The latest jobs report points to a labor market that’s faltering, but the slowdown may have begun much earlier. Economists expect the Bureau of Labor Statistics tomorrow to issue a major downward revision, showing the nation added hundreds of thousands fewer…
Washington — Director of the National Economic Council Kevin Hassett, who President Trump has said is on his shortlist to become the next chair of the Federal Reserve, said Sunday that the Federal Reserve’s monetary policy “needs to be fully…
Vital signs for the labor market indicate that it’s getting sicker, and the healthcare sector is one of the few that is keep it from looking even worse. The latest jobs report revealed the U.S. economy added just 22,000 jobs in August…
Everyone basically agrees: if you want people to transition from polluting gas guzzlers to electric cars, you have to make them more affordable. The luxury EVs, with their big battery packs and fine leather interiors, are all well and good,…
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures were little changed on Sunday as investors gear up for a data-heavy week that includes two closely watched readings on inflation. Futures tied to the…
AI company Anthropic has agreed to settle a lawsuit from authors. The cost: $1.5 billion. A judge still needs to approve the settlement, but lawyers representing the group of authors celebrated the major update in the case. “As best as…
This week, Ford Performance announced a major change to give its image an overhaul. From now on, Ford Performance will be known as Ford Racing, as it continues to venture further into motorsport. In a press release, Will Ford, the…
Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former…
After a disappointing spring and summer, the housing market could start to heat up as fall approaches with the latest plunge in mortgage rates. Bond yields tumbled on Friday as the weaker-than-expected jobs report raised expectations for rate cuts from…
Private jets are a controversial topic, often sparking outrage due to their status as a symbol of growing economic inequality and climate destruction. A recent sighting of Kid Rock’s private jet at an airport in Michigan prompted criticism from a…