Powell: Fed 'Still Has A Long Way To Go' To Tame Inflation
Federal Reserve Chair Jerome Powell said inflation remains too high in the U.S. and the central bank is prepared to raise rates further if appropriate.
COVID Is Making A Comeback. Is It Time To Worry?
While the pandemic, and the panic, are over, COVID-19 cases are rising across the U.S. prompting concern about a return to mass vaccination, masking and even lockdowns.
What To Watch For At The Fed's Jackson Hole Symposium
Continuing measures to wrangle inflation and avert a U.S. recession are likely to be discussed at the Federal Reserve Bank of Kansas City's annual Economic Policy Symposium in Wyoming.
S&P Downgrades Five US Banks, Cuts Recession Forecast
It's the second notable downgrade of leading U.S. banks in as many weeks.
Warmer Seas Grow Hardships For US Commercial Fishing Industry
Climate change is forcing big and small changes to the American fishing industry as animals, fishermen and policymakers adjust to rising sea temperatures.
Why Gas Is So Expensive This August
Americans are paying higher prices at the pump ahead of the Labor Day holiday due to rising crude oil prices and limited refinery capacity. However, relief is likely on the way.
Minneapolis Fed CEO Hints Rate Hikes Aren't Over Yet
The Federal Reserve may hike rates one more time, according to a voting member of the Federal Open Markets Committee.
Why Insurers Are Reducing Coverage In Florida, California
The insurance industry is becoming increasingly sensitive to the effects of climate change on their businesses. Some insurers are reducing coverage or new policies in California and Florida. This raises difficult questions about the future of doing business in certain regions of the United States, too.
How Disney Plans To Get Streaming Profitable In 2024
The Walt Disney Corp. is looking to get its streaming house in order by hiking prices and stopping password sharing. The company wants to get its direct-to-consumer business profitable in 2024 and is willing to use ESPN to make it happen.
Moody's Downgrades Banks, Affirms US Recession Forecast
Moody's Investor Service Inc. is putting the United States banking system on notice.
Analysis: What Killed Yellow Corp.?
The company's downfall was attributed to a combination of factors, including a poorly executed merger, excessive debt burden from acquisitions and inadequate integration of acquired companies.
Yellow, Teamsters Trade Blame For Bankruptcy
Yellow Corp. is officially closing, declaring bankruptcy and expecting its stock to soon be delisted from the Nasdaq composite.
Does US Jobs Data Indicate An Interest Rate Pause?
The latest U.S. jobs report is a mix of positive and negative news as the national economy tries to achieve a so-called soft landing.
Are Striking Actors And Writers Gaining The Advantage Over Hollywood?
The voices representing the leaders of the American entertainment industry are apparently set to meet on Friday to begin negotiations that could end their highly publicized work stoppage.
Why Fitch's Credit Downgrade Is A Serious Debt Warning
Fitch Ratings is sending a warning to the United States federal government that its current spending and borrowing habits cannot continue without serious consequences for the national and international economy.
How Tupperware Became The Newest Meme Stock
Shares of Tupperware Brands Corp. are seeing immense trading and gains on Tuesday, but its probably not a good idea to buy in on the frenzy.
Yellow Corp. Headed For Closure, Bankruptcy
Yellow Corp., one of the largest trucking companies in the U.S., is reportedly closing and ceasing operations.
Consumers Regaining Confidence In US Economy
Americans are feeling better about their economic situation, according to two key metrics of consumer confidence.
US Home Price Increases Shrink, Mortgage Payments Grow
The U.S. housing market is stabilizing in 2023 after rapid price increases in the post-pandemic years, but the demand for homes still significantly exceeds the supply.
Powell: Fed Is No Longer Forecasting US Recession
The Federal Reserve is no longer forecasting a recession for the U.S. economy, according to Fed Chair Jerome Powell.The FMOC increased the benchmark lending rate by a quarter percentile on Wednesday in an effort to keep inflation on a downward trend.
UPS, Teamsters Reach Tentative Deal Averting Strike
UPS and its labor union, the International Brotherhood of Teamsters, avoided a strike by reaching a new agreement on Tuesday.
How The Potential UPS Strike Could Affect US, World
There could be a major delay on the next item delivered to the doorsteps and loading docks of homes and businesses around the world as UPS workers are deciding whether to strike.
Why Google Is Creating An AI News Writer
Google is reportedly looking to use artificial intelligence to assist major media organizations in writing the news items it distributes around the world.
Microsoft, Meta Release Powerful AI Chatbot Backbone To Developers
Two of the world's largest technology companies teamed up to build the foundation of an artificial intelligence language software that could rival industry leading ChatGPT.
Why Disney Is Looking To Sell Television Assets
The Walt Disney Co. is planning on selling some of its television assets but a blockbuster deal is unlikely.
How Extreme Heat And Weather Affect US Business
Climate observers anticipate a hotter climate will make it harder to work outdoors, raise the cost of electricity, affect the reliability of the food supply and make it harder to insure homes and businesses.
Why The FTC Is Investigating OpenAI
Regulation is coming to the free-for-all world of artificial intelligence, as the Federal Trade Commission is taking a keen interest in ChatGPT parent company OpenAI.
Will US Dodge A Recession? Analysts Weigh In On Outlook
Signs are emerging that the U.S. economy may not enter into a recession in 2023, as previously predicted. Recent inflation and jobs data shows signs that the U.S. economy is starting to cool.
Titan Sub Parts Found Near Titanic, Five-Man Crew Dead
The Titan submersible was lost at sea and its passengers are dead, the U.S. Coast Guard confirmed. Debris was located Thursday near the wreckage site of the Titanic, confirming the demise of the OceanGate sub and its five-man crew.
