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Economy
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
The Federal Reserve on Wednesday held interest rates steady at the highest level in more…
Inflation measure closely watched by the Fed rises 2.6% in May
An inflation measure closely watched by the Federal Reserve held steady in May as elevated…
Jobs report is a boom for migrants, slump for Americans
The new August jobs report shows employment numbers of U.S.-born workers and foreign-born workers going…
Mega Millions jackpot grows to $800 million after no grand prize winner
The Mega Millions jackpot jumped to an estimated $800 million after no tickets matched the…
August jobs report breakdown: Which industries hired the most workers?
Job growth ticked up in August even though it fell short of economists' expectations as…
Mortgage rates stall as home sales remain ‘lackluster’
Long-term mortgage rates remained unmoved this week while shorter notes fell some, but did little…
Volvo reverses goal to make only EVs in 2030
Volvo on Wednesday announced that it's dropping its goal of making only electric vehicles by…
Cathay Pacific grounds planes after finding 15 with faulty parts
Cathay Pacific, Hong Kong's flagship airline, has grounded most of its Airbus A350-1000 fleet and…
Smokers under 30 must show ID to purchase tobacco products, FDA says
The U.S. Food and Drug Administration announced that people who appear under 30 will now…
Pay for new hires is falling in some blue-collar jobs
Some jobs just don't pay what they used to. Data from ZipRecruiter shows the wages…
Mega Millions jackpot balloons to $681 million after no grand prize winner
The Mega Millions jackpot rose to an estimated $681 million after no tickets matched the…
Cash in money market accounts at record level as rate cuts loom
The amount of cash held by investors in money market accounts reached a record level…
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