U.S. consumer confidence near record low as frustration with economy rises
By Lucie Mutikani WASHINGTON, Oct 9 (Reuters) – U.S. consumer confidence fell further in early October as the rising cost of living due to conflict in the Middle East worsened consumer sentiment on the economy, further bad news for President Donald…
Jimmy Kimmel ridicules Elon Musk’s Trump science prize
“Today in Washington, Trump awarded the National Medal of Science to its owner, Elon Musk. And look at that, look at the body language here,” Kimmel said, introducing a clip from the presentation. “He’s definitely someone we can…
These 18 million households are now the richest in the United States, according to new data from the Fed.
Sometimes the key to building wealth is simply staying put, new data from the Federal Reserve suggests. The 18 million U.S. households headed by someone 75 or older have the highest median net worth of any age group, according to the Fed’s…
Union leader vilified by Trump is re-elected to the UAW
United Auto Workers President Shawn Fain, an opponent of President Donald Trump, said he won re-election Friday, giving him another four-year term as head of one of the nation’s most powerful unions, which plays a vital role in Michigan politics.…
Bessent taps former Trump Fed pick Shelton to advise on China
Secretary of the Treasury Scott Bessent named Judy SheltonPresident that of Donald Trump former pick of the Federal Reserve, as a senior advisor focused on China. Shelton will serve as an advisor in Bessent office, the Treasury Department announced…
Fired OpenAI employees raise security concerns: NPR
Three employees recently fired by OpenAI say the company punished them for speaking out about security. OpenAI disputes these claims and says they were rejected for mishandling sensitive information. Andrej Ivanov/AFP via Getty Images hide caption toggle…
Utah-based Crumbl closes dozens of locations as inflationary pressure cuts sales
SALT LAKE CITY — Utah-based Crumbl is closing dozens of stores and laying off employees at company headquarters after a series of poor sales reports. The cookie company’s sales in August were 70% lower this year than two years ago, according to…
Trump’s gamble is not paying off
President Donald Trump bet that importing more beef would lower prices enough to soften the political blow for angry ranchers. His bet was not rewarded. Prices have barely budged, ranchers remain furious and vulnerable Republicans in Iowa, Kansas,…
Downtown hotel workers go on strike ahead of Chicago Marathon
CHICAGO (WLS) — Workers at six Chicago hotels went on strike Friday morning. The strike affects workers at the Millennium Hotel Knickerbocker Chicago, Palmer House, Sheraton Grand Chicago Riverwalk, Waldorf Astoria Chicago, Westin Chicago River…
Humana and Clover soar thanks to Medicare Advantage star ratings
Shares of Humana and Clover soared Friday after their Medicare Advantage plans earned improvements from the U.S. Department of Health for the quality of their care. The Centers for Medicare and Medicaid Services (CMS) has raised the star rating of a key…