Hiring cools as employers added 209,000 jobs in June
Hiring reflects a sharp slowdown compared with May, reflecting economic headwinds facing some businesses.
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Hiring reflects a sharp slowdown compared with May, reflecting economic headwinds facing some businesses.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
The financial health of some groups has deteriorated sharply compared with a year ago due to rising inflation and higher bills.
The Saudi cut of 1 million barrels per day comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
Grazing goats are in high demand to devour wild grass and shrubs that are proliferating across California after a drought-busting winter of heavy rain and snow.
This Memorial Day Weekend, a massive three-day volleyball tournament is bringing players, fans and cash to Roseville. It's an event that's having a big impact on the local economy.
The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company.
Some shops are saying they are facing an extinction event.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Americans cut their spending at retail stores and restaurants in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January.
Stocks closed lower following latest update on inflation and warning of possible recession.
Are robot waiters the future?
The legislation from a bipartisan group of senators would require regulators to claw back all or part of the compensation bank executives got in the five years leading up to a bank's failure.
The recent storms have put a dent in the drought, but they've also flooded precious farmland, ruining mile after mile of crops across the state. But even at farms that didn't flood, they are still harvesting challenges.
They say government helps wealthy more than middle class amid bank issues.
A surge in grocery costs combined with the end of pandemic programs is causing a spike in hardship, a new study finds.
