Inflation surged in March as Iran war’s energy impact hit consumers
Inflation surged in March as consumer prices jumped amid the economic disruptions caused by the Iran war’s impact on the energy market. The Bureau of...
Author : Robert B. Hambrick
USPS halts pension contributions after warning of looming cash crisis
The United States Postal Service is suspending employer pension contributions for workers beginning Friday, citing a looming cash shortfall, the agency announced Thursday. The move,...
Mortgage rates fall for first time in weeks after US-Iran ceasefire
Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday. Freddie...
Fed official says interest rate hike possible as gas prices, inflation remain elevated
A Federal Reserve policymaker is warning that it could make sense to raise interest rates if inflation remains elevated above the Fed’s 2% target amid...
US workers increasingly trapped in the ‘Great Detachment’ as hiring slows, report shows
A new report from Gallup finds that U.S. workers are less optimistic about the job climate and their level of engagement with their current jobs...
Used car prices hit their highest level in nearly 3 years as wholesale demand stays strong
American consumers who are in the market for used cars are facing the highest prices in nearly three years, according to a new report. Wholesale...
Jamie Dimon says New York, other cities face worker ‘exodus’ as lawmakers push higher taxes
JPMorgan Chase CEO Jamie Dimon warned that New York City and other cities with high taxes and regulatory burdens run the risk of losing businesses...
Toyota recalls 73K hybrid vehicles over pedestrian warning sound issue
Toyota is recalling more than 73,000 hybrid vehicles over a pedestrian warning sound issue, according to the National Highway Traffic Safety Administration (NHTSA). Certain 2023–2025...
Rising healthcare costs, insurance premiums now worry Americans more than any other domestic issue: poll
Americans are concerned with the rising cost of healthcare along with surging health insurance premiums. A Gallup poll released last week found that healthcare is...
Jamie Dimon warns Iran war could drive inflation, interest rates higher
JPMorgan Chase CEO Jamie Dimon warned in his annual letter to shareholders that the war in Iran could lead to more stubborn inflation as well...