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Economy
Fortnite maker lays off over 1,000 employees, citing engagement decline
The Fortnite craze might have reached its crescendo. Epic Games announced layoffs of 1,000 employees…
USDA announces recall of ground beef for possible E. coli contamination
Grass-fed ground beef that was distributed to six states has been recalled over possible E.…
OCC and FDIC propose CRA reforms targeting activist group funding
Financial regulators in the Trump administration are proposing changes to a banking industry rule that…
Fed rate hike backed by 3 dissenting members over inflation concerns
The Federal Reserve left its benchmark interest rate unchanged this week despite three dissenting votes…
Bessent warns China over rare earth minerals and AI model IP theft
Treasury Secretary Scott Bessent said in an interview on Thursday that he expects economic growth…
Popular retro refrigerators recalled after dozens of fires and one reported death
More than 120,000 refrigerators are being recalled over a fire and burn hazard after federal…
Mortgage rates rise to 6.66%: Freddie Mac
Mortgage rates rose this week to the highest level in a year, mortgage buyer Freddie…
June PCE: Fed’s favored inflation gauge showed price growth eased
This story about the June 2026 PCE inflation report will be updated with more details.…
US economy grew 1.5% in second quarter, Commerce Department estimates
This story about the advance estimate of second-quarter GDP will be updated with further details.…
July FOMC: Fed holds interest rates steady
This story about the Federal Reserve's July 2026 interest rate decision is breaking news. Please…
Mark Zuckerberg says AI power should be distributed, not centralized
Meta CEO Mark Zuckerberg wrote in a new op-ed published on Tuesday that the rise…
Albertsons cuts outlook as ‘cautious consumer’ pressures grocery sales
Albertsons lowered its fiscal 2026 sales and earnings outlook Thursday after weaker grocery demand and…
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