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Powell Letter Addresses White House Criticism of Fed Renovations
Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.
A top Fed official, considered a candidate to replace Powell, keeps calling for a rate cut this month
A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers
Netflix Earnings Soar Past Expectations. How a Weak Dollar Helped Boost Results.
Wall Street analysts are expecting earnings per share of $7.08, up from $4.88 last year, and revenue of $11.1 billion, up 16%.
The stock market isn’t waiting around for Aug. 1 to decide if tariffs will hurt consumers
Retail sales for June point to something the stock market already feels pretty confident about: U.S. consumers will keep spending, even if bigger tariff hit in August.
The economy enters its budget shopping era, with consumers doubling down on value even as they ramp up spending
The average American consumer is still spending, but they’re getting pickier about where the money goes, according to recent data.
Michigan's jobless rate drops for 2nd consecutive month but still exceeds U.S. rate
Michigan’s unemployment rate declined for the second consecutive month in June, although the state's jobless rate still remains higher than the U.S. rate. The state's jobless rate declined slightly
Social Security’s 2026 COLA on track to break a 29-year trend
That's better known as the annual Social Security benefits increase, or the raise that Social Security retirees get in most years. The Social Security Administration looks at changes to a basket of
Netflix notches a record quarter and signals more growth ahead
Netflix posted record-setting revenue and earnings for the second quarter on Thursday. The streamer also raised its forecast for the year. Analysts are eyeing the platform's plans to scale through
'One Big Beautiful Bill' offers Americans lots of tax benefits. Here are a few to plan for
It's not tax season, but now that Trump's spending bill is final, it's a great time to plan, experts say. Don't overlook these new benefits.
Mike Rowe reveals which essential jobs AI can't touch – and why Americans should pay attention
The construction industry needs to attract 439,000 new workers in 2025 and 499,000 in 2026 as Mike Rowe warns of implications from the skilled labor shortage.
Bankrupt hospital chain sues CEO over 'billions' as it liquidates
While dozens of hospitals owned by the chain have closed, its former CEO bought a superyacht and lived a lavish lifestyle.
Oracle looks to join an exclusive club as it approaches this financial milestone
With the cloud giant’s stock rising 3.1% on Thursday, Oracle is within a hair of surpassing a $700 billion market capitalization. Its shares clinched a new closing high of $248.75 at the end of the
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