Federal Reserve Chairman Jerome Powell signaled the U.S. economy is at risk of tipping into a recession.
Category Archives: business
Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years
Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages.
Tesla worker rejects $15 million payout in race bias lawsuit
A Black former elevator operator at Tesla’s flagship California assembly plant on Tuesday rejected a $15 million award in his lawsuit alleging racial abuse by
More than 1,300 Southwest Airlines pilots march on picket line, say they're overworked and underpaid
More than 1,300 Southwest Airlines pilots stood on a picket line Tuesday in Dallas, sounding off about what they say are unfair working conditions.
Biden appoints first Native American as U.S. treasurer, with signature on money
Treasury Secretary Janet Yellen will announce the nomination of Mohegan Indian Tribe Lifetime Chief Marilynn Malerba as U.S. treasurer.
Kellogg shares jump on plans to separate into three companies
Kellogg is planning to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses.
Twitter is a step closer to approving $44 billion buyout deal with Elon Musk
Twitter’s board of directors advised shareholders to approve the $44 billion buyout deal Elon Musk first proposed in April.
Tesla sued by former employees over 'mass layoff'
Former Tesla employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a “mass layoff” violated federal law as
Dartmouth College is eliminating student loans and replacing them with scholarships
Dartmouth College is removing all federal and institutional loans from its undergraduate financial aid awards and replacing them with expanded scholarship grants.
Airlines under pressure ahead of July 4 after another weekend of cancellations
Roughly 3,500 flights have been canceled since Friday, repeating Memorial Day’s mayhem. Though heat is a factor, experts say the crux of the issue is how the industry handled the billions of dollars they received in pandemic relief initially meant to ensure post-pandemic travel. Staffing shortages continue to fuel disruptions after thousands of employees left the industry. After the holiday weekend chaos, airlines are under pressure ahead of July 4th, when millions more are expected to fly.