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Economy
Consumer spending on live sporting events up 25% from pre-pandemic levels
A new analysis from theĀ Bank of America Institute found that consumer spending on live sporting…
November PCE: Report shows inflation remained elevated
The Federal Reserve's preferredĀ inflation gauge showed that consumer prices remained elevated in November, ahead of…
Shutdown delays September jobs report as economists expected 50,000 jobs added
The ongoing partial government shutdown prevented the Labor Department from releasing the anticipatedĀ September jobs report…
What’s the significance of Trump’s push to remove Lisa Cook from the Fed board?
PresidentĀ Donald Trump's effort to remove a member of the Federal Reserve's Board of Governors comes…
Mortgage rates rise to 6.34%: Freddie Mac
Mortgage rates rose this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary…
Major health insurers scale back Medicare Advantage plans for 2026
LeadingĀ health insurers announced Wednesday that they will scale back their Medicare Advantage offerings next year…
Drought drives cattle inventory to 1951 lows, beef prices surge
Beef prices are at a record high in the wake of a drought that left…
Chicago Fed chief concerned about tariffs leading to persistent inflation
On Tuesday, Federal Reserve Bank of Chicago President Austan Goolsbee warned about rising inflation and…
New car affordability issues persist despite lower down payments
Car shoppers are facing affordability challenges in the market for new vehicles despite average down…
American Airlines flight aborts takeoff at LAX due to runway incident
Passengers aboard an American Airlines jet headed from California to Massachusetts were delayed Sunday after…
Private sector sheds 32,000 jobs in September: ADP
Companies in the private sector lost 32,000 jobs in June, payroll processing firm ADP said…
Nearly 100 sickened by norovirus on Royal Caribbean’s Serenade of Seas
Royal Caribbean International is grappling with a norovirus outbreak that has sickened nearly 100 people…
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