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Economy
Fed cuts interest rates for second time amid signs of labor market weakness
The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers…
Bessent says US will weigh China’s failure on ‘phase one’ trade deal
Treasury Secretary Scott Bessent said Tuesday the Trump administration will take into account China's lack of…
Business groups warn government shutdown harming economy and growth
Business groups are expressing concern that the ongoing government shutdown is having negative impacts on economic…
Mortgage rates fall to 6.27%: Freddie Mac
Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said…
Trader Joe’s accused of copying Smucker’s Uncrustables sandwiches
The J.M. Smucker Co. filed a federal lawsuit Monday accusing Trader Joe’s of copying its…
Treasury Secretary warns shutdown may cost economy $15 billion per day
Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S.…
US officials target China’s ‘chokehold’ on rare earth materials trade
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer spoke on Wednesday about what…
Government shutdown delays Social Security COLA announcement to Oct. 24
The announcement of Social Security's annual inflation adjustment to benefits has been delayed due to the…
American Airlines flight turns back to LAX after fumes make passengers sick
An American Airlines jet headed for New York City had to turn back around to…
China trade freeze squeezes US soybean farmers as costs climb
Soybean farmers across the Midwest are bracing for another difficult year as trade tensions with…
Powell says labor market continues softening despite delayed jobs data
Federal Reserve Chair Jerome Powell on Tuesday said that the economy continues to see a softening…
Airports reject Homeland Security video blaming Dems for government halt
Some major airports across the U.S. are refusing to play a video featuring Homeland Security…
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