Trump responds to rising AI safety concerns, insists tech will be 'more good than bad'
President Donald Trump pushed back on Anthropic CEO Dario Amodei's call for an AI slowdown, insisting the technology will be more good than bad.
A fresh midterm headache for the GOP just hit a national record
Diesel prices hit a record average of $6.20 per gallon as the Iran war disrupts the Strait of Hormuz, threatening to raise costs across the U.S. supply chain.
Large medical uniform retailer closing all brick-and-mortar stores nationwide
Healthcare uniform apparel retailer Scrubs & Beyond has announced that all retail stores are closing. The company operates more than 100 locations.
Consumer prices remained elevated in August ahead of Fed's next meeting
The Labor Department released the consumer price index (CPI) for August which showed that inflation remained well above the Fed's 2% target ahead of its next meeting.
Iran war costs US households $860 more in higher energy prices, economist says
Mark Zandi says the Iran war has added about $115 billion in costs for U.S. households through higher gasoline, diesel and jet fuel prices.
Soaring diesel prices threaten collapse of timber industry: 'We're in trouble,' executive warns
Scott Dane of the American Loggers Council says loggers are "dying" as diesel prices surge and calls for halting diesel exports under emergency powers.
Canada's 20% tariffs on US goods like milk, steel and golf clubs take effect
President Donald Trump threatened to ban Bombardier aircraft sales on Truth Social just hours before Canada's retaliatory tariffs hit $20 billion in U.S. goods.
Americans face the most expensive Labor Day at the gas pump ever recorded
Record-high Labor Day gas prices hit $4.14 per gallon as crude oil stays near $90 a barrel amid Iran conflict and Strait of Hormuz concerns.
Job growth rebounded in August with solid gains
The Labor Department released the August 2026 jobs report on Friday, with Bureau of Labor Statistics data showing solid job gains last month.
National average price for diesel hits new record high amid Iran conflict
The AAA national average price for diesel fuel has reached a new record high of $5.85 as of Sept. 4, 2026, beating the prior record from June 2022.
Mortgage rates jump to highest level in over a year
The average rate on a 30-year fixed mortgage rose this week to 6.71%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.
Private sector added 38,000 jobs in August, below expectations, ADP says
The figure reported on Wednesday is below economists’ estimates of an increase of 48,000 jobs. The prior month's reading was revised higher to 46,000.
Meet the man behind Trump's joint Venezuela oil venture
Alejandro Betancourt, the CEO of North American Blue Energy Partners, has emerged as a central figure in President Donald Trump's landmark oil agreement with Venezuela.
Bessent urges G20 to 'get back to the basics' with deregulation and growth-first agenda
Treasury Secretary Scott Bessent called on global leaders to spur growth by cutting red tape, offering the Trump administration's deregulatory push as a blueprint.
Trump announces ‘biggest oil deal in world history,’ says it will substantially lower gas prices
Trump announces a major oil deal with Venezuela, saying the U.S. secured majority control of 65 billion barrels, and the agreement will lower gas prices.
What Warsh's Jackson Hole speech signals about where interest rates are headed
Kevin Warsh's Jackson Hole Symposium keynote signals the Federal Reserve is prepared to raise rates if PCE inflation fails to reach its 2% target.
Warsh says Fed's main focus should be on prices with central bank's rate policy in focus
Fed Chair Kevin Warsh on Friday will deliver his first keynote at the annual Jackson Hole monetary policy conference against a backdrop of economic uncertainty.
General Mills ditches artificial colors in Lucky Charms, Trix
Food-making giant General Mills, which is behind popular cereals like Trix and Lucky Charms, announced that all of its U.S. cereals are now made without "certified colors."
Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote as bond yields near highs and markets demand clarity on the Fed's rate path.
Fed's favored inflation gauge rose more than expected in July
The Fed's favored inflation gauge remained well above the central bank's 2% target in July after the Commerce Department released the PCE inflation report.