Trump picks veteran staffer to head Bureau of Labor Statistics
President Donald Trump has nominated economist Brett Matsumoto to head the Bureau of Labor Statistics, according to a Truth Social post Friday. “For many years,...
Category : Business
Most Saks OFF 5TH locations nationwide to close amid bankruptcy proceedings
Saks Global announced the majority of its Saks OFF 5TH locations across the United States will now be closing, just weeks after a bankruptcy filing....
Tariffs may have cost US economy thousands of jobs monthly, Fed analysis reveals
An analysis by the Federal Reserve Bank of Kansas City found that tariffs may have slowed job growth in the U.S. economy in 2025 after higher...
Powell says Americans forced to ‘economize’ as stubborn inflation squeezes household budgets
Federal Reserve Chair Jerome Powell said that policymakers are hearing that a significant segment of American consumers are still looking to “economize” their purchases and trading...
New study shows cities where cost of living is rising fastest
New York City tops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to...
Fed expected to pause rate cuts after 3 straight reductions amid uncertainty over jobs, inflation
Federal Reserve policymakers are expected to hold interest rates steady when they conclude their first meeting of the new year on Wednesday, as central bank...
Coal plants step up as historic winter storm pushes US power grid to the brink
A deadly and historic winter storm that has impacted a 2,300-mile swath of the country with snow, ice and power outages has prompted moves to...
Trump says he’s ‘not a huge fan’ of 401(k) withdrawal plan for homebuyers’ down payments
President Donald Trump on Thursday said he’s “not a huge fan” of a proposal his administration is developing that would allow prospective homebuyers withdraw from their...
Nvidia CEO says AI boom will create ‘six-figure’ construction jobs
Nvidia CEO Jensen Huang said that the build-out of infrastructure to support the artificial intelligence (AI) technology boom is boosting the salaries of construction trade workers...
FDA upgrades cookie recall to highest danger level over undeclared peanuts
The Food and Drug Administration announced that a recall of cookie products has been upgraded to its most serious risk category over the potential presence...