Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

Powell said that while inflation continues to make its way lower, the current state of policy should remain intact. ...

Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo

Tesla will lay off more than 10% of its global workforce. Read the memo to employees from CEO Elon Musk.…

U.S. oil prices approach $86 as market waits for Israel response to Iran’s drone and missile attack

Iran launched more than 300 drones and missiles against military targets in Israel in an attack that President Joe Biden…

Iran has launched drone attacks at Israel, U.S. officials say

President Biden said Friday that he expected Iran might attack Israel soon. ...

JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income

JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came…

Why car insurance costs are skyrocketing and leading to higher inflation

On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%,…