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, ...
Tag: Economy
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 ...
Fed’s Jerome Powell says ‘clock is running’ to cut inflation
The Federal Reserve will not let the economy slip into a “higher inflation regime” even if it means raising interest ...
NY Fed President John Williams calls for higher interest rates
New York Federal Reserve Bank President John Williams on Tuesday called for further rapid interest-rate hikes to slow the economy and inflation, including a possible second ...
Gas stations reportedly put holds of up to $175 on card swipes
US gas prices have surged so much in recent months that major payment processing firms have reportedly increased the size ...
Joe can’t even fill in FCC post with leftist nomination
You can go back to October of last year to trace the slow-moving train wreck that has been Gigi Sohn’s ...
New home sales jump 10.7% in May
Sales of new US single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase ...
Netflix orders second round of layoffs, streaming giant slumps
Netflix confirmed Thursday that it is conducting a second round of layoffs as the streaming giant grapples with a slump ...
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