Fed's current monetary policy stance is 'exactly where we want to be,' official says
Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent economic growth from reigniting inflation.
Treasury's Bessent says he doesn't support suspending monthly jobs reports
Treasury Secretary Scott Bessent defended releasing monthly jobs reports amid accuracy concerns, emphasizing the need for improved data collection rather than pausing monthly releases.
How Kodak went from film giant to facing financial peril
The iconic film company Kodak has been failing to capitalize on digital photography technology it invented in 1975, leading to bankruptcy and ongoing struggles.
Trump administration official says Wall Street tariff inflation fears like 'waiting for Godot'
A key official in the Trump administration's economic team touted the July CPI inflation report as evidence that tariff-induced inflation isn't going to materialize as economists fear.
Kodak says there's 'substantial doubt' it can stay in business
Kodak warned in a Securities and Exchange Commission filing that it faces serious financial concerns, citing substantial doubt about continuing operations.
Inside the Applebee's-IHOP combo restaurant model that's set to expand in the US
Applebee's and IHOP combined restaurants feature streamlined 105-item menus and cross-trained staff, creating a more efficient and profitable business model.
Inflation cools slightly in July from prior month
The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.
Fed governor maintains outlook for three interest cuts in 2025
Fed Governor Michelle Bowman spoke this weekend and maintained her projection of three interest rate cuts in 2025 despite the central bank leaving rates unchanged at its July meeting.
Inflation report drops Tuesday as economists warn prices are going up
The July CPI inflation report will be released on Tuesday with economists expecting prices ticked higher as more tariffs took effect, complicating the Fed's rate cut outlook.
$13M California mansion's price drops $250K every week until someone finally buys it in rare auction
A sprawling 11,000-square-foot California coastal retreat with six bedrooms and ocean views used a Dutch auction pricing strategy in the La Jolla market.
WATCH: Biden jobs chart had 'gigantic error'; Trump right to fire BLS chief, economist says
During an Oval Office meeting, pro-Trump economist Steve Moore said the president made the right call to fire the head of Bureau of Labor Statistics given faulty jobs projections.
Fed official calls July jobs report 'concerning' as economy hits potential turning point
Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at a "turning point" as businesses face elevated uncertainty.
Leading economist issues stark recession warning for struggling US economy
Moody's chief economist Mark Zandi warned that the U.S. economy is on the precipice of recession as weak jobs data and rising inflation complicate the Federal Reserve's policy moves.
Markets now betting Fed will cut rates in September after disappointing jobs report
The probability of a Federal Reserve rate cut in September jumped dramatically following weak employment data, with market expectations shifting from a hold to a 25-basis-point cut.
Why does the Labor Department revise jobs reports? Here are 3 reasons
The Bureau of Labor Statistics' jobs report revisions are standard practice to improve data accuracy as more businesses respond to surveys, contrary to President Donald Trump's claims of rigged numbers.
Bank of America's CEO responds to weak jobs report that spurred Trump firing of BLS chief
Bank of America CEO Brian Moynihan said there must be better ways to collect employment data after President Trump fired the BLS commissioner following a weak jobs report.
In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why
Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.
Trump orders termination of labor statistics official after jobs report and downward revisions
Trump criticizes July jobs report showing only 74,000 jobs added and announces plan to fire Bureau of Labor Statistics commissioner Erika McEntarfar.
A new elite member credit card is out as issuers target wealthy customers
Major banks including Citi, JPMorgan Chase and UBS expand premium services and credit cards to attract wealthy clients with specialized offerings.
US job growth cooled in July amid growing economic uncertainty
The Labor Department released its jobs report for July which showed the U.S. economy added 73,000 jobs last month, amid uncertainty around trade and monetary policy.