Business

Wholesale inflation eases to 2.3% in April, lowest level in two years

Inflation at the wholesale level rose less than expected in April, the latest sign that painfully high consumer prices are beginning to loosen their stranglehold on the U.S. economy one

Jobless claims rise sharply to highest level since 2021

The number of Americans filing for unemployment benefits last week jumped to the highest level since 2021, the latest sign the historically tight labor market is cooling off in the

What is the debt ceiling, and what does it mean for you?

The U.S. government could default on its debt within a matter of weeks, jeopardizing payments to millions of Americans and businesses.  Treasury Secretary Janet Yellen warned last week that the

Jamie Dimon warns US debt default is ‘potentially catastrophic,’ says JPMorgan has a ‘war room’

JPMorgan Chase CEO Jamie Dimon warned on Thursday of disastrous implications for the economy if Congress fails to raise the debt ceiling and the U.S. defaults on its financial obligations. 

Former Fed president says he wouldn’t raise rates ‘if I were sitting in my old

As analysts start to speculate about the Federal Reserve’s next rate move as a potential credit crunch looms over markets, one former Fed bank president advised extreme caution with their

April jobs report likely to point to slowdown in hiring last month

U.S. job growth likely cooled markedly in April as rising interest rates and a slowing economy began to take a toll on hiring.  The U.S. Department of Labor’s high-stakes April

Department of Transportation to propose requirements for airlines to compensate stranded passengers

The Department of Transportation announced Monday its plans for a new rulemaking process requiring airlines to compensate passengers whose flights were delayed or canceled. The proposal would require airlines to

America’s top small business could win $25,000 to expand

The U.S. Chamber of Commerce said Thursday a small business in America could win a sizable monetary prize as part of an awards program it is running.  The winner of

Americans bracing for higher inflation in the long term, NY Fed survey shows

Americans are bracing for higher inflation over the next few years even as they anticipate a drop in consumer prices over the short term, according to a key Federal Reserve

Florida Chamber of Commerce Celebrates Legislative Session Wins for Business

The Florida Chamber of Commerce has celebrated a series of victories for businesses in the recently concluded legislative session. The group counted expansions on school choice and limits on lawsuits