Powell signals increased interest rate hikes if economy stays strong
Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.
Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.
Education industry at highest risk for layoffs over next 6 months: survey
A recent survey reveals that the education sector was the most susceptible to layoffs in 2023 if there's a recession.
A recent survey reveals that the education sector was the most susceptible to layoffs in 2023 if there's a recession.
Sanders schedules vote to force Starbucks CEO to testify
Sen. Bernie Sanders is raising the stakes in his effort to get Starbucks’ interim CEO Howard Schultz to testify at a Senate hearing about an ongoing unionization effort at the company.
Sen. Bernie Sanders is raising the stakes in his effort to get Starbucks’ interim CEO Howard Schultz to testify at a Senate hearing about an ongoing unionization effort at the company.
'Real leader': Biden nominates Julie Su as next US labor secretary
Julie Su, a civil rights attorney and former head of California’s labor department, was central to negotiations between labor and freight rail companies late last year, working to avert an economically debilitating strike.
Julie Su, a civil rights attorney and former head of California’s labor department, was central to negotiations between labor and freight rail companies late last year, working to avert an economically debilitating strike.
Bill to legalize duplexes, fourplexes in Washington advances
A bill that would legalize duplexes and fourplexes in most neighborhoods in nearly every Washington city has cleared another committee in the state Legislature.
A bill that would legalize duplexes and fourplexes in most neighborhoods in nearly every Washington city has cleared another committee in the state Legislature.
Can the Fed keep raising interest rates without causing a recession? Research says no
Such an "immaculate disinflation" has never happened before, economists say.
Such an "immaculate disinflation" has never happened before, economists say.
Fed officials signal more rate hikes likely amid sticky inflation, minutes show
Federal Reserve policymakers see more interest rate hikes ahead.
Federal Reserve policymakers see more interest rate hikes ahead.
Plunging natural gas prices eases inflation concerns
Natural gas accounts for nearly 25% of residential energy needs, making it a big driver in last year’s worst bout of inflation in 40 years.
Natural gas accounts for nearly 25% of residential energy needs, making it a big driver in last year’s worst bout of inflation in 40 years.
White House says GOP plans would add $3 trillion to national debt
The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher.
The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher.
Report: Boeing to cut 2,000 finance and HR jobs in 2023
A statement by the Virginia company says the jobs will be reduced “through a combination of attrition and layoffs” this year.
A statement by the Virginia company says the jobs will be reduced “through a combination of attrition and layoffs” this year.
More Americans live paycheck to paycheck, report finds
A report found 166 million consumers in the US fall into that category.
A report found 166 million consumers in the US fall into that category.
Bed Bath & Beyond closing 87 additional stores. Here’s the list of locations
The latest store closings are impacting the struggling retailer as it considers its options, including possibly filing for bankruptcy.
The latest store closings are impacting the struggling retailer as it considers its options, including possibly filing for bankruptcy.
How the latest Fed interest rate hike could impact you
The rate increase will likely make it even costlier to borrow for homes, autos and other purchases.
The rate increase will likely make it even costlier to borrow for homes, autos and other purchases.
Exxon earns record profits in 2022 with surge in energy prices
Exxon raked in over $12 billion in profits to raise its annual net income to a staggering $55.7 billion.
Exxon raked in over $12 billion in profits to raise its annual net income to a staggering $55.7 billion.
Walmart trying out more 'upscale' stores with launch of new designs, upgrades
The retailer has renovated nearly 1,000 stores with the redesigns, and several have recently opened.
The retailer has renovated nearly 1,000 stores with the redesigns, and several have recently opened.
Pike Place Market kicks-offs ‘Local Appreciation’ celebration
Pike Place Market hosted it’s first-ever "Local Appreciation Day" on Saturday; a celebration that will continue into February.
Pike Place Market hosted it’s first-ever "Local Appreciation Day" on Saturday; a celebration that will continue into February.
Hasbro laying off 1,000 employees amid cost-savings push
The company well-known for Monopoly, Play-Doh, and My Little Pony toys says the layoffs are 15% of its global full-time workforce.
The company well-known for Monopoly, Play-Doh, and My Little Pony toys says the layoffs are 15% of its global full-time workforce.
Chipotle looks to hire 15,000 people in US amid continuing labor shortage
Other chains, including Taco Bell and Starbucks, are also looking for workers.
Other chains, including Taco Bell and Starbucks, are also looking for workers.
U.S. economy showed solid growth, but slowdown expected in coming months
The resilience of the U.S. job market has been a major surprise, but analysts say the good times for America’s workers aren’t likely to last.
The resilience of the U.S. job market has been a major surprise, but analysts say the good times for America’s workers aren’t likely to last.
Manchin introduces bill to delay tax credits for electric vehicles
Tax credits for electric vehicles are a key feature of President Joe Biden's landmark climate law.
Tax credits for electric vehicles are a key feature of President Joe Biden's landmark climate law.