January jobs report breakdown: Which industries are hiring the most workers?
The January jobs report showed that payrolls increased by 517,000 workers last month, faster than expected, as bars and restaurants hired more workers.
Shell posts highest profits in company history as oil, gas prices remain high following Ukraine invasion
Shell Global, along with ExxonMobil and Chevron, have announced profits in excess of double their FY 2021 totals thanks to high gas prices after sanctions on Russia.
Mortgage rates fall a fourth straight week to 6.09%
US mortgage rates declined for the fourth week in a row, a sign of relative stability that could open the door for some prospective homebuyers to get back in the market.
Jobless claims unexpectedly drop to lowest level in 9 months
Applications for U.S. unemployment benefits tumbled to a nine-month low last week even as the Federal Reserve tries to slow the economy and cool the labor market.
Job openings unexpectedly surge to 11 million in December
The Labor Department reported on Wednesday that there were 11 million job openings at the end of January, a sign the labor market remains extremely tight.
Private sector job growth cools to 106,000 in January, lowest in 2 years: ADP
Private U.S. companies added just 106,000 new workers in January as weather-related issues, including severe flooding across California, disrupted hiring.
Cryptoverse: Big investors edge back to bitcoin
Bitcoin investors might finally be returning to cryptocurrency after the FTX collapse caused a crypto winter that saw the cryptocurrency industry take heavy losses.
Exxon’s record profits irk White House in energy blame game
Exxon Mobile’s whopping earnings in 2022 irk White House, which called the report "particularly galling" as Americans spent more for gas prices.
PagerDuty CEO apologizes for quoting Martin Luther King Jr. in layoff email to staff
PagerDuty CEO issued an apology to employees after getting backlash for what critics are calling a "tone-deaf" layoff memo, in which she quoted Martin Luther King Jr.
Electric vehicles more expensive to fuel than gas-powered cars at end of 2022: consulting firm
It was cheaper to fuel a gas-powered car for 100 miles than it was to charge a comparable electric vehicle in late 2022, according to Anderson Economic Group.
House to vote on bill offsetting Biden's SPR drawdown with more oil and gas production
The House will vote Friday on the Strategic Production Response Act, which would boost U.S. oil and gas production in response to drawdowns of the Strategic Petroleum Reserve.
Mortgage rates continue downward trend
Mortgage rates continue cooling off as optimism reigns that the Federal Reserve will loosen its fight on inflation. Home buyers optimistically return to the market.
Dow to cut 2,000 jobs, plans to save $1B in costs
Dow Inc. is starting a corporate restructuring plan and will lay off 2,000 workers around the world in an effort to save $1 billion in costs this year.
US GDP grew at 2.9% pace in fourth quarter as economy cools
The fourth-quarter GDP report shows the U.S. economy finished the year on relatively strong footing, despite high inflation and rising interest rates.
US plant outages send oil refining margins to 3-month high
Refining margins are on the rise as more plants undergo outages due to accidents or delayed maintenance due to the pandemic.
Oil expert rips Biden's weaponization of Strategic Petroleum Reserve as 'blasphemy': 'Disaster for America'
Canary CEO Dan Eberhart addressed the rise in U.S. oil and gas prices and explains how Biden's energy policies are hurting American consumers.
Gas prices rise on strong demand, higher oil prices
Gas prices rose 14 cents over the past week
Hawaii governor proposes tax breaks to lower cost of living
The governor of Hawaii told lawmakers on Monday that he wants to invest $1 billion in affordable housing, as well as give tax breaks to residents of all income levels.
US business openings reach all-time high in 2022
Even with a myriad of economic challenges facing business owners, new business openings notched an all-time high in 2022, according to a new report from Yelp.
Biden would veto House GOP bill restricting president's ability to draw from strategic petroleum reserve
President Biden would veto a bill being pushed by House Republicans that would limit his ability to draw from the Strategic Petroleum Reserve, the White House said Monday.