February inflation breakdown: Where are prices rising and falling the fastest?
The latest inflation data from the Labor Department showed that price increases continued at a steady pace in February, though some items saw notable price hikes...
Category : Business
Cargo ship struck in Strait of Hormuz amid Iran war
A projectile hit a Thai-flagged cargo ship off the coast of Oman in the Strait of Hormuz, setting it on fire. The Iranian regime reportedly...
Flying taxis could soon take flight as FAA green-lights tests in 26 states
The Federal Aviation Administration (FAA) announced Monday that it selected eight proposals for a new pilot program testing new advanced air mobility and electric vertical takeoff...
How the Iran war could hit Americans’ grocery bills
High oil prices due to the Iran war are pushing gasoline prices higher and that could lead to grocery bills rising for American consumers. Oil prices...
Fed officials closely monitor Iran conflict for potential inflation impact
Federal Reserve policymakers are monitoring the conflict with Iran for its potential impact on inflation and consumer prices, as energy prices have jumped since the outbreak...
Will tapping oil reserves curb soaring gas prices?
The ongoing conflict in the Middle East has sent oil prices soaring and has prompted G7 leaders to consider the potential release of emergency oil reserves...
IRS unveils proposed regulations for new Trump Accounts savings program
The IRS and Treasury Department on Friday put forward new proposed rules and processes that cover the implementation of Trump Accounts for parents and guardians who...
Oracle expected to slash thousands of jobs as massive AI spending creates financial cash crisis
Enterprise software giant Oracle is reportedly planning to ax thousands of jobs due to mounting financial pressure from its aggressive push to build AI-focused data...
Paychecks keep rising for American workers, providing boost to household budgets
The Labor Department’s latest jobs report showed that American workers’ wage gains are continuing to outpace stubbornly high inflation. The Bureau of Labor Statistics released its jobs...
The invisible layoff: AI is quietly locking Americans out of the job market, CEO warns
The February jobs report revealed a loss of 92,000 jobs, but according to RedBalloon CEO Andrew Crapuchettes, the real economic rot isn’t just in the...