Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'
Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.
Dow drops 1K points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Study ranks US states with most financially-distressed residents
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.
Federal Reserve sees progress with inflation, hinting that a rate cut is near
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
US national debt tops $35 trillion, hitting new record
The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.
US economic growth increased last quarter to a healthy 2.8% annual rate
The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.
Bosses admit that return-to-office mandates were meant to make staff quit
Bosses implemented return-to-office mandates hoping their workers would quit
Great Resignation 2.0 could be on the horizon, with 3 in 10 workers planning to quit in 2024, survey shows
Low pay, desire for better benefits and search for less stressful work are some reasons behind the shift.
Social Security just announced a change for millions of beneficiaries
Millions of Social Security recipients must switch to a new Login.gov portal to continue accessing their online account information, as announced by the Social Security Administration.
California family's $444 receipt from Trader Joe's goes viral on social media: 'Insane'
The $444 grocery haul feeds a family of 8 for around 10 days, the video claims.
U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.
John Deere announces mass layoffs in Midwest amid production shift to Mexico
John Deere is reportedly slashing positions for hundreds of employees in the Midwest by the end of summer.
Fed holds interest rates steady, projects just one cut this year
The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.
Here's who's hiring teens this summer – and which jobs pay the best
Young workers account for about a third of all new hires each June. Here's which jobs hire the most teens – and which ones pay the most.
Majority of employment growth since COVID-19 goes to immigrants, report finds
A report finds that immigrants accounted for most of U.S. job growth since 2019, while employment growth for U.S.-born workers declined.
22% of retirement-age Americans are still working; these states have the most
Despite the number of Americans who are 65 and older decreasing from 2022 to 2024, it’s still double what it used to be almost 40 years ago.
States with the best and worst economies in 2024
Where did your state rank in WalletHub’s list of the best and worst economies?
Orange juice makers consider using alternative fruit as prices skyrocket
Orange juice makers are getting squeezed by high prices
Bass Pro Shops' CEO says brand will focus on affordability amid Inflation
Johnny Morris, CEO and founder of Bass Pro Shops, says inflation is 'very real,' and brand will focus on affordability.
Biden releasing 1M oil barrels to combat summer gas prices
In an effort to lower gas prices ahead of the busy summer travel season, the Biden administration announced the release of 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy.