U.S. Economy Added 147,000 Jobs in June
The U.S. economy may be slowing – the government said first-quarter growth slowed 0.5 percent – but for the moment, at least, it doesn’t seem to be affecting the...
Fed Sticking With ‘Wait-and-See’ Attitude on Interest Rates
For weeks, President Donald Trump has pushed the Federal Reserve to lower its interest rates to produce lower borrowing costs.
And for weeks, Federal Reserve Chair Jerome Powell has resisted...
GM Posts Strong Q2, First-Half Sales
General Motors announced that its U.S. sales increased 7% in the second quarter and 12% in the 2025 first half. GM led the U.S. automotive industry in total and...
Microsoft Layoffs Hit Gaming, Sales Divisions
Layoffs are continuing at Microsoft.
The tech giant is laying off thousands more workers, the second mass-layoff in the last few months and its largest in more than two years.
Multiple...
Senate OKs ‘Big, Beautiful Bill,’ Sends It Back to House
They needed a tie-breaking vote from Vice President J.D. Vance to do it, but U.S. Senators approved the "Big, Beautiful Bill" 51-50 Tuesday, sending it back to the House.
Americans Soured on U.S. Economy in June
The rise in how Americans view the U.S. economy didn’t last long.
According to the Conference Board, the way Americans see the economy dropped in June, one month after a...
Fed Chair Stands His Ground on Rate Cuts
For weeks, Federal Reseve Chair Jerome Powell has been under intense pressure from President Donald Trump and some Republican lawmakers to lower interest rates.
But despite name-calling and even a...
Commerce Department Downgrades First-Quarter Performance
First impessions can be deceiving.
The U.S. Commerce Department said this week that earlier estimates about the U.S. economy were wrong, indicating the economy actually shrank at a 0.5% annual...
Fewer Americans Seek First-Time Unemployment Benefits
The number of Americans applying for unemployment benefits fell by 10,000 last week and remain at historically low levels.
Jobless claims for the week ending June 21 dropped to 236,000,...
House Prices and Consumer Confidence Fall
House prices fell more than expected this spring. The FHFA Purchase-Only House Price Index fell 0.4% on the month in April, worse than the consensus forecast for no change....
Kroger Closing 60 Stores Around the U.S.
In what the company says is an effort to boost profits and increase efficiency, Kroger plans to close some 60 U.S. grocery stores over the next 18 months.
The Cincinnati-based...
Fed Still in Wait-And-See Mode on Rate Cuts
As universally expected, the Federal Open Market Committee held the federal funds target unchanged at the June 18 decision at a range of 4.25% to 4.50%. This marks six...
Retail Sales Drop as Consumers Pull Back on Spending
Earlier in the year, American consumers were spending money more freely in an attempt to be ready for sweeping tariffs being put in place by the White House.
Not so...
Unemployment Claims Drop to 245,000
After a couple of weeks of rising first-time unemployment claims, fewer Americans applied for assistance last week.
According to statistics released by the Labor Department, the number of U.S. workers...
Fed Leaves Key Interest Rate Unchanged
Despite pressure from the White House to cut interest rates, Federal Reserve officials decided again to leave rates where they are for now, while indicating at least a couple...
GM to Invest $4 Billion in its U.S. Manufacturing Plants
General Motors announced plans to invest about $4 billion over the next two years in its domestic manufacturing plants to increase U.S. production of both gas and electric vehicles.
The...
JetZero Building $4.7 Billion Plant in North Carolina
GREENSBORO, N.C. –– JetZero, the aerospace start-up pioneering an all-wing design airplane, joined North Carolina Governor Josh Stein, state officials and honored guests in announcing Greensboro, N.C., as the location...
Cheaper Gas, Rent Lead to Small Inflation Increase
Gas was cheaper and rent was lower last month, but the cost of groceries was up a bit, as were the prices for some imports.
All of that meant just...
Door Dash Buying Advertising Tech Firm for $175 Million
DoorDash Inc. is buying advertising tech firm Symbiosys for $175 million, bolstering an ad business that now generates more than $1 billion annually.
Symbiosys, founded by former Google ads product...
First-Time Jobless Claims Remain at 8-Month High
It was a good news-bad news week in terms of first-time filings for unemployment benefits.
The good news is the number of Americans filing for benefits didn’t increase (it stayed...
