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Economy
IRS announces 2026 tax changes with higher standard deductions and brackets
The Internal Revenue Service (IRS) on Thursday announced annual inflation adjustments for dozens of tax provisions,…
Dell cuts workforce by 10% for third straight year
Dell’s workforce has fallen by 10% for a third year in a row, according to…
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…
Kia recall covers 462K vehicles over seat motor fire risk after earlier fix failed
Kia is issuing a new recall of more than 460,000 vehicles over a fire risk…
Mortgage rates hold steady near 6.49% as housing affordability improves
Mortgage rates moved slightly higher this week but have remained relatively steady in recent weeks,…
PetSmart closing its only San Francisco store, citing online shopping
San Francisco pet owners are set to lose access to one of the pet care…
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