US economy unexpectedly shed jobs in July
The Labor Department released the July 2026 jobs report, which showed the U.S. economy shed jobs unexpectedly last month amid uncertainty over inflation.
Mortgage rates hit highest level in over a year
The average rate on a 30-year fixed mortgage rose this week to 6.69%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.
Fed's Kashkari says central bank should raise interest rates now to avoid 'entrenched inflation problem'
Neel Kashkari says corporate earnings and a resilient labor market show monetary policy isn't restrictive enough to bring inflation back to target.
Private sector added 44,000 jobs in July, below expectations, ADP says
The figure reported on Wednesday is below economists’ estimates of an increase of 70,000 jobs. The prior month's reading was revised lower to 95,000.
Oil slides as Trump delays Iran strikes, signals peace talks
West Texas Intermediate crude dropped over 6% Monday as Trump signaled a potential deal to reopen the Strait of Hormuz to global oil shipments.
Fed dissenters warn inflation could become entrenched without monetary policy tightening now
Three Fed governors dissented from the FOMC's decision to hold interest rates steady, each preferring a 25-basis-point rate hike to combat inflation.
Bessent highlights Trump economy, warns China has 'done a lot of kicking lately'
Scott Bessent warns China has been "kicking" the U.S. on rare earth minerals and AI IP theft, comparing the rivalry to an underwater water polo match.
Mortgage rates rise to 1-year high
The average rate on a 30-year fixed mortgage rose this week to 6.66%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.58%.
US economic growth slows unexpectedly in second quarter
U.S. economic growth slowed unexpectedly in the second quarter, with the Commerce Department's advance estimate showing a 1.5% annual growth rate.
Fed's favored inflation gauge showed prices pulled back in June
The Fed's favored inflation gauge eased but remained elevated in June, with PCE inflation remaining well above the Fed's 2% target.
Fed policymakers leave rates unchanged amid elevated uncertainty
Fed policymakers left interest rates unchanged at their July meeting as stubborn inflation remains well above the central bank's 2% target.
Forget gasoline: This overlooked fuel could raise the price of nearly everything you buy
Diesel prices surged from $3.56 to $5.13 per gallon since the Iran conflict began, threatening to raise the prices of groceries and everyday essentials.
Mortgage rates hit highest level in nearly a year
The 30-year fixed mortgage hit 6.58% this week, its highest level in nearly a year, as the conflict between the U.S. and Iran pushes oil prices higher.
AAA national gas price tops $4 amid renewed US strikes on Iran
The AAA national average price for regular fuel has risen past $4 again amid the United States war against the Islamic Republic of Iran.
Apple hit with lawsuit claiming iCloud+ privacy tool could expose users’ real emails to websites
Apple is facing a possible class action lawsuit over charging people for an allegedly faulty feature that is supposed to hide customers' email addresses from data brokers and online advertisers.
Costco, Amazon shoppers urged to check their kitchens after appliance recalled over shock and fire hazards
A Panasonic toaster oven sold at major retailers, including Amazon and Costco, was recalled this week over potential safety issues with its power cord.
IRS raises business mileage deduction rate amid fuel price surge
The IRS raised its standard business mileage deduction to 76 cents per mile amid surging gas prices linked to the Iran war's disruption of oil flows.
Mortgage rates jump to highest level in almost a year
The average rate on a 30-year fixed mortgage rose this week to 6.55%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.49%.
7-Eleven details plans to close 645 stores
Seven & i Holdings plans to close 200 unprofitable 7-Eleven stores while converting hundreds more to franchise locations and wholesale fuel sites.
Fed Chair Kevin Warsh says central bank has 'no tolerance' for elevated inflation
Fed Chair Kevin Warsh told lawmakers the central bank won't tolerate persistently elevated inflation and will take the steps needed to preserve price stability.



















