The Fed can't figure out what's happening with the job market
Policymakers at the Federal Reserve signaled last month that they were considering a pause in their 14-month long regimen of hiking interest rates to cool the economy and bring down inflation.
2023-06-01 20:26
Diddy is suing the co-owner of his tequila for racial discrimination
Sean "Diddy" Combs is suing Diageo for racial discrimination, claiming that the spirits company that produces DeLeón — the tequila he co-owns with the company — failed to market DeLeón on par with its other brands, including Don Julio and George Clooney's Casamigos brands.
2023-06-01 20:15
Macy's and Costco sound a warning about the economy
Macy's, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.
2023-06-01 19:56
Florida's homeowner insurance rates are four times the national average. That's not getting better anytime soon.
Hurricane season officially starts Thursday. But no matter how many storms hit Florida this year, the state's residents are already struggling as they try to get homeowners' insurance.
2023-06-01 19:53
Pride Month was once an easy win for brands. Now, the stakes are much higher
Companies have long embraced Pride Month in June as an uncomplicated way to market to members of the LGBTQ+ community while telegraphing progressive values. But this year won't be nearly so straightforward.
2023-06-01 18:50
Senate races to avert default but vote timing unclear for debt limit bill
Senators are racing the clock to pass a bill to to suspend the nation's debt limit through January 1, 2025 -- but it's not yet clear when a final vote will take place as the threat of default looms.
2023-06-01 17:25
Jamie Dimon denies knowledge of JPMorgan concerns over Epstein in lawsuit deposition
JPMorgan Chase CEO Jamie Dimon has denied knowing about internal reviews of Jeffrey Epstein's criminal conduct and his account with the bank when they were happening.
2023-06-01 16:25
Chinese star banker Bao Fan detained by country's top anti-graft body, state media says
One of China's top tech bankers, who went missing in February, has been in the custody of the country's top anti-graft watchdog since his disappearance and has had his detention extended, according to a state media report.
2023-06-01 13:45
LGBTQ+ people flock to Florida for Gay Days festival
Central Florida is about to become a hub of LGBTQ+ life
2023-06-01 12:46
Elon Musk is once again the world's richest man
Elon Musk has reclaimed his position as the world's wealthiest person.
2023-06-01 10:27
Judge rejects Boeing request to block pain and suffering damages for crash victims who died upon impact
A federal judge rejected arguments from attorneys for Boeing that it should not have to pay for the pain and suffering of 157 victims of a March 2019 Boeing 737 Max crash because they all died on impact.
2023-06-01 05:29
House GOP challenges CBO's analysis of work requirements in debt ceiling bill
House Republicans defended their broadening of work requirements for safety net programs in the debt ceiling bill on Wednesday, saying it would help people escape poverty and assist employers looking to hire.
2023-06-01 05:25