Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank’s data shows that “companies are in really great shape” and spending and debt repayment rates among all income levels has been steady, but there are signs of stress among lower…
The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection. Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial…
Apple shareholders and investors betting on a Federal Reserve rate cut have received good news lately. The week ahead offers tests to both camps. Fresh off Friday’s soft jobs report, the other side of the Fed’s dual mandate of maximum employment and price stability will take center stage in the coming days. But first, we’ll…
NEWYou can now listen to Fox News articles! A trend is sweeping college campuses nationwide as students head back to school while looking to make some extra cash. Creating and selling content on OnlyFans – a website that allows adults to produce and post their own sexually explicit content in exchange for money from subscribers…
Commerce Secretary Howard Lutnick predicted that the Bureau of Labor Statistics’ new jobs report Friday would be more accurate because President Donald Trump fired former Commissioner Erika McEntarfer last month. Lutnick made that prediction less than an hour before BLS said job growth stalled out in August. “I think they’ll get better,” Lutnick told CNBC’s…
Gold prices in Pakistan climbed to a new record on Wednesday, following the global rally in the yellow metal. Softer US jobs data have fueled expectations of a Federal Reserve interest rate cut later this month, driving the surge in both international and local markets. Heightened global uncertainties also kept safe-haven demand strong, further fueling…
NEWYou can now listen to Fox News articles! American workers are front and center in the race to stay ahead of China. There just aren’t enough of them. Jobs are going unfilled from advanced semiconductor foundries to the drydocks where the U.S. Navy’s combat ships are built. Ships and chips are both in crisis. And…
The sun has set on Nvidia earnings week. Time to close up shop and return in three months when it reports again because nothing else matters, right? Not quite. Grabbing the spotlight from Nvidia in the week ahead is the U.S. jobs market — plus, there are a few noteworthy earnings reports within the broader…
NEWYou can now listen to Fox News articles! For the last 250 years, our blue-collar men and women have laid the foundations of our country. They’ve paved roads, built bridges and raised the skyscrapers that shape our landscape. Their tireless efforts continue to drive progress and prosperity. This Labor Day, we celebrate the American workers…
NEWYou can now listen to Fox News articles! The U.S. Justice Department (DOJ) has launched an investigation into the California Environmental Protection Agency (CalEPA) over accusations of racial equity-based hiring practices. In a letter dated Wednesday, the DOJ notified the state environmental agency of an investigation into whether it “is engaged in a pattern or…
