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Economy
AI infrastructure buildout boosts construction worker pay, Nvidia CEO says
Nvidia CEO Jensen Huang said that the build-out of infrastructure to support the artificial intelligence (AI)…
Powell wants strong economy, controlled inflation before 2026 departure
Despite nearing the end of his term, Federal Reserve Chairman Jerome Powell sidestepped any discussion…
California grocery prices could rise as plastic packaging fees take effect
California consumers could soon see higher grocery bills as the state begins implementing a sweeping…
Social Security 2027 COLA projected at 3.8% amid rising inflation
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 amid…
Warsh says Fed policymakers have ‘no tolerance’ for elevated inflation
Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank's policymakers have…
June CPI: Inflation eased following recent surge driven by Iran war
This story about the June 2026 CPI inflation report will be updated with further details.…
Volkswagen CEO warns up to 100,000 jobs may be cut in restructuring
Volkswagen's leadership is warning that the company may need to cut an extra 50,000 jobs…
Grocery prices push 1 in 4 Americans into credit card debt strain, study finds
American families are increasingly being pushed past their financial limits at the grocery checkout counter,…
MagSafe battery chargers recalled over injuries from power banks catching fire
More than 1,000 MagSafe battery chargers have been recalled over burn risks following reports of…
Delta Air Lines says higher fares will hold even if fuel costs drop
Delta Air Lines sees higher fares staying in place for consumers amid higher costs for…
Economist says inflation won’t hit 2% Federal Reserve target until 2028
American consumers hoping for a swift end to years of inflationary pressures are facing a…
California city weighs drive-thru ban after In-N-Out proposal sparks debate
A California city is weighing a ban on drive-throughs after some residents expressed concern that…
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