Economy
Image
Unemployment applications fell to 226,000 last week, layoffs historically low: Labor Department
US unemployment benefits applications fell to 226,000 last week, with layoffs remaining historically low, offering a real-time indicator of how the labor market is doing
Image
Average gas prices drop below $4 in wake of Iran deal
The development is good news for President Donald Trump, whose approval ratings have fallen substantially amid the Iran war and the ensuing economic tumult.
Image
Federal Reserve holds interest rates steady in Warsh's first meeting as chair
Wholesale business inflation was over 6% in May and overall consumer inflation was over 4%, stemming from the economic pressure of the war in Iran.
Image
Inflation ticks up for first time in a year after president’s Bidenomics victory tour
Some of the biggest increases in prices were seen in the categories of food away from home, shelter and transportation, the latest report showed.
Image
Bidenomics? Recession concerns revive as deficit swells, U.S. debt exceeds $253K per taxpayer
America is reportedly on track to exceed $50 trillion in debt by 2033.
Image
Fitch downgrade follows years of warnings about growing federal debt
The federal government's own agencies have repeatedly raised concerns about federal spending and debt.
Image
Major trucking corporation with 30,000 workers files for bankruptcy
The trucking giant, Yellow Corp., had been financially struggling for years leading up to the filing
Image
Americans increasingly fear they will never be able to retire
Most unretired Americans, however, still see retirement as the goal, with 63% saying they expect to feel better upon retirement while 80% indicated that the prospect of a good retirement is the reason to work hard as an adult.
Image
US economy adds 187,000 jobs in July, unemployment rate falls to 3.5%, report
Some of the job gains occurred in trade, healthcare and social assistance
Image
Voters sour on Biden economy, despite admin touting 'Bidenomics'
Forty-one percent of Americans approved of Biden's overall performance.
Image
Less work for more pay? Auto union calls for 32-hour work week and double-digit raises
Demands for fewer hours have been rampant in the US, but UAW's insistence comes with a significant price tag.
Image
Americans without college degrees earned more when immigration dipped under Trump, study found
College enrollment is dropping, creating a larger class of workers without degrees.
Image
Gas prices hit 8-month high
Prices are still down from the June 2022 high of $5.016 per gallon, however.