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Expect interest rate hikes to continue into 2023, Fed official says
San Francisco Federal Reserve president Mary Daly said Thursday morning that raising interest rates by either half or three quarters of a percentage point in September would be a "reasonable" way to bring inflation down.
Nearly 5 million kids might miss out on food assistance if these states don’t act by Friday
Nearly 5 million children in eight states could lose out on some extra funds for food unless their state officials sign up for a federal relief program by Friday.
Elizabeth Warren is 'just plain wrong' to blame corporations for high inflation, Chamber of Commerce CEO says
US Chamber of Commerce CEO Suzanne Clark is pushing back against Senator Elizabeth Warren and others who blame high inflation on dominant corporations.
JPMorgan dramatically slashes Tesla's stock price forecast
The Tesla crash may just be getting started. At least that's what JPMorgan Chase thinks. The Wall Street firm dramatically slashed its price target on Elon Musk's car company on Monday, causing Tesla shares to briefly tumble.
Putin arrives in Iran for first trip outside former Soviet Union since his invasion of Ukraine
Russian President Vladimir Putin arrived in Iran on Tuesday for his first international trip beyond the borders of the former Soviet Union since he launched Russia's invasion of Ukraine in February.
Tesla is cutting prices in China
Tesla cars are getting cheaper in China. The company is cutting the prices of its Model X and Model S cars in China by about 6% after Beijing said it would slash duties on imported passenger vehicles, starting July 1.
New LG Smartphone Keeps Mosquitoes Away
LG hopes its latest smartphone could stop you catching malaria. The LG K7i, launched by the South Korean firm at the India Mobile Congress this week, is embedded with technology that it says will keep mosquitoes away.
Brandon Truaxe, founder of skincare brand Deciem, has died at 40
Brandon Truaxe, the founder of Canadian skincare company Deciem, has died at the age of 40, the firm announced in an Instagram post.
Perdue Recalls Chicken Sausage Links After Plastic Sightings
Chicken sausage products that might contain bits of plastic are being recalled by Perdue Foods, the US Department of Agriculture's Food Safety and Inspection Service said Saturday.
Trump's Nordstrom Blast Retweeted By @POTUS
President Trump tweeted a jab at Nordstrom department stores from his personal account Wednesday morning, which was then retweeted by the official @POTUS account.
Stamp prices are going up starting Sunday
The US Postal Service will increase prices on first-class mail stamps to 66 cents from 63 cents.
GE's $24 billion buyback boondoggle
General Electric is seriously strapped for cash. The conglomerate has laid off workers, slashed its dividend and put long-held businesses up for sale.
Is this as good as it gets for Big Oil?
The highest oil prices in a decade. A renewed government focus on energy security. Huge demand for refining crude so it can be used as fuel.
Trump should be commended for trying to save the US energy industry
For years, the US oil industry has had to compete for space with agriculture goods and other commodities on railways and public roads, raising energy prices and increasing congestion on the highways and smaller roads American travelers depend on every day.
14 Issues Trump Is Sidelining to Focus On the NFL
President Donald Trump devoted much of the online portion of his weekend to attacking NFL player-protesters and boosting calls for a boycott of the league.
White House says Russia planning to falsify evidence to frame Ukrainian forces for prison attack
US officials believe Russia is preparing to falsify evidence to blame Ukrainian forces for last week's deadly blast at the Olenivka prison ahead of visits to the site by outside parties.
'Omicron' cryptocurrency soars on new variant
As global markets fell last week on news of the new Omicron coronavirus variant, one cryptocurrency with the same name soared after the Greek letter entered the investor lexicon.
Inflation hurts. But White House economists find that it’s even worse in every other G7 nation
The United States is recovering faster than its peers from the historic bout of inflation squeezing families and souring the mood of the nation, according to a new analysis from White House economists.
Meet the woman who wrote the Toys 'R' Us jingle
Linda Kaplan Thaler wasn't entirely sure how her Toys "R" Us jingle would go over at first. It was the early 1980s and she was a junior copywriter at the J. Walter Thompson ad agency, which was tasked with inventing a catchy tune for the toy company. The song that Thaler whipped up used a slogan — "I'm a Toys 'R' Us Kid" — co-created by James Patterson, the future crime novelist who at the time was a colleague of hers.
Amazon Go stores are coming to Chicago and San Francisco
Amazon's cashier-free grocery store of the future is coming to San Francisco and Chicago. The company is expanding its experimental Amazon Go store to the two US cities, but did not say when they would open. It has posted job listings for store managers in the cities on its own site, which were first noticed by the Seattle Times.
