Business
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U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation. The value of overall retail … more
Last week, the Federal Reserve announced that it is raising interest rates by half a percentage point, bumping the federal funds rate to a target range of 0.75 to 1.00 percent. The move follows an … more
Steven Gentile had to shut down his amusement park for the entire 2020 season, burning through his emergency fund halfway through the year and taking on over $1 million in … more
Consumers seem undaunted by higher prices of everything from luxury cars to beer, letting companies like Anheuser-Busch InBev NV and BMW AG boost profits despite economic threats ranging from … more
Even as he sees long-term changes to how people work and travel for business, Delta Air Lines CEO Ed Bastian said international and business passengers are coming back strong. Travel across the … more
Consumers aren’t the only ones feeling the pinch from the rapid rise in interest rates this year. More mortgage firms are starting to let workers go as demand for mortgage refinancings falls … more
Starbucks Corp. violated federal law by firing, threatening, and carrying out surveillance on union activists in New York, U.S. labor board prosecutors alleged in a complaint. The agency’s … more
Overturning Roe v. Wade risks widening economic inequality in the U.S., threatening decades of gains for women in places where abortion could be all but banned. On Tuesday the Supreme Court … more
A day after celebrating the Federal Reserve’s signal that it wouldn’t be making any jumbo-sized moves, traders woke up on Thursday deciding that the central bank will struggle to fight … more
Across the country, 70% of metro areas experienced double-digit home price gains in the first quarter, according to a new report from the National Association of Realtors. Prices for existing … more
U.S. companies added in April the fewest jobs in the pandemic recovery, underscoring the persistent challenges faced by small firms to increase headcount in a tight labor … more
For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control … more
U.S. inflation-adjusted consumer spending rose in March despite intense price pressures, indicating households still have solid appetites and wherewithal for shopping.Purchases of goods and services, … more
The bombshell leak of a Supreme Court draft ruling overturning the right to abortion has put the issue to the forefront of the coming U.S. election battle, and will likely reverberate around … more
Jerome Powell doesn’t like to bless bets in financial markets, but he could shift the needle this week on how high investors expect the Federal Reserve to raise interest rates to cool … more
At a council meeting last month, Cedar Park approved a zoning change that will pave the way for television shopping network Shop LC to move its headquarters from Round Rock to Cedar Park.?Plans to … more
Prices paid to U.S. producers jumped in March from a year ago by the most in records back to 2010, topping all estimates and underscoring persistent early stage inflationary pressures that risk … more
U.S. consumer prices rose in March by the most since late 1981, bolstering expectations that the Federal Reserve will raise interest rates by half a point next month. The consumer price index … more
Alphabet Inc.’s Google is poised to dodge court sanctions after it was called out by the Justice Department for hiding documents from government lawyers. A federal judge said Friday he … more
For anyone who wants a phony pay stub or doctored tax return, an easy source is just a click away. A website called banknovelties.com claims it can provide “fake bank statements” as … more
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