Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'
Economist Stephen Moore urged the Federal Reserve to address falling commodity prices and shift from inflation concerns to deflation, while Fed Chairman Jerome Powell indicated a potential rate cut if inflation cools, amidst a market meltdown driven by recession fears.
Dow drops 1K points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Study ranks US states with most financially-distressed residents
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.
South Korean company 'Soulbrain' has plans to come to Taylor
South Korean manufacturing company Soulbrain is looking to call Taylor home with a new plant.
Federal Reserve sees progress with inflation, hinting that a rate cut is near
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
US national debt tops $35 trillion, hitting new record
The U.S. gross national debt hit $35,001,278,179,208.67 on Monday, according to the Treasury Department.
US economic growth increased last quarter to a healthy 2.8% annual rate
The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.
Bosses admit that return-to-office mandates were meant to make staff quit
Bosses implemented return-to-office mandates hoping their workers would quit
Apartment prices in Austin have come down, experts say
Apartment prices in the Austin area have come down significantly in the last year, and there are plenty of bargains to be had. Experts say it’s a renter’s market, meaning if your landlord is trying to raise your rent, you can likely negotiate it down.
Great Resignation 2.0 could be on the horizon, with 3 in 10 workers planning to quit in 2024, survey shows
Low pay, desire for better benefits and search for less stressful work are some reasons behind the shift.
Social Security just announced a change for millions of beneficiaries
Millions of Social Security recipients must switch to a new Login.gov portal to continue accessing their online account information, as announced by the Social Security Administration.
Evictions are rising fastest in these 5 American cities
Eviction filings are on the rise in several major cities as Americans grapple with the ongoing cost-of-living crisis and expensive rent costs.
Nearly 1 in 4 US sellers cut home prices as inventory grows, Zillow report says
A recent report finds that sellers are slashing home prices to appeal to buyers in the market for housing.
US corporate bankruptcy filings surge – here are the business types that led
The number of U.S. corporate bankruptcy filings so far in 2024 is “higher than any comparable figure in the prior 13 years," according to data from S&P Global Market Intelligence.
Inflation unexpectedly fell to 3% in June
The consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. It marked the first monthly decline since May 2020.
US home prices hit another all-time high
The median U.S. home sale price soared to $397,954 in June, which was a nearly 5% increase from the year prior, Redfin data shows.
Arizona Iced Tea co-founder vows to 'fight hard' to keep price under $1
"We’re successful. We’re debt-free. We own everything," he said. "Why have people who are having a hard time paying their rent … pay more for our drink?"
California family's $444 receipt from Trader Joe's goes viral on social media: 'Insane'
The $444 grocery haul feeds a family of 8 for around 10 days, the video claims.
U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.
John Deere announces mass layoffs in Midwest amid production shift to Mexico
John Deere is reportedly slashing positions for hundreds of employees in the Midwest by the end of summer.