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Federal Reserve Chairman Jerome Powell speaks at a press conference following the conclusion of the Federal Open Market Committee meeting and a 0.75 percent increase in the federal funds rate in Washington, D.C., on Wednesday, Sept. 21, 2022.
US jobless claims rise slightly, still near lowest since May
Applications for U.S. unemployment insurance ticked up from an almost four-month low, suggesting demand for workers remains healthy despite an increasingly uncertain economic outlook.Initial … more
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The Twitter icon on a cellphone.
Twitter begins testing edit button: ‘this is happening and you’ll be okay’
Twitter’s long-awaited — and controversial — edit button is finally here.The social media company announced Thursday that it has started testing the option internally before plans to roll it … more
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A "We Are Hiring" sign is posted in front of a restaurant in Los Angeles, California on Aug. 17, 2022.
US adds 315,000 jobs as participation jumps and wages rise
U.S. employers added jobs at a healthy, yet more moderate pace in August, offering little evidence of any kind of definitive slowdown despite a jump in unemployment.Nonfarm payrolls increased 315,000 … more
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A cashier processes a customer's order in a Kroger grocery store on July 15, 2022, in Houston.
Jobs report shows supply returning even as Fed focuses on demand
The August U.S. jobs report contained hints of a long-awaited increase in labor supply. The big question for the central bank is whether that can continue even as it attempts to engineer an economic … more
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A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. ()
US jobless claims fall for second week, a sign of labor strength
Applications for U.S. unemployment insurance fell for the second week, suggesting that employers are holding on to workers despite growing economic uncertainty. Initial unemployment claims … more
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US consumer borrowing jumps by more than $40 billion, second-most ever
U.S. consumer borrowing surged in June, reflecting a jump in credit-card balances and a record increase in non-revolving lending that includes auto and school loans. Total credit increased $40.2 … more
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A "now hiring" sign outside the Leander Lube Express on Crystal Falls Parkway in Leander, Texas, on August 3, 2022.
US job growth surges, tempering recession worries and pressing Fed
U.S. employers added more than double the number of jobs forecast, illustrating rock-solid labor demand that tempers recession worries and suggests the Federal Reserve will press on with steep … more
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A group of Texas cities has sued Netflix and other streaming services, claiming the companies owe cities years' worth of unpaid franchise fees. Credit:
Texas cities say streaming giants Disney, Hulu and Netflix owe them millions of dollars in unpaid fees
A lawsuit filed last Thursday by 25 Texas cities claims that Disney, Hulu and Netflix have for years stiffed the cities out of dollars the streaming giants are required to pay under state law — … more
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A "now hiring" sign is displayed outside of a Burlington Coat Factory retail store on March 11, 2022 in downtown Los Angeles. (Patrick T. Fallon/AFP/Getty Images/TNS)
US job growth surges, tempering recession fears and pressing Fed
U.S. employers added more jobs in July than forecast, illustrating rock-solid labor demand that tempers recession fears and suggests the Federal Reserve will press on with steep interest-rate hikes … more
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U.S. economic productivity during the pandemic was driven entirely by firms with remote work capacity, according to a new study.
Remote work fueled US productivity growth during pandemic, study says
U.S. economic productivity during the pandemic was driven entirely by firms with remote work capacity, according to a new study co-authored by Robert Gordon of Northwestern University.Productivity in … more
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Chairman of the Federal Reserve Jerome H. Powell on Capitol Hill on June 23, 2022, in Washington, D.C.
Two US cost gauges surpass estimates, stoking inflation concern
Two key U.S. inflation gauges posted larger-than-forecast increases on Friday, heightening concerns that prices will remain persistently high and prompt continued aggressive interest-rate increases … more
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Mortgage rates have followed a seesaw pattern in recent months.
Mortgage rate forecast: Recession worries may keep rates in check
Many factors are putting upward and downward pressure on mortgage rates, and prospective borrowers have observed a seesaw pattern in the cost to finance a home recently.While the benchmark 30-year … more
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The View at Cedar Park Town Center apartments.
Big, boxy apartment buildings are multiplying faster than ever
Amid the materials shortages, price hikes and other craziness of the housing market last year, something remarkable happened. U.S. builders completed more apartments in large multi-unit buildings … more
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A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. (Olivier Douliery/AFP via Getty Images/TNS)
US jobless claims fall slightly, remain near five-month high
Applications for U.S. unemployment insurance fell, though remained near January levels, suggesting that labor market conditions are moderating. Initial unemployment claims decreased by 2,000 to … more
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Deadline approaching in Texas for SBA disaster loans for property
There is a July 5 deadline to apply for a Small Business Administration federal disaster loan for property damage caused by the severe storms and tornadoes in Bastrop, Grayson, Houston, Jack, … more
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Murphy’s Service Center owner Chuck Graff with the sign he put up at his St. Anthony gas station. Profit margins are very narrow for gas station owners, even as prices rise. (Jeff Wheeler/Minneapolis Star Tribune/TNS)
For gas station owners, record prices aren’t the windfall people think
About a decade ago, when gas prices last surged above $3 a gallon, Chuck Graff put up a message on the sign at his St. Anthony, Minnesota, gas station: "We Hate Our Gas Prices Too." Early this … more
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More than half of global consumers didn’t save during pandemic
More than half of consumers in major economies didn’t build up their savings during the pandemic, a survey shows.The research in 18 nations by YouGov Plc, shared exclusively with Bloomberg News. … more
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Round Rock approves incentives agreement with Valex Corp.
The Round Rock City Council approved an agreement with technology products manufacturer Valex Corporation to bring more than $12 million in capital investments and 75 new jobs to the area over the … more
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The price of gasoline approaches close to $8 a gallon at the Chevron gas station located at the intersection of Cesar. E. Chavez Ave. and Alameda Street in downtown Los Angeles. (Mel Melcon/Los Angeles Times/TNS)
The Week Ahead: Inflation, confidence and the waning belief in a soft landing
Sell in May and go away is the tired investing adage. Well, will the investment markets now swoon in June? Talk of an impending recession grew much louder in May even without accompanying economic … more
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American Eagle and American Airlines planes make their way toward the runway before taking off at Dallas Fort Worth International Airport on Monday, Nov. 16, 2020, in Dallas. (Vernon Bryant/Dallas Morning News/TNS)
American Airlines has parked 100 jets due to pilot shortage
A shortage of pilots from retirements and pandemic cutbacks has forced Fort Worth-based American Airlines to park about 100 of its smaller regional jets, even amid strong summer passenger … more
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