Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.
Category Archives: business
Silver lining for consumers: Food price growth has gone flat and other prices are falling
Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries as the costs of housing and other services have continued to climb.
Red Lobster closing at least 99 locations as its future comes into question
At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future.
Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday.
Tom Brady learns when he’ll make his debut as a Fox Sports broadcaster
We now know when and where Tom Brady’s career in the announcer’s booth will begin.
How to get your foot in the door during a tough job market
From which jobs are hot right now to getting an edge in today’s hiring market, LinkedIn’s editor-in-chief Dan Roth stops by Studio 1A to share how to get your foot in the door.
Comcast to bundle Peacock, Netflix and Apple TV+ at a ‘vastly reduced price’
Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a deep discount, Comcast chief Brian Roberts said.
Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in
When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades.
Biden moves ahead on China tariff hikes that include quadrupling the rate on EVs
President Joe Biden will announce Tuesday that his administration is raising tariffs on $18 billion of Chinese exports, including electric vehicles, as the White House tries to fight what it says are unfair trade practices by its global competitor.
Troop movement seen by U.S. suggests Israel could expand Rafah operations soon
The U.S. has seen recent troop movement that indicates Israel could expand operations in Rafah soon, but it has not made a formal assessment about whether a full-scale invasion is imminent, according to two U.S. officials.