Federal Reserve eyes slower 2025 rate cuts
Persistent inflation and robust economic growth are said to be influencing the Fed's cautious approach.
Republicans more optimistic than Democrats about 2025 economy: poll
The unemployment rate remains strong and the stock market is on the rise, but a new poll shows Democrats are increasingly pessimistic about the U.S. economy.
Grandparents raising kids in decline due to pandemic
New data reveals that the number of grandparents raising grandchildren dropped from 7.2 million to 6.8 million.
UnitedHealth stock plunges as company faces new scrutiny after CEO shooting
UnitedHealth's stock plunged last week as some Americans reacted with indifference to the shooting of CEO Brian Thompson.
"Time to sell" US dollar, Morgan Stanley says
Morgan Stanley has advised investors that people are overly optimistic about the dollar's future value.
New York governor proposes $500 "inflation refund" checks for residents
"It's simple: the cost of living is still too damn high, and New Yorkers deserve a break," Gov. Kathy Hochul said in a news release.
30-Year mortgage rate drops to lowest level in weeks
Mortgage buyer Freddie Mac said Thursday that the rate dipped to 6.69 percent from 6.81 percent last week.
High interest rates could push Fed chief Powell into clash with Trump
Fed chief Jerome Powell may clash with President-elect Donald Trump over high borrowing costs, according to analysts.
US economic growth projected to slow over next two years
The U.S. economy is predicted to slow in growth, according to reports by the Organisation for Economic Co-operation and Development.
GM takes $5b hit to restructure struggling China ventures
GM reported a $347 million loss from these ventures between Jan. and Sept., compared with a $353 million profit during the same period in 2023.
A third of remote workers are working two jobs
A third of remote workers are working two jobs, sparking questions about how some may be multitasking while on the clock.
China strikes back in chips war by banning key material exports to US
China has banned exports of essential materials used to make semiconductors, military systems, and batteries.
Gas prices lowest in more than three years
The cost has been seen as indicative of the state of the U.S. economy, which was the main concern for voters during the presidential election.
Wall Street starts December near record highs as tech and retail lead gains
Market reactions from Black Friday weekend as retailers like Amazon win big.
Former Democrat congressman calls for 'rebranding' of 'toxic' party
Tim Ryan told MSNBC on Saturday that the Democratic party needs a "complete reboot" geared toward the working class.
Republicans expected to spend more than Democrats on Black Friday: Report
People who voted for Trump had an overwhelmingly positive economic outlook while those who supported Harris had a more negative economic outlook.
Despite online surge, Black Friday remains key for in-store sales
Stores are seizing upon the whims of impulse buyers after years of inflationary hurdles.
Asian shares diverge amid US market losses
U.S. markets experienced declines due to losses in major technology stocks like Nvidia and Microsoft.
US economy posts solid 2.8 percent growth in Q3, consumer spending leads
Despite easing inflation, prices remain about 20 percent higher than in early 2021.
Big tech losses pull US stock market down as inflation gauge ticks higher
Big tech losses pull US stock market down as inflation gauge ticks higher on Wednesday.
US applications for jobless benefits continue to remain near 7-month lows
The total number of Americans receiving unemployment benefits climbed by 9,000 to 1.91 million for the week ending November 16.
Americans change their tune on economy
Gallup's first poll since the Republican sweep of the 2024 election found Americans are more confident about the economy.
America's Marriage Gap Was on Full Display in 2024 Election | Opinion
To reverse rising income inequality, the disintegration of civil society, and falling birth rates—all rooted in the decline of marriage—we must change course on public policy.
US consumer confidence improves as less Americans anticipate a recession
According to the Conference Board's latest report, US consumer confidence improves as less Americans anticipate a recession.
Bath & Body Works surpasses Q3 estimates, raises 2025 outlook
CEO Gina Boswell attributed the company's success to its "agile business model and predominantly U.S.-based supply chain."
Macy's delays Q3 earnings after employee hid up to $154m in expenses
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
Global markets rise as Trump taps Scott Bessent for Treasury role
Bessent's nomination as Treasury Secretary has garnered attention due to his history with businessman George Soros.
Shoppers struggling with inflation being "selective" ahead of Black Friday
Shoppers are spending more this holiday season "but remain selective and are looking for discounts," investment bank Morgan Stanley said.
Las Vegas Grand Prix cuts (some of) the glitz to focus on F1 racing
Some of the event's more lavish elements have been cut down after a debut famously despised by winner Max Verstappen.
US applications for jobless benefits remain near 7-month lows
Jobless claims dropped by 6,000 to 213,000 for the week ending November 16, the Labor Department reported.