Economy

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Federal Reserve slashing rates ahead of Election Day would likely just superficially boost US wallets: experts

The Federal Reserve is anticipated to slash interest rates this year ahead of Election Day,…

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San Francisco proposal would require grocery stores to give 6 months notice before closing

A San Francisco lawmaker introduced a proposal that would require grocery stores in the city…

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99 Cents Only dollar store chain closing all locations nationwide

One of the nation's major dollar store chains is shutting down the vast majority of…

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Larry Summers predicts AI threatens robust US job growth

The U.S. labor market continues to hum along after remaining historically tight for the past…

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Mortgage rates rise as demand continues to slide

Mortgage rates increased slightly this week as demand continues to wane amid the ongoing housing…

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February inflation report expected to show another ‘strong’ monthly increase

A closely watched inflation report due Tuesday is expected to show that progress in fighting…

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Domestic oil production currently thrives, but the Biden administration fights it

Despite the Biden administration's aggressive green energy push, the U.S. still leads the world in…

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401(k) ‘hardship’ withdrawals surge to another record as high inflation stings

A record-breaking number of Americans are making emergency withdrawals from their 401(k) retirement plans in…

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Florida man wearing Amazon vest seen swapping package with empty box

A Florida homeowner shared surveillance video of a man in an Amazon vest replacing a…

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Wholesale inflation unexpectedly accelerates to highest level since September

Inflation at the wholesale level rose much more than expected in February, the latest sign…

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