WASHINGTON (AP) — The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month as sustained higher interest …
Major technology companies have cut thousands of jobs since the start of 2024 as the rise of artificial intelligence (AI) and interest rates upend the tech sector. While the U.S. …
Thursday will see a slew of earnings reports from companies including: Philip Morris International (PM), ConocoPhillips (COP), AstraZeneca (AZN), Take-Two Interactive (TTWO), Kellanova (K), and Pinterest (PINS). Richmond Federal Reserve …
In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate’s managing director and a top-producing loan officer. “This …
Federal Reserve Chair Jerome Powell urged the central bank’s forecasters Wednesday to remain flexible and “think outside” traditional economic models as they continue to offer projections for a post-pandemic economy …
The Federal Reserve is facing questions about its ability to tame one of the largest drivers of inflation: the cost of housing. Housing costs, measured as both rental costs within …
Applications for US unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy …
The top Federal Reserve official declined to say Thursday whether the central bank would raise interest rates again before the end of the year, but he said he was encouraged …
NEW DELHI: The United States mark the second Monday of October with a dual celebration — Indigenous Peoples’ Day and Columbus Day. Indigenous Peoples’ Day.Indigenous People’s Day is meant to …
The Federal Reserve can now be followed on Instagram and Threads. In a news release, the federal agency said it was creating accounts on the two Meta-owned social media platforms …