US economy adds 165,000 jobs in October, blowing past expectations
The Labor Department released the October 2026 jobs report on Friday which showed employers added 165,000 jobs amid economic uncertainty.
Private sector added 86,000 jobs in October, above expectations, ADP says
The figure reported on Wednesday is above economists’ estimates of an increase of 69,000 jobs. The prior month's reading was revised lower to 86,000.
Affordability takes center stage as Americans cast their ballots in high-stakes midterms
High prices for gasoline and other goods are key issues for midterm voters, with six in 10 Americans citing the cost of living as their chief concern.
Billionaire tax puts California’s economic future before midterm voters
The Golden State's Proposition 40 billionaire tax could raise far less than $100 billion as wealthy residents flee California before the vote.
Oil giants post billions in profits as Americans feel pain at the pump
ExxonMobil and Chevron posted massive quarterly profits as Middle East and Russia-Ukraine conflicts drove gas prices up 34.2% year over year.
Fed’s preferred inflation gauge rose in September as third-quarter GDP beats expectations
The Commerce Department released the Federal Reserve's preferred inflation gauge, which showed inflation trended higher in September, as third-quarter GDP rose more than expected.
Federal Reserve makes interest rate decision ahead of midterms
Federal Reserve policymakers left interest rates unchanged at their October meeting ahead of next week's midterm elections while inflation remains elevated.
Federal Reserve expected to hold interest rates steady in last decision before midterm elections
With midterm elections days away, the Federal Reserve faces a high bar for an October rate hike despite hotter-than-expected September CPI data.
Explosion, fire blast through Iowa Quaker Oats plant
An apparent explosion at the Quaker Oats plant in Cedar Rapids sent thick black smoke over downtown Iowa as firefighters battled the massive blaze.
Homebuyers get an advantage in dozens of US cities — but pay a steep price
Realtor.com's market clock shifted one hour toward buyers as rising mortgage rates above 7% boost inventory and prompt sellers to offer price cuts.
United CEO silent on $32M compensation after calling wealth gap a 'danger'
United CEO Scott Kirby stays mum on his $32 million compensation package after warning wealth inequality threatens society and calling for a national wealth tax and steep inheritance taxes.
Trump announces $8B bailout for farmers to cover diesel cost surge amid attacks on global supply
President Donald Trump announced the $8 billion Harvest Fuel Relief program at a Kansas rally to offset rising diesel costs for farmers during harvest season.
Treasury shows off new Trump dollar coin, urges Americans to spend it at liberal coffee shops
U.S. Treasurer Brandon Beach challenged Americans to use the new Trump dollar coins at liberal coffee shops in a Treasury Department TikTok video.
White House economic chief reveals why Americans aren't feeling optimistic about economy
White House advisor Kevin Hassett says rising energy costs contributed to disappointing inflation data, while bank executives report that consumers continue to spend.
Consumer inflation rose faster than expected in September, CPI report shows
The Labor Department released the latest consumer price index data for September which showed CPI inflation rose further from the Fed's target for the month.
Bank of America hit with $1.2B in penalties over money laundering compliance failures
The Treasury Department announced approximately $1.21 billion in penalties against Bank of America over failures to investigate suspicious transactions and comply with U.S. sanctions laws
The housing market could finally become affordable again. Here's what it would take
A new analysis reveals housing costs could normalize within five years if mortgage rates fall to 6%, but some metro areas may wait a decade or more.
Trucking industry hit by string of bankruptcy filings as diesel costs surge
At least eight transportation-related companies sought Chapter 11 protection in September as the trucking industry grapples with higher fuel costs.
Mortgage rates surge to highest level since 2023 as bond yields spike
The average rate on a 30-year fixed mortgage rose this week to 7.28%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 7.03%.
Mortgage rates rise for seventh straight week, squeezing homebuyers
The average rate on a 30-year fixed mortgage rose this week to 7.4%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 7.28%.