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Economy
America’s wealthiest households driving nearly half of consumer spending
America's wealthiest households are accounting for a growing share of consumer spending as market-driven gains in…
US GDP beats expectations with 3.3% growth in second quarter revision
The U.S. economy grew at a faster rate than previously thought in the second quarter…
Honeywell safety tech being installed across Southwest’s 737 fleet
Southwest Airlines is in the process of outfitting all of its Boeing 737 planes with…
JetZero to build $a4.7B aircraft factory in Greensboro, creating 14,500 jobs
JetZero is making a significant investment in North Carolina as the company plans to construct…
Mortgage rates fall to 6.84%: Freddie Mac
Mortgage rates declined for the first time in weeks, though they are still hovering near…
Powell’s Fed chair term ends 2026, Trump already seeking replacement: report
Federal Reserve Chair Jerome Powell has faced significant criticism from the Trump administration over the central…
Dimon warns US economy’s ‘soft landing’ could deteriorate
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions…
Vance calls Fed’s refusal to cut rates ‘monetary malpractice’
Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve…
May CPI: Inflation ticked slightly higher on an annual basis last month
Inflation increased slightly in May and remained above the Federal Reserve's target rate ahead of…
NY Fed survey shows businesses passing tariff costs to consumers via prices
The Federal Reserve Bank of New York recently released a survey that found businesses are passing…
Retail job cuts spike as major chains close stores amid economic pressure
The number of job cuts announced in the first five months of 2025 increased 80%…
Trump doubles steel tariffs to combat foreign market manipulation
President Donald Trump has now raised steel tariffs to 50% from 25%. This increase is absolutely essential…
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