Economy

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5 housing markets where home price cuts are most common right now

The housing market remains hot in much of the country, with rising prices creating affordability…

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Guzman y Gomez permanently closes all 8 US restaurants in Chicago area

Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds…

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Memorial Day grilling prices surge as beef, hot dogs and veggies cost more

Americans who are planning to grill this Memorial Day weekend are likely to see prices…

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Kevin Warsh sworn in as Fed chair at White House

Kevin Warsh was sworn in as the new chair of the Federal Reserve by Supreme…

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AI automation anxiety grows as expert warns jobs face pressure in 5 years

VANCOUVER – As the AI revolution continues to rapidly expand throughout the corporate world, many…

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Philadelphia voters approve first city-run retirement savings program in US

Voters in Philadelphia passed a ballot measure on Tuesday that will create the country's first…

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Mortgage rates rise to 6.51%: Freddie Mac

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary…

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Fed minutes reveal policymakers worried about Iran war energy price impact

Federal Reserve policymakers were concerned about high energy prices contributing to inflationary pressures in the…

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US federal deficit projected to hit $2 trillion in fiscal year 2026

The federal government is projected to run a budget deficit of at least $2 trillion…

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California small businesses are trapped in a costly, ‘vicious cycle,’ local leaders say

For 25 years, Mike Georgopoulos — better known to his friends as "Mikey G" —…

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