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Economy
Fed Chair Powell testifies US economy is in a ‘solid position’
Federal Reserve Chair Jerome Powell said that the economy is in a "solid position" as the…
Think venture capital is just a Silicon Valley game? Think again
Venture capital is an increasingly national industry, with investments fueling innovation and job creation in…
Walmart to cut about 1,500 jobs from corporate workforce
Walmart – the nation's largest private employer – is cutting more than 1,000 corporate jobs…
Homebuyers expect recession in next year, many see it as opportunity to purchase
A new survey finds that American homebuyers are anticipating that a recession will occur by early…
Klarna losses double as Buy Now Pay Later defaults reach 17% amid inflation
Klarna, a significant player in the buy now, pay later (BNPL) space, has faced losses…
Goldman Sachs says larger tax cut won’t offset tariff drag on economic growth
A new report by Goldman Sachs finds that while House Republicans' tax cut package that's moving…
JPMorgan’s Jamie Dimon criticizes mortgage lending rules at firm’s investor day
JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that…
DOJ abandons lawsuit against Southwest Airlines for allegedly chronic flight delays
The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays.…
What does it mean that Moody’s downgraded the United States credit rating?
Moody's Ratings on Friday announced a downgrade of the U.S. government's credit rating, moving it…
California Avocado Commission says avocado orchards face ‘catastrophic’ risk
The California Avocado Commission (CAC) is urging the Trump administration to take actions to help…
Student loan delinquencies send credit scores plummeting for millions
A 100-point drop in a credit score can be "absolutely catastrophic." It can also take…
Treasury Secretary Scott Bessent downplays Moody’s US credit downgrade
Treasury Secretary Scott Bessent downplayed the impact of Moody's downgrading the U.S. government's credit rating in…
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