Economy Sep 26 U.S. consumer confidence falls in September as American anxiety about the future grows The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.
Economy Aug 22 UPS workers approve 5-year contract agreement to end negotiations The union representing 340,000 UPS workers says its members voted to approve the tentative contract agreement reached last month.
Economy Aug 17 Average long-term U.S. mortgage rate climbs to 7.09 percent this week, highest level in over 20 years Sharply higher rates are contributing to a dearth of available homes, as homeowners who locked into lower borrowing costs two years ago are now reluctant to sell and jump into a higher rate on a new property.
Economy Aug 17 U.S. jobless claims applications fall as labor market remains resilient Applications for unemployment benefits dropped by 11,000 to 239,000 for the week ending August 12, down from 250,000 the previous week, the Labor Department reported Thursday.
Politics Jun 22 WATCH: Fed Chair Jerome Powell reinforces likelihood of more rate hikes Chair Jerome Powell reiterated Thursday that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy's service sector and the surprisingly tight job market.
Nation May 23 UPS strike looms in a world increasingly reliant on delivery services UPS delivers millions more packages every day than it did just five years ago and its 350,000 unionized workers, represented by the Teamsters, still seethe about a contract they feel was forced on them in 2018.
Economy Apr 27 Unemployment claims keep falling as labor market remains strong Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy.
Economy Apr 14 Wall Street holds steady a biggest banks post strong first-quarter profits Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation.
Nation Mar 16 Fewer Americans apply for unemployment aid last week as layoffs remain low Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool the economy and tamp down inflation.
Economy Mar 09 Applications for U.S. jobless aid rise by the most in 5 months, layoffs stay historically low The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues to be largely unaffected by the Federal Reserve's interest rate hikes.