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Economy
Fed releases minutes from May meeting
U.S. Federal Reserve officials at their last meeting acknowledged they could face "difficult tradeoffs" in…
Washington GOP chair argues Dem proposal could pave way for income tax on all state’s taxpayers
Washington state GOP Chairman Jim Walsh is pushing back against Gov. Bob Ferguson's proposed "millionaire…
PayPal applies for bank charter to better support small businesses
PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial…
Frozen dessert recalled nationwide over potential stones in product, FDA says
A voluntary recall has been issued for pints of a non-dairy frozen dessert over the…
iRobot co-founder says ‘wrong-minded’ opposition to Amazon merger contributed to bankruptcy
iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday and…
Bessent sees inflation drop in first half of 2025, promises affordability relief
Cautioning that families are still feeling the sting of Biden-era inflation, U.S. Treasury Secretary Scott…
November jobs report: US economy added 50K jobs amid economic uncertainty
The U.S. economy added jobs in November as economic uncertainty continued to dampen activity in…
Powell outlines Fed labor market view after third consecutive rate cut
Federal Reserve Chair Jerome Powell outlined how the central bank is viewing the labor market after…
Energy secretary says Trump reversing Biden era electricity policies
Energy Secretary Chris Wright on Sunday said the Trump administration's energy policies will lower electricity prices…
Powell wants strong economy, controlled inflation before 2026 departure
Despite nearing the end of his term, Federal Reserve Chairman Jerome Powell sidestepped any discussion…
Large tax refunds coming from One Big Beautiful Bill Act next year, Bessent says
Treasury Secretary Scott Bessent said that American households will see "very large refunds" in the tax…
Powell warns housing struggles to continue despite rate cuts
Federal Reserve Chair Jerome Powell warned that the housing sector's struggles are likely to continue with…
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