Bank of America's CEO responds to weak jobs report that spurred Trump firing of BLS chief
Bank of America CEO Brian Moynihan said there must be better ways to collect employment data after President Trump fired the BLS commissioner following a weak jobs report.
In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.
Trump orders termination of labor statistics official after jobs report and downward revisions
Trump criticizes July jobs report showing only 74,000 jobs added and announces plan to fire Bureau of Labor Statistics commissioner Erika McEntarfar.
A new elite member credit card is out as issuers target wealthy customers
Major banks including Citi, JPMorgan Chase and UBS expand premium services and credit cards to attract wealthy clients with specialized offerings.
US job growth cooled in July amid growing economic uncertainty
The Labor Department released its jobs report for July which showed the U.S. economy added 73,000 jobs last month, amid uncertainty around trade and monetary policy.
Fed's favored inflation gauge shows consumer prices rose again in June
The Federal Reserve's preferred inflation gauge showed that prices increased slightly in June, as policymakers continue to monitor data for signs of tariff-induced inflation.
Fed meeting looms as Trump celebrates 3% GDP growth, pushes for rate cuts
President Donald Trump celebrated 3% GDP growth in Q2 and demanded the Fed rate cuts as the central bank is set to reveal its interest rate decision amid concerns over tariffs and inflation.
Home prices reach record high in June – these states are the most expensive
Record home prices and elevated mortgage rates keep first-time buyers out of the market, with sales declining in most regions as experts cite years of housing undersupply.
Mortgage rates inch lower this week
The average rate on the 30-year fixed mortgage fell this week to 6.74%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.75%.
Trump says he may use trade to force countries, pharma companies to buy into his most favored nation provision
Trump says he could decrease drug prices by up to 1,000%, suggesting that he might use trade leverage to compel action.
Mike Rowe reveals which essential jobs AI can't touch – and why Americans should pay attention
The construction industry needs to attract 439,000 new workers in 2025 and 499,000 in 2026 as Mike Rowe warns of implications from the skilled labor shortage.
Inflation accelerated in June as the Fed weighs the impact of tariffs in rate cut timing
The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
Mortgage rates tick higher for first time in weeks
The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.
American-born workers see significant job gains as foreign-born employment drops
The number of U.S.-born workers increased by more than 800,000 from May to June, and is also over 2 million higher than when the second Trump administration began in January.
Trump announces 25% tariffs on Japan, South Korea
The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.
Atlanta Fed's Bostic warns tariff impacts could cause prolonged inflation
Atlanta Federal Reserve President Raphael Bostic warned that effects of President Donald Trump's tariffs could cause prolonged inflation rather than a one-time price spike.
Billionaire Ray Dalio warns of 'big, painful disruptions' after Congress passes Trump's spending bill
Billionaire Ray Dalio warned of economic consequences of Congress passing Trump's spending bill, including possible spending cuts, major tax increases and money printing.
Mortgage rates fall for fifth straight week, lowest since mid-April
The average rate on the 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.77%.
Best and worst times to travel during the Fourth of July weekend
Travel on the July 4th holiday weekend is expected to hit a record with 72.2 million Americans journeying at least 50 miles from home, according to AAA.
Inside the CBO score that became ammo for both sides and nearly blew up the GOP’s flagship bill
How the CBO gets to these figures is at the center of a long-running debate in Washington, because these estimates often become the tip of the spear in partisan warfare.


















