The weaker-than-expected July jobs report and large downward revisions to the prior two months’ job gains could signal that the U.S. economy is at a turning point, as Federal Reserve policymakers continue to monitor economic conditions and weigh interest rate cuts. Fed Governor Lisa Cook spoke on a panel with Boston…
Transportation services company Penske is calling the use of its rental trucks during a Department of Homeland Security (DHS) operation in Los Angeles “improper” following a raid at an LA-area Home Depot. Penske addressed the situation after federal agents were seen in their vehicles during the Wednesday incident that resulted…
Credit bureaus were supposed to start incorporating buy now, pay later (BNPL) data into credit scores given how the payment method has surged in popularity, but several of the firms issuing these short-term loans are refusing to share their data for now. Major players in the BNPL space, including Klarna…
President Donald Trump’s higher import taxes on dozens of countries went into effect on Thursday, just as the economic impact of his earlier tariffs had started to show visible harm to the U.S. economy. The new broad tariffs went into effect just after midnight on Thursday, going as high as…
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Markets are increasingly pricing in the chances of the Federal Reserve cutting interest rates at its next meeting in September following…
Despite the whiplash of President Donald Trump’s tariffs, trade uncertainty and day-to-day market swings, investors are pouring money into exchange-traded…
On Monday, Tesla granted CEO Elon Musk a new $29 billion pay deal aimed at keeping the billionaire entrepreneur at the…
Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level. Ticker…
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The Trump administration’s effort to modernize federal payment systems is coming to Social Security, which will start phasing out paper Social Security checks. The Social Security Administration (SSA) announced in mid-July that it would no longer issue paper checks starting on Sept. 30. The agency noted in a…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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President Trump said the United States has “pretty much” reached a deal for a company to acquire the U.S. assets of TikTok and plans to begin talks with China this week. “I think we’re going to start Monday or Tuesday … talking to China, perhaps President Xi or one of…
Atlanta Federal Reserve President Raphael Bostic warned Thursday that he believes tariffs are likely to cause a prolonged stretch of inflation as opposed to a one-time spike in costs. Rather than “a short and simple one-time shift in prices, as standard textbook models would suggest,” Bostic said he expects changes…
NASHVILLE, Tenn. – The fireworks industry is expecting to get by this Fourth of July holiday, but trade tensions with China have some worried that sales leading up to America’s 250th birthday in 2026 could be a bust. Pyrotechnicians and firework distributors have held out hope that the fireworks will…
Congress officially passed President Donald Trump’s “big, beautiful bill,” and billionaire Ray Dalio is warning about the possible economic consequences, which could include spending cuts, major tax increases and massive money printing. “Unless this path is soon rectified to bring the budget deficit from roughly 7% of [gross domestic product]…
The U.S. targeted Iran’s “shadow fleet” and an Iraq-Iran oil smuggling network with sanctions Friday in a bid to disrupt Tehran’s “access to the financial resources that fuel its destabilizing activities,” Treasury Secretary Scott Bessent announced. The Treasury Department said it is “taking action against networks that have collectively transported…
close video Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.67% from last week’s reading of…
The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy. The Labor Department on Thursday reported that employers added 147,000 jobs in June. That figure was above the estimate of economists polled by LSEG, who…
A new report suggests that the Trump administration’s tariff policies are weighing on e-commerce as consumers have reconsidered how they go about making purchases. A report by AlixPartners found that tariffs are influencing consumers who are trying to time their online shopping purchases to avoid the impact of tariffs, with a similar number…
Canned-food giant Del Monte Foods filed for bankruptcy on Tuesday, the company announced in a statement. Del Monte Foods began voluntary Chapter 11 proceedings and entered into a restructuring support agreement with a group of its lenders, they said. “This is a strategic step forward for Del Monte Foods,” CEO Greg Longstreet said in…
Waffle House dropped a 50-cent per egg surcharge this week as prices of the popular breakfast food have stabilized. The chain announced the “egg-cellent news” on X, writing in a post that “the egg surcharge is officially off the menu” and thanking its customers for understanding. The egg surcharge went into…
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