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Economy
Oracle reportedly considers massive layoffs as AI spending strains cash flow
Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting…
US economy hit 3.8% GDP growth in second quarter: Commerce Department
The U.S. economy accelerated in the second quarter as the Commerce Department released its second…
ADP report June 2026: Private sector adds 98,000 jobs
This is a breaking news story about the June 2026 ADP National Employment Report. Please…
BLS took steps after improper data releases but watchdog wants more
The Bureau of Labor Statistics has taken steps to address issues that led to the…
FAA proposes noise rules to lift ban on supersonic flights over US
The Department of Transportation on Tuesday announced that regulators are moving toward enabling civilian supersonic…
Fourth of July cookout costs hit record high as inflation rises 4%
Americans preparing to hold a Fourth of July barbecue this weekend will face higher costs…
Mortgage rates tick slightly higher this week with 30-year at 6.49%
Mortgage rates ticked slightly higher this week, but were little changed, mortgage buyer Freddie Mac…
May PCE: Fed’s favored inflation gauge accelerated in May
The Federal Reserve's preferred inflation gauge rose in May as price pressures persist in the…
US economy grew at 2.1% in first quarter
This is a developing story about the final reading of U.S. first-quarter GDP. Please check…
Scott Bessent outlines 5 principles for Trump economic statecraft plan
Treasury Secretary Scott Bessent on Tuesday outlined the Trump administration's approach to economic statecraft in…
Delta CEO reveals when to expect airline ticket prices to come down
As American travelers feel the pinch of inflation and elevated airline costs, Delta Air Lines…
Oil prices fall as Strait of Hormuz shipping rises despite mine threat
Traffic by tankers transiting the Strait of Hormuz has picked up amid the negotiations between…
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