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Category Archives: business
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth.
Trump pushes new GOP platform softening party’s positions on abortion and same-sex marriage
The national Republican Party is set to abandon a decades-long push for a federal abortion ban and soften the stance on same-sex marriage in its platform.
Paramount merger sparks concern among movie theater owners
Paramount Global, the company behind “Top Gun” and Nickelodeon, agreed to merge with David Ellison’s Skydance.
Black lawmakers are a key line of defense for Biden as he fights to save his campaign
President Joe Biden is counting Black lawmakers to help him stave off Democratic defections and save his flagging reelection campaign.
S&P 500, Nasdaq close at all-time highs ahead of inflation data and second-quarter earnings reports
The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable.
U.S. runner Weini Kelati’s Olympic journey is a childhood dream in the making
Before Weini Kelati was running 10,000 meters to a finish line, she was running long distances to school in Eritrea.
Walmart, Chipotle and others feel the heat over prices
Even as inflation cools, customers are still bristling at higher prices while criticizing companies like Walmart, Wendy’s and Chipotle.
Target will stop accepting personal checks
Target will soon stop accepting personal checks as a form of payment at checkout.
Air travel demand is breaking records. Airline profits are not.
Record summer air travel demand isn’t translating to record U.S. airline profits.