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Latest Stories (408)

Fed leaves interest rates unchanged, signals cuts are likely months away

Jan 31, 2024
“We want to see strong growth and a strong labor market,” said Federal Reserve Chair Jerome Powell.
 Investors were hoping for a cut in March, but that now appears off the table.
Anna Moneymaker/Getty Images

General Motors and UAW reach tentative contract agreement, potentially ending 6-week strike

Oct 30, 2023
The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend.
Bill Pugliano/Getty Images

FTC, 17 states file antitrust lawsuit against Amazon

Sep 26, 2023
The Federal Trade Commission and more than a dozen U.S. states are alleging that Amazon used "its monopoly power" to inflate prices.
Ina Fassbender/AFP via Getty Images

Federal Reserve raises key rate for 11th time by a quarter-point, to highest level since 2001

Jul 26, 2023
The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.
For the Federal Reserve, the drop in inflation from roughly 9% to 3% was the relatively easy part, some analysts say. Getting it down to the Fed’s 2% target will be harder and take longer.
Win McNamee/Getty Images

UPS reaches contract with 340,000 unionized workers, averting potentially calamitous strike

Jul 25, 2023
The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.
Above, UPS workers at a Teamsters rally on July 19. A deal reached Tuesday by Teamsters and UPS was key to averting a nationwide strike.
Frederic J. Brown/AFP via Getty Images

Supreme Court rejects Biden’s plan to forgive $400 billion in student loans

Jun 30, 2023
The 6-3 decision leaves borrowers on the hook for repayments set to resume in late summer.
An activist stands in front of the Supreme Court during a rally for student debt cancellation earlier this year.
Andrew Caballero-Reynolds/AFP via Getty Images

FTC sues Amazon over "manipulative" Amazon Prime enrollment and cancellation tactics

Jun 21, 2023
The FTC also alleged that Amazon's leadership slowed or rejected changes that made canceling the Amazon Prime subscription easier.
Stefani Reynolds/AFP via Getty Images