US economy adds 372K jobs in June despite recession fears
U.S. job growth increased more than expected in June and the unemployment rate remained near pre-pandemic lows, signs of persistent labor market strength that ...
Tag: Economy
Michael Burry takes jab at Elon Musk over baby revelations
“Big Short” investor Michael Burry appeared to jab at billionaire Elon Musk on Thursday after the Tesla CEO framed the ...
Mortgage rates fall as Federal Reserve prepares for more hikes
Average long-term US mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing ...
Inflation fears drove Fed to sharply hike rates: minutes
Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much ...
Job openings slip, but employment landscape remains solid
US employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained ...
Some McDonald’s ditching dollar-drink promo over inflation
Not even the dollar-drink specials on McDonald’s value menu are safe from the impact of inflation. A number of McDonald’s ...
Key inflation gauge tracked by the Fed remains a high 6.3%
A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, ...
Bitcoin dips below $19K as crypto fund Three Arrows implodes
Bitcoin briefly sank below $19,000 on Thursday, hitting a fresh low for the year as investors digested the collapse of ...
Sheetz CEO offers gas at $3.99 a gallon through July 4 weekend
Family-owned convenience store chain Sheetz is cutting prices at the pump ahead of July 4. President and CEO Travis Sheetz said the ...
First-quarter GDP shrank by 1.6%, more than expected
The US economy shrank at a 1.6% annual pace in the first three months of the year, the government reported ...
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