The number of Americans filing for jobless benefits jumps to the highest level in 10 months
The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, another possible sign that the labor market is loosening under the weight of high interest rates.
Real-world mileage standard for new vehicles rising to 38 mpg in 2031 under new Biden rule
New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by the Biden administration.
Is the US job market beginning to weaken? Friday's employment report may provide hints
Tentative signs have begun to emerge that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve’s inflation fighters: Companies are posting fewer available jobs, consumer spending has slipped and wage growth, while still healthy, is gradually slowing.
100 years ago, US citizenship for Native Americans came without voting rights in swing states
An act of Congress a century ago guaranteed citizenship to wary Native Americans in an age of forced assimilation and marked the outset of a long, arduous journey to secure voting rights that were denied for several more decades.
Best Buy extends streak of quarterly losses as Americans direct more money to essential purchases
Best Buy reported another quarterly drop in sales as the nation’s largest consumer electronics chain wrestles with cautious spending by Americans as they prioritize essential purchases and pay more for things like rent.
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation.
Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets
Visa has announced major changes to how its credit and debit cards will operate in the U.S. Features in the works will lead to Americans to carry fewer physical cards in their wallets and make the 16-digit credit or debit card number printed on every physical card increasingly irrelevant.
Are US interest rates high enough to beat inflation? The Fed will take its time to find out
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.
Book Review: Novelist Amy Tan shares love of the natural world in 'The Backyard Bird Chronicles'
Best-selling novelist Amy Tan of “The Joy Luck Club” fame combines entries from her nature journal with astonishing illustrations thanks to lessons in bird illustration in “The Backyard Bird Chronicles,” to share a birdwatching obsession that dates back to before the COVID-19 pandemic.
Instagram, YouTube the biggest likely winners of TikTok ban but smaller rivals could rise too
While a bill to ban TikTok if it doesn't change owners has received President Joe Biden's signature, it could still be years before the popular video-sharing app is actually blocked from U.S. app stores — if it is blocked at all.
Fed's preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Senate advances renewal of key US surveillance program as detractors seek changes
The Senate has advanced legislation that would reauthorize a key U.S. surveillance tool as lawmakers and the Biden administration rushed to tamp down fresh concerns about the program violating Americans’ civil liberties.
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.
House passes reauthorization of key US surveillance program after days of upheaval over changes
The U.S. House has passed a bill to reauthorize and reform a key U.S. government surveillance tool without including broad restrictions on how the FBI uses this crucial program to search for Americans’ data.
US applications for jobless benefits rise to highest level in two months, but layoffs remain low
The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low levels as the labor market continues to chug along despite elevated interest rates.