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Economy
USPS freezes pension contributions, sounds alarm over looming financial crunch
The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing…
Farm-raised Atlantic salmon recalled over potential listeria contamination
The Food and Drug Administration announced a recall of one brand of farm-raised Atlantic salmon…
Starbucks slashes around 300 US support roles
Coffee giant Starbucks is slashing about 300 U.S. support roles and closing some regional support…
Social Security 2027 COLA predicted to rise to 3.9% amid inflation
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) next year amid…
April 2026 CPI: Inflation rose in April as Iran war jolted energy prices
This is a developing story about the April 2026 CPI inflation report and will be…
Trump to head to Beijing for Xi summit amid AI chip and trade talks
President Donald Trump is set to travel to China this week for a summit with…
Saudi Aramco CEO warns oil markets may not normalize until 2027
The CEO of Saudi Arabia's state-owned oil company is warning that the energy sector will…
Bank of America report: gas prices squeeze lower-income household budgets
American household budgets are under pressure from higher gas prices and new data shows that…
Nike sued over alleged failure to refund tariff costs to consumers
Nike is facing a new class action lawsuit accusing the company of failing to refund…
Bay Area luxury home prices surge 13% since AI boom, Redfin finds
The artificial intelligence (AI) boom has caused a surge in luxury real estate prices in…
April 2026 jobs report: US economy added jobs at a steady
This story about the April 2026 jobs report is developing and will be updated with…
New York Fed finds surging gas prices hit low-income households hardest
A new report by the Federal Reserve Bank of New York finds that the recent…
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