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Economy
USPS could slow service in certain areas as it seeks to cut costs
The United States Postal Service (USPS) is considering cost-cutting measures that could result in slower…
Russia will use cryptocurrency to handle backlogged payments to allies amid Western sanctions: reports
Russia will turn to cryptocurrency as the newest method to circumvent heavy international sanctions that…
Why mortgage rates are going up despite the Fed’s rate cut
Americans saw mortgage rates soar during the Federal Reserve's aggressive campaign to fight inflation, leading…
Where was inflation the highest in September? Boston, Chicago ranked near the top
Americans around the country are experiencing vastly different inflation rates depending on where they live in…
Mysterious $7B estate tax payment spurs questions about source of funds
A mysterious influx of more than $7 billion in estate tax payments to the Treasury Department…
Harvard fundraising slumps after antisemitism controversy
Donations to Harvard University and its endowment declined by a little more than $150 million…
Mortgage rates October 17 2024
Mortgage rates continued their upward climb this week, further hindering demand in the housing market…
Holiday spending projected to surpass $979B
The National Retail Federation (NRF) projected that holiday spending will increase this year to a…
Consumers see debt delinquency risk rising, higher long-term inflation: NY Fed
American consumers' expectations about the risk of debt delinquency rose to the highest level in…
Wholesale prices unchanged in September
U.S. producer prices were unchanged in September, pointing to a still-favorable inflation outlook and supporting…
JPMorgan’s Jamie Dimon warns of ‘critical issues’ that could affect US economy
JPMorgan Chase CEO Jamie Dimon on Friday warned investors about current risks to the global…
Boeing to cut 10% of workforce, halt most 767 production amid labor union strike
Boeing will lay off 10% of its workforce, approximately 17,000 employees, in the coming months…
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