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Economy
Gas prices hit 4-month high
Gas prices reached a four-month high as the warmer weather gets drivers back on the…
Retail job cuts spike as major chains close stores amid economic pressure
The number of job cuts announced in the first five months of 2025 increased 80%…
Social Security COLA for 2026 projected to rise to 2.5%, analysis shows
A new analysis projects the Social Security Administration's (SSA) cost-of-living adjustment (COLA) for next year will…
Amazon CEO says AI will reduce corporate workforce in coming years
Amazon CEO Andy Jassy says artificial intelligence will "change the way" work is done and…
Trump slams Powell as Fed expected to leave interest rates unchanged
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday, hours before the central…
Federal Reserve leaves interest rates unchanged despite Trump pressure
The Federal Reserve on Wednesday said that it will leave its benchmark interest rate unchanged…
CBO: ‘Big beautiful bill’ would add $2.77 trillion to deficit over decade
The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans' "big beautiful…
Peter Schiff warns of stagflation for US economy
Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve…
Social Security faces a 19% benefit cut when trust funds deplete in 2034
The trustees for Social Security and Medicare released their annual report on the status of the…
Trump unhappy with Powell for not cutting rates, floats replacement
President Donald Trump, unhappy with the Federal Reserve for not cutting interest rates, has called…
US gained over 1,000 new millionaires daily in 2024, report says
The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global…
Elon Musk calls massive Starship explosion in Texas ‘just a scratch’
SpaceX's Starship exploded Wednesday night during a test at SpaceX's Starbase in Boca Chica, Texas. …
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