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Category: Finance
10 hottest rental housing markets in the US this summer
Zillow's new report ranks the hottest U.S. rental markets for summer, with the Northeast and California…
New York hotel rates set to rise after historic union contract boosts labor costs
Hotel operators say New York City travelers could face higher room prices after a landmark labor…
Starbucks to cut 300 US jobs, close some regional support offices
Starbucks said on Friday that it is slashing 300 U.S. support roles and closing some regional…
Chipotle rival Guzman y Gomez Mexican Kitchen closes all US restaurants
Guzman y Gomez, which once planned hundreds of U.S. locations, has permanently closed all American restaurants…
Kevin Warsh sworn in as Federal Reserve chair
Supreme Court Justice Clarence Thomas swore in Kevin Warsh as the chair of the Federal Reserve…
Inflation continued to rise in April as Iran war impacted energy prices
Inflation continued to rise in April as consumer price growth has picked up due to the…
Three major hospital systems accuse CVS of secretly siphoning hundreds of millions in drug savings
Three major hospital systems have accused CVS of allegedly diverting hundreds of millions from the federal…
Philadelphia voters approve first city-run retirement savings program for workers without 401(k) plans
Philadelphia passed a ballot measure creating PhillySaves, the nation's first city-run auto-IRA program for workers lacking…
Top economist sounds alarm on America’s 40% recession risk, warns stocks are disconnected from reality
Moody's chief economist Mark Zandi says there is a 40% chance of a U.S. economic downturn…
Federal budget deficit projected to hit $2 trillion this fiscal year, ranking among largest in US history
The U.S. is projected to run a budget deficit of at least $2 trillion in fiscal…
Saudi Aramco CEO warns oil markets may not recover until 2027 due to Hormuz disruptions
Saudi Aramco CEO says the global energy market has lost about 1 billion barrels of oil…
Why Gen Z is saying ‘no’ more often – and saving more money
Despite rising housing costs, Generation Z is saving more and relying less on financial help from…
5 cities that nail the retirement sweet spot
Americans retiring in 2026 may want to consider these five cities where cost of living, housing…
ChatGPT boom fuels a luxury housing frenzy in Bay Area
AI-driven wealth is fueling a luxury real estate surge in the Bay Area, with high-end home…
US national debt surpasses size of the economy for first time since World War II
The U.S. national debt held by the public has surpassed the size of the economy for…
Disney reportedly shelves ESPN spinoff talks in major call under new CEO
The Walt Disney Company is addressing growing ESPN spinoff speculation as CEO Josh D’Amaro makes one…
Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk
Tesla is recalling more than 218,000 vehicles due to delayed rearview camera images that could increase…
Walmart cutting or relocating about 1,000 corporate jobs
Walmart is reportedly cutting or relocating 1,000 corporate jobs as it simplifies its operating structure and…
Chevron CEO says economies ‘are going to have to slow’ as Strait of Hormuz closure disrupts oil supply
Chevron CEO Mike Wirth warns global oil shortages are coming as the Strait of Hormuz closure…