Business

A Federal Reserve policymaker is warning that it could make sense to raise interest rates if inflation remains elevated above the Fed's 2% target amid uncertainty over the duration of the oil and gas price shock.Federal Reserve Bank of Cleveland Beth Hammack said in an interview with The Associated Press that she sees the central bank leaving the benchmark federal funds rate at its current level of 3.5% to 3.75% […]

A new economic iron curtain is falling across America as the "Boom Belt" — an 11-state powerhouse in the U.S. Southeast — shatters records and challenges the traditional financial dominance of New York and Chicago.Florida Gov. Ron DeSantis and Texas Gov. Greg Abbott joined forces in Miami on Tuesday to celebrate a $9 trillion gross domestic product (GDP) region that is now outpacing every other quadrant of the country in […]

Ford Motor and other U.S. automakers have asked for relief from aluminum tariffs after fires at a major American factory created supply bottlenecks for vehicles, though the Trump administration so far has rejected the requests, according to a report.The Wall Street Journal first reported that Ford petitioned the Trump administration for assistance, citing people with knowledge of the conversations.The requests have come in recent weeks, according to the report, with the […]

JPMorgan Chase CEO Jamie Dimon warned that New York City and other cities with high taxes and regulatory burdens run the risk of losing businesses and workers to locales with more hospitable business climates.Dimon released his annual letter to shareholders on Monday in conjunction with the firm's 2025 annual report and said that companies need to weigh the benefits of operating in places like New York City against areas with […]

As President Donald Trump's deadline for Iran to reopen the Strait of Hormuz looms, gas prices are continuing to climb nationwide as the conflict drives up crude oil costs.The Strait of Hormuz, a narrow waterway between Iran, the United Arab Emirates and Oman, is one of the world’s most critical energy choke points.Fuel costs are rising as Trump issued a profanity-laced warning to Iran, giving the regime until Tuesday, 8 […]

While Silicon Valley spends billions trying to teach robots how to think, home improvement giant Lowe’s is putting its money on Americans who know how to build.As artificial intelligence threatens to hollow out white-collar cubicle careers, Lowe’s CEO Marvin Ellison is sounding a wake-up call: AI can write your emails, but it can’t fix your roof."We’re a company that believes strongly in the future of AI, but in a world […]

Toyota is recalling more than 73,000 hybrid vehicles over a pedestrian warning sound issue, according to the National Highway Traffic Safety Administration (NHTSA).Certain 2023–2025 Toyota Corolla Cross Hybrid vehicles are affected by the recall effort because they do not make a loud enough sound while in reverse, making it harder for pedestrians to hear and increasing the risk of injury."The vehicles may fail to make sufficient pedestrian warning sounds when […]

Convenience store chain Wawa is recalling certain company-branded drinks due to an undeclared milk allergen.The recall affects 16-ounce bottles of Wawa Iced Tea Lemon, Wawa Iced Tea Diet Lemon, Wawa Diet Lemonade and Wawa Fruit Punch. All four drinks are produced by the Wawa Beverage Company.Wawa said in a press release that the products are no longer being sold and have been disposed of by affected stores. The recall was […]

JPMorgan Chase CEO Jamie Dimon warned in his annual letter to shareholders that the war in Iran could lead to more stubborn inflation as well as higher interest rates than what the market is currently anticipating.Dimon's letter was released Monday in conjunction with JPMorgan's annual report for 2025 and said that the Iran war may cause energy shocks along with disruptions to global supply chains that could cause inflation to […]