Markets

Avelo Airlines is closing its Southern California operations to focus on East Coast growth, allowing affected passengers to get full refunds.

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.

Austin, Texas, stood out as the fastest-growing metro, with eight of the 10 most booming metros being located in the South, according to a new LendingTree report.

Federal Reserve Chair Jerome Powell requested an inspector general review of the central bank's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.

Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S. received more than $27 billion in customs duties in June alone.

Bitcoin reached all-time high above $123,000 as lawmakers prepare crypto regulatory bills during "Crypto Week," following Trump's pledge to make the U.S. a "bitcoin superpower."

President Donald Trump renewed his criticism of Federal Reserve policy under Jerome Powell, calling the chair a "knucklehead" and advocating for interest rates to be at less than 1%.

Economic experts say the Federal Reserve is unlikely to cut rates despite President Donald Trump's demands due to uncertainty from tariff hikes.

Federal Reserve Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the U.S. economy is "really healthy."

U.S. Postal Service implemented a 7.4% price hike including raising Forever stamps to 78 cents, as the organization works to overcome a projected $160 billion in losses.

President Donald Trump said he would hit Russia with “very severe" tariffs if President Vladimir Putin doesn’t reach a cease-fire with Ukraine in 50 days.

NYC business leaders prepare to meet socialist mayoral candidate Zohran Mamdani amid concerns about his policies, while CEOs like Jamie Dimon voice strong opposition.