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Economy
Trump, South Korea’s new president to work toward tariff agreement
President Donald Trump agreed to quickly work toward a deal on tariffs during his first…
Moody’s downgrades US credit rating over persistent budget deficits
Moody's Ratings on Friday announced that it downgraded the U.S. credit rating by one notch…
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…
DOJ abandons lawsuit against Southwest Airlines over chronic flight delays
The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays.…
JPMorgan’s Jamie Dimon criticizes mortgage lending rules at firm’s investor day
JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that…
Goldman Sachs says larger tax cut won’t offset tariff drag on economic growth
A new report by Goldman Sachs finds that while House Republicans' tax cut package that's moving…
Klarna losses double as Buy Now Pay Later defaults reach 17% amid inflation
Consumers are failing to make payments on their short-term loans. While Klarna, a significant player…
Homebuyers expect recession in next year, many see it as opportunity to purchase
A new survey finds that American homebuyers are anticipating that a recession will occur by early…
Walmart to cut about 1,500 jobs from corporate workforce
Walmart — the nation's largest private employer — is cutting more than 1,000 corporate jobs…
Federal Reserve governor warns markets demand higher rates on US Treasury debt
Federal Reserve Governor Christopher Waller said Thursday that the financial markets have reacted to projected deficits…
Mortgage rates rise to 6.86%: Freddie Mac
Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday.…
Wage stagnation forces fast-food workers into ‘unsustainable’ economic trap
Fast-food employees are struggling to afford necessities and a recent report shows they must work…
