Tag: Breaking News: Economy

Beyoncé bounce: Western boot sales jump more than 20% week over week since ‘Cowboy Carter’ launch

Beyoncé leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on Feb. 13, 2024.James Devaney | GC Images...

Laid-off techies face ‘sense of impending doom’ with job cuts at highest since dot-com crash

Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses...

Tech’s longtime highfliers are growing up by getting smaller

Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022.Tayfun Coskun | Anadolu Agency |...

‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment

Investor Steve Eisman of "The Big Short" fame is questioning the level of bullishness on Wall Street — even with the market's tepid start...

Small music venues fight to keep prices affordable as inflation eats into profits

Melis82 | Istock | Getty ImagesIt has never been easy for small or independent music venues to turn a profit. Now, with inflated operating...

Bad news for Black Friday: Retailers cast doubt on holiday shopping with cautious guidance

A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov....

Ray Dalio says to hold cash ‘temporarily’ — but don’t buy debt and bonds

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute ConferenceBloomberg | Bloomberg | Getty ImagesAs concerns mount over rising...

Fed’s Bostic sees interest rate hike coming next year as inflation lingers

Atlanta Federal Reserve President Raphael Bostic said Thursday that he sees an interest rate hike coming later in 2022 as he forecasts a growing...

Fed holds rates near zero, says economy has gotten better even with pandemic worries

The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic...

Millions still without power in Texas as grid falters

People line up to fill their empty propane tanks Tuesday, Feb. 16, 2021, in Houston. Temperatures stayed below freezing Tuesday, and many residents were...

Retail sales surge 5.3% in January vs. 1.2% estimate

Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021, according...

White House has acquired 200 million more Covid vaccine doses, report says

President Joe Biden makes brief remarks before signing several executive orders directing immigration actions for his administration in the Oval Office at the White...

Jobless claims worse than expected as pandemic-related filings surge

First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief for the jobs market.The total for the week...

Fed’s Mester doesn’t see policy changes coming from GameStop saga

Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets.However, she...

Fed’s Bostic says economy could recover more quickly than expected

Atlanta Federal Reserve President Raphael Bostic said Monday that he's not worried about the U.S. economy overheating, though he does think growth could happen...

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Cassie’s Husband to Diddy After Assault Video: ‘Men Who Hurt Women Hate Women’

Cassandra “Cassie” Ventura’s husband Alex Fine is standing by...

Mercedes-Benz workers in Alabama vote against UAW union membership

United Auto Workers (UAW) members and supporters on a...