Costco CEO: A Lot of People Are Experiencing a Recession Right Now and ‘Just...
Costco CEO Craig Jelinek warned middle class is OK financially, but people with less discretionary spending having difficulty with economy.
IRS Waiving $1.2 Billion in Taxpayer Penalties; Here’s Who Qualifies
IRS will waive penalties levied against taxpayers who failed to file their 2019 and 2020 returns in a timely manner during COVID-19 pandemic.
Experts Divided Over Long-Term Economic Effects of the Inflation Reduction Act
Dems claim Inflation Reduction Act will reduce consumer prices and spur economic growth. Experts say it will worsen inflation and stagnation.
Fed Raises Interest Rates by 0.75 Percentage Point to Combat Inflation
Federal Reserve raised interest rates by another 0.75 percentage point during the July Federal Open Market Committee (FOMC) policy meeting.
Biden Jabs at Musk’s ‘Super Bad Feeling’ About Economy, Musk Replies With Disarming Tweet
Biden took a jab at Tesla CEO Elon Musk’s “super bad feeling” about the economy comment suggesting Musk was out of touch with reality.
Diesel Market to Stay Tight Into Winter: Chevron Chairman
“Markets are tight right now. Diesel, in particular, as we’ve seen here recently and likely to stay that way through the winter, I think,” Michael Wirth said.
Homeowners Should Brace for Property Price Drop: Data, Experts
Real estate prices have declined over the past several months, but there could be much more to come, data and some experts indicate.
R. Bruce Josten: Expiration of tax cuts would push economy over the cliff
WASHINGTON — No piece of legislation before the U.S. Congress requires action more urgently than extending the tax cuts of 2001 and 2003. Failure...
Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’
Walmart is concerned about the U.S. economic outlook this year after its latest earnings projections showed that consumers were under heavy pressure.
US Economy Adds 528,000 Jobs in July, Surpassing Estimates
The U.S. economy added 528,000 new jobs in July, topping the market estimate of 250,000, according to the Bureau of Labor Statistics (BLS).
3rd Wave of Inflation Will Be Unleashed If Fed Doesn’t ‘Get Its Act Together’:...
Mohamed El-Erian warned a third wave of inflationary pressures is building and will be “unleashed” if Federal Reserve doesn’t act quickly.
American Drivers Go Deeper Into Debt as Inflation Pushes Car Loans to Record Highs
As vehicle prices rise amid inflationary pressure, Americans buying new cars are taking on higher loans and going deeper into debt.
