better for the U.S. crypto industry, and the Winklevoss twins, Tyler and Cameron, have a roadmap to keep it that way after donating $21 million in bitcoin to the Digital Freedom Fund PAC, which supports pro-crypto candidates. “The midterms are critical to keeping the American…
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