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Economy
Claire’s Stores files for Chapter 11 bankruptcy protection in Delaware
Claire's Stores Inc., once a teen retail staple, has filed for bankruptcy protection for the…
What does it mean that Moody’s downgraded the United States credit rating?
Moody's Ratings on Friday announced a downgrade of the U.S. government's credit rating, moving it…
Trump’s OBBBA saved millions of manufacturing jobs, NAM report says
A group representing America's manufacturers on Tuesday released a report marking one year since the…
First-time homebuyers get some relief, but affordability remains a challenge
Americans who are looking to buy a home for the first time are seeing some…
World Cup boosts consumer spending in host cities, Bank of America says
The World Cup is helping to boost consumer spending around the U.S. in June, with…
IRS raises gas mileage deduction amid price surge
The IRS this week announced changes in the amount that taxpayers may deduct in gas…
Mortgage rates rise to 6.55%: Freddie Mac
Mortgage rates rose this week to the highest level in nearly a year, mortgage buyer…
Jamie Dimon says AI job loss fears are overblown, touts reskilling
JPMorgan Chase CEO Jamie Dimon on Wednesday said there is still a lot of uncertainty…
BMW recalls nearly 30,000 hybrid vehicles over engine starter fire risk
BMW is recalling nearly 30,000 vehicles over an engine starter issue that could pose a…
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…
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