US economy grew 3% in the second quarter, in line with expectations
The U.S. economy grew at a 3% rate in the second quarter, in line with economists' expectations, according to the latest data from the Bureau of Economic Analysis.
American families continue to struggle to provide essentials in ongoing diaper crisis
Diaper banks are bridging the gap for families across the U.S. providing essentials such as dozens of diapers per week as some families struggle to pay for them.
Potential port strikes send ripple effects through supply chain, threaten inflation
U.S. rapidly approaching deadline for a new labor contract for dockworkers at three dozen ports. If a deal isn't reached, all of the workers were told to stop working.
Fed governor explains dissent from 50 basis point rate cut
Federal Reserve Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 basis points, saying she would have preferred a smaller cut.
Fed's Powell: policymakers noted 'artificially high' jobs data, revisions in rate cut decision
Federal Reserve Chair Jerome Powell noted that policymakers weighed recent downward revisions to employment figures when assessing the health of the labor market ahead of their rate cut decision.
Fed cuts interest rates for first time in 4 years – here's what that means for your wallet
The Federal Reserve cut interest rates, signaling that it has won the fight against inflation.
Federal Reserve cuts interest rates by half-point; first rate reduction in four years
The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal.
Port strikes could have 'devastating' impact to economy, retail trade group says
There are looming port strikes on the East Coast and Gulf of Mexico that could deal a blow to retailers during the most critical time of year: the holiday shopping season.
Home Depot to pay nearly $2M penalty for allegedly overcharging customers
Home Depot is being ordered to pay a fine to settle claims that it was charging customers more than advertised for some products. It's called a "scanner violation."
Lyft unveils feature to help riders avoid surge pricing
Rideshare giant Lyft launched a feature to curb surge pricing for commuters. Both Lyft and Uber are aiming to boost driver supply to lower surge pricing.
CEO of JPMorgan warns US of economic fate worse than recession: 'The worst outcome'
JPMorgan Chase CEO Jamie Dimon believes the "worst possible outcome" for America's economy is stagflation, where inflation rises but growth falters.
Where is inflation the highest? Chicago and New York rank near the top
Americans in different parts of the country are experiencing vastly different inflation rates as the U.S. economy as a whole sees the pace of price growth cooling off.
Former Wall Street trader, a 9/11 survivor, joins TSA after terror attacks: 'It's not a job. It's a mission'
After the 9/11 terror attacks, a Wall Street trader decided to change the course of his career. He joined the Transportation Security Administration to keep America safe.
Inflation rises 2.5% in August, less than expected
Inflation declined in August to the lowest level since 2021, as prices rose 2.5% from last year. The data boosts the Federal Reserve's case for an interest rate cut next week.
Small business confidence dipped in August amid rising election uncertainty
Confidence among U.S. small business owners fell in August, wiping out gains in July, as persistent inflation and rising uncertainty ahead of November's election weigh on optimism.
Southwest Chair Gary Kelly to step down amid activist pressure
Southwest Airlines Executive Chairman and former CEO Gary Kelly announced his intention to retire after the carrier's annual meeting next year amid activist investor pressure.
Which industries hired the most workers in August?
The U.S. Department of Labor's payroll report for August found that job losses in the manufacturing and retail sectors partially offset gains that were led by construction and health care.
US economy added 142,000 jobs in August, missing expectations
The U.S. Department of Labor reported that U.S. employers added 142,000 jobs in August, missing economists' expectations, while the unemployment rate ticked down slightly to 4.2%.
Private sector job growth cools to 99,000 in August, well below estimate: ADP
Job growth in the private sector was slower than expected in August, as ADP's report showed a gain of 99,000 jobs, fewer than the 145,000 expected by economists.
US is shifting from 'degree-centric economy to a skill-centric economy,' experts say
Experts argue that traditional four-year degrees might not be as valuable in the future as they once were, due to the changing job market environment.


















