The number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levels. The Labor Department reported Thursday that jobless claim applications fell by 4,000 to 217,000 for […]
Number of Americans filing for unemployment falls to lowest level in 6 months Read More »
Consumer prices rose 2.6% in October compared to a year ago, ticking upward from the previous month and reversing some of the cooldown achieved in recent months, U.S. Bureau of Labor Statistics data on Wednesday showed. The fresh report matched
Inflation accelerated in October, offering first look at prices since election Read More »
Federal Reserve Chair Jerome Powell struck a defiant tone this week when posed with the question of whether he would resign from his position if asked by President-elect Donald Trump. “No,” Powell said, pausing to let the one-word answer register
Fed chair says Trump can’t remove him. Could Trump still influence interest rates? Read More »
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday, setting the latest path for borrowing costs just two days after the victory of President-Elect Donald Trump. The move comes two months after the Fed
Federal Reserve cuts interest rates, days after election of Trump Read More »
The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels. The Labor Department reported Thursday that jobless claim applications rose by 3,000 to 221,000 for the week of Nov. 2. That’s
Slightly more Americans apply for unemployment last week; layoffs remain low Read More »
WASHINGTON — Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory.
Federal Reserve is set to cut interest rates again as post-election uncertainty grows Read More »
Restaurant chain TGI Fridays filed for bankruptcy protection Saturday, saying it is looking for ways to “ensure the long-term viability” of the casual dining brand after closing many of its branches this year. The Dallas-based company’s Chapter 11 filing in
TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue Read More »
The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years. The Labor Department reported Thursday that applications for jobless claims fell by
US unemployment applications fall; continuing claims hit highest level since 2021 Read More »
The number of Americans filing for unemployment benefits last week came back down to more recent ranges after a big jump the week before due to hurricanes in the Southeast. The Labor Department reported Thursday that applications for jobless claims
US filings for jobless applications see the biggest decline in three months Read More »
WASHINGTON — Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices. Retail sales rose 0.4% from August to September,
US shoppers spent more at retailers last month despite higher prices Read More »
