Powell acknowledges labor market slowdown but rejects fears of steep decline
Federal Reserve Chair Jerome Powell outlined how the central bank is viewing the labor market after it cut interest rates last...
Economy
US added 64K jobs in November after losing 105K in October, delayed report shows
The U.S. economy added jobs in November as economic uncertainty continued to dampen activity in the labor market. The Labor...
Scott Bessent says real affordability relief, ‘substantial drop’ in inflation coming soon
Cautioning that families are still feeling the sting of Biden-era inflation, U.S. Treasury Secretary Scott Bessent indicated that Americans can...
iRobot co-founder says FTC’s opposition to Amazon deal was ‘wrong-minded’ following bankruptcy filing
iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday and is pursuing a buyout from...
FDA announces recall of frozen dessert pints over possible ‘small stones’
A voluntary recall has been issued for pints of a non-dairy frozen dessert over the potential presence of small stones...
PayPal plans to launch bank serving small businesses around the US
PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial loan company to support small...
Inflation remained elevated in November as Fed considers pausing interest rate cuts
Inflation remained elevated in November at a level well above the Federal Reserve's target rate as policymakers weigh potential interest...
Labor secretary downplays warning signs, insists job market is ‘strengthening’ despite rising unemployment
Labor Secretary Lori Chavez-DeRemer insisted the job market is strengthening despite new signs of economic softness, even as unemployment rose...
Americans surge toward financial resolutions for 2026 amid household budget concerns
More Americans are considering making financial resolutions as they approach the new year with a focus on short-term savings goals, according...
Trump economist predicts ‘biggest refund cycle ever,’ massive checks ahead
A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher...
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Federal Reserve leaves key interest rate unchanged amid uncertainty over economy, inflation
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