This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in February as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a…
Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, 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 declined to 6.37% from last week’s reading of…
Amazon is signaling a major shift in how it plans to serve customers, starting with rewriting parts of its own playbook. CEO Andy Jassy released his annual letter to shareholders on Thursday, writing that the tech giant is not content to simply add artificial intelligence features to its existing retail…
Americans are facing a tale of two grocery lists. While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.Fourteen of the 25 most common grocery store staples…
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Oracle on Monday announced it hired a new chief financial officer after the software giant moved forward with layoffs last…
Tech giant Meta is planning to move forward with laying off about 200 employees in the San Francisco Bay Area.…
As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department of Energy is tapping further…
General Motors is planning to ramp up production of heavy-duty pickup trucks in Michigan this summer amid strong demand for…
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JPMorgan Chase CEO Jamie Dimon warned that New York City and other cities with high taxes and regulatory burdens run the risk of losing businesses and workers to locales with more hospitable business climates. Dimon released his annual letter to shareholders on Monday in conjunction…
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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…
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…
The war in Iran is pushing oil and gas prices higher, and while the world economy faces a shock from energy prices, an analysis by Goldman Sachs finds that the conflict is unlikely to lead to a broader supply chain crisis like what occurred due to the COVID-19 pandemic. Economists at…
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 U.S. flights were also reported,…
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