U.S. initial jobless claims reach highest level in nearly six months  

More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week

July 4th travel surpasses 2019 pre-pandemic levels 

The July Fourth holiday weekend is off to a booming start with airport crowds crushing the numbers seen in 2019, before the pandemic.

US unemployment claims continue to drop 

Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors

Fed chair: ‘No guarantee’ anti-inflation measures won’t hurt job market 

Federal Reserve Chair Jerome Powell says there's “no guarantee'' the central bank can tame runaway inflation without hurting the job market.

US government conducting first onshore lease sale since Biden took office 

The U.S. government this week is holding its first onshore oil and gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries.

US economy slipped 1.6% to start year 

The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported this morning in a slight downgrade from its previous estimate for January-March quarter

Price gouging merely a minor factor in runaway inflation

Furious about surging prices at the pump and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly raise prices and pocket the profits.

Job market remains robust as initial unemployment claims dip further  

Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite high inflation and myriad other economic pressures.

US charitable giving reached record high in 2021

Charitable giving in the U.S. reached a record $485 billion in 2021, though the increase did not keep pace with inflation, according to a report this morning offering a comprehensive look at American philanthropy.

Treasury Secretary Yellen open to gas tax holiday   

Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow...