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Economy

Economy

Inflation stock image

Fed's key inflation measure shows highest jump since October 2023

By Kevin Killough

Economy

Image
Elon Musk

As SpaceX shares drop, Elon Musk loses trillionaire status

Shares of SpaceX were down to $155 on Wednesday, and Musk was $6 billion poorer than he'd been when SpaceX debuted earlier this month.

Economy

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A trader at the NYSE, Aug. 26, 2022

Tech selloff sends stock futures tumbling as concerns over AI buildout costs mount

The tech-heavy Nasdaq100 fell more than 2% on Tuesday. In premarket trading, Alphabet, Nvidia and Oracle were considerably lower.

Economy

Image
The Federal Reserve building.

Despite a new chairman and shorter statements, the Fed has stopped talking interest rate cuts

Fed may be leaning toward increasing rates.

Jobless claims fall to lowest since September

Is unchecked federal spending impacting the American dream?

JP Morgan CEO: Bank failure is okay as long as it doesn’t cause a “domino effect”

Kevin McCarthy says he and Biden have not reached agreement on debt ceiling

Walgreens set to shutter 450 stores amid drop in consumer spending and COVID vaccine demand

Tommy Pigott: Costs are surging and wages are plummeting under ‘Bidenomics’

HHS looks to use technology and innovation to solve need for strategic pharmaceutical reserves

Well-know auction house announces market to younger demographic

White House affirms the Fed is creating the 'kind of economy that delivers for working families'

Potential freight rail strike could drive up the price of goods

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