Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scamsJuly 4, 2025
Iran mulls closing the Strait of Hormuz as retaliation: How it could affect global shipping, economyJuly 4, 2025
Job seekers in limbo as long-term unemployment persists Economy June 25, 2025 The U.S. labor market is in a holding pattern with relatively low unemployment, but a slower pace of hiring has caused…
Trump calls on ‘Too Late’ Powell to lower interest rates after dismal ADP jobs report Economy June 23, 2025 President Donald Trump on Wednesday called on Federal Reserve Chairman Jerome Powell to lower interest rates after ADP reported weak…
Trump spending bill to cut taxes by $3.7T, add $2.4T to deficit, CBO says Economy June 22, 2025 President Donald Trump’s “big, beautiful bill” would cut taxes by $3.7 trillion while raising deficits by $2.4 trillion over a…
Amazon to invest $10B in North Carolina for AI data centers Economy June 21, 2025 Amazon is investing $10 billion to create data centers in North Carolina aimed at expanding its artificial intelligence and cloud…
Over 300 economists urge Trump, GOP leaders to extend tax cuts before massive tax hike hits Americans Economy June 20, 2025 A group of more than 300 economists on Thursday sent a letter to President Donald Trump and Republican leaders in Congress…
ECB cuts rates as bets build on a summer pause Economy June 19, 2025 The European Central Bank (ECB) cut interest rates as expected on Thursday and kept all options on the table for…
Mortgage rates drop for first time in weeks, still hover near 7% Economy June 18, 2025 Mortgage rates declined for the first time in weeks, though they are still hovering near 7%, mortgage buyer Freddie Mac…
US layoffs spike nearly 50% as DOGE-driven cuts take center stage Economy June 17, 2025 Layoffs of U.S. workers were nearly 50% higher in May than they were a year ago, with reductions attributed to…
German chancellor hopes US will bring down tariffs, says ‘best thing for mutual wealth’ is open markets Economy June 16, 2025 German Chancellor Friedrich Merz said President Donald Trump’s tariffs are threatening his economy, adding that he believes free trade and…
Job growth continued to slow in May amid economic uncertainty Economy June 15, 2025 The U.S. economy added jobs in May at a slower pace than in the past two months as uncertainty over…