Biden Tests Positive For COVID Amid Growing Calls To Step Down
President Joe Biden tested positive for COVID-19 on Wednesday, the latest blow to his reelection campaign as rival Donald Trump gains momentum in the polls.
Inflation Continues To Fall As Interest Rate Cuts Look More Promising
The latest economic data could result in long-awaited interest rate cuts after the Consumer Price Index (CPI) -- a key factor in the Federal Reserve's bid to lower inflation -- came in below projections on Thursday.
Consumer Inflation Remains Flat As Annual PCE Hits Lowest Mark In Over Three Years
The U.S. economy got some good news on the inflation front Friday as fresh data saw the personal consumption expenditures (PCE) price index hit its lowest annual rate in May in over three years.
Wholesale Prices Fall, Offering More Good News On Inflation
For the second consecutive days the U.S. economy received good news on the inflation front in the form of government data, with Thursday's drop indicating an unexpected decline in wholesale prices in May.
US Economy Adds More Jobs Than Projected As Unemployment Rate Hits 4%
The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.
Nvidia Market Cap Tops $3T, Surpassing Apple For No. 2
Riding the wave of an artificial intelligence explosion in the tech world, Nvidia saw its stock rally to record heights Wednesday, topping a $3 trillion market capitalization and surpassing Apple as the second most valuable company.
Fresh Economic Data Raises Questions About Fed Rate Cuts
The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).
Wholesale Prices Increase Ahead Of Projections As Inflation Fight Rages
The Federal Reserve's multi-year battle with inflation continues to grind on the U.S. economy after Tuesday's data revealed a higher-than-expected increase in the Producer Price Index.
Biden Admin Slaps Massive Tariff Increases On Chinese Imports
President Joe Biden announced Tuesday his administration's plan to increase tariff rates on Chinese imports totaling an estimated $18 billion.
House Kills Greene's Motion To Vacate Johnson's Speakership
Rep. Marjorie Taylor Greene (R-Ga.) was greeted with a chorus of boos on the House floor and a cascade of "nay" votes that killed her motion to vacate House Speaker Mike Johnson (R-La.) on Wednesday.
US Jobs Report Signals Possible Turning Point For Economy
U.S. job growth was significantly lower than expected in April, perhaps signaling a reversal in employment trends that have been hurting the Federal Reserve's fight against inflation.
Trump Fined $9,000 For Gag Order Violations
Former president Donald Trump's controversial comments and social media posts finally cost him -- albeit a paltry sum for the self-proclaimed billionaire.
PCE Exceeds Expectations As Pesky Inflation Persists
Price pressures remained elevated in March, fresh data from the Commerce Department showed Friday, as the personal consumption expenditures (PCE) price index exceeded forecasts.
Wall Street Today: GDP Report Sends Stocks Into Freefall
Blindsided by a subpar report on U.S. economic growth, Wall Street reacted swiftly and strongly Thursday as all three major indices saw significant declines.
Judge Reserves Decision On Holding Trump In Contempt Over Gag Order Violations
Former president Donald Trump faces possible contempt-of-court charges after a hearing Tuesday morning in his high-profile hush money trial following the prosecution's claims that he has repeatedly violated the judge's gag order.
Supreme Court Hears Arguments About Obstruction Law From Jan 6 Rioters
In a case that could have a major impact on the over 350 people found guilty of illegally entering the U.S. Capitol on Jan. 6, 2021, the Supreme Court was hearing arguments Tuesday that could place those convictions in jeopardy.
Wall Street Today: Stocks Tumble Friday As Inflation Concerns Persist
U.S. stocks nose-dived during early trading Friday as major banks kicked off a disappointing start to their earnings season.
Northeastern US Feels Impact of 4.8 Earthquake
A category 4.8 earthquake struck just outside New York City on Friday morning, according to the U.S. Geological Survey, shaking skyscrapers and sending commuters scurrying for shelter.
Biden, Trump Trade Barbs At US-Mexico Border
US President Joe Biden and Donald Trump made dueling visits to the US-Mexico border Thursday in a bid to win over voters on one of the most divisive issues of November's presidential election.
Odysseus Lunar Lander Makes Historic Moon Landing
The Odysseus lunar lander, built by the Houston-based Intuitive Machines, safely landed on the Moon on Thursday, becoming the first private company to reach the lunar surface and the first US-made spacecraft to complete the feat.
AT&T Suffers Massive Service Outage Across US
Many Americans awoke Thursday morning to find they did not have cell phone service -- or they overslept because their phone is their alarm -- the result of a massive network outage by AT&T.
Senate Passes Foreign Aid Bill But It Faces Strong Opposition In The House
The U.S. Senate voted 70-29 to pass a controversial foreign aid bill early Tuesday morning that could be "dead on arrival" in the House of Representatives.
Markets Dive After Fed Indicates Longer Wait For Rate Cuts
The Fed's next two policy meetings are set for March 20 and May 1, meaning rate relief could be months away.
Jury Orders Trump To Pay Carroll $83.3M In Total Damages
A federal jury ruled Friday that Donald Trump must pay E. Jean Carroll a whopping $83.3 million in damages related to a sexual assault case from the 1990s.
Japan Stock Markets Make Major Gains Amid China's Decline
Asian investments are undergoing a seismic shift as Japan's stock markets surge and China's make a steady retreat.
Dow Jones, S&P 500 Resume Runs Into Record Territory
Shortly after Monday's opening bell, the Dow was up over 200 points and the S&P 500 was up over 20 points.
Bull Market Returns On Record Day For S&P 500, Dow Jones
The S&P 500 rose 1.23% for the session, closing at 4,839 and topping the previous mark set back in January 2022. The Dow Jones gained just over 1% on Friday to 37,863, breaking its record set in late 2023.
Strong Jobs Report Fuels Hopes Of Soft Landing
The U.S. economy generated 216,000 jobs in December 2023, outpacing expectations and sending a strong signal of a safe landing.
Mortgage Demand Drops At 2023's Close With Hopes For Recovery In 2024
The demand for mortgages dropped by nearly 10% in the final week of 2023, signaling a housing market that is still recovering entering 2024.
From Fed's Inflation Fight To Battle Over Bud Light, 2023 Was A Wild Year For US Economy
2023 witnessed major business events, including the Fed's inflation battle and controversies like Bud Light's risky ad campaign.