Business

Consumer inflation cooled more than expected in June as gas prices fell

This story about the June 2026 CPI inflation report will be updated with further details. Inflation pulled back in June after surging in prior months due to the Iran war’s impact on energy prices throughout the economy.The Bureau of Labor Statistics (BLS) said on Tuesday that the consumer price index (CPI)…

Feds warn banks on lending to unauthorized workers

The Trump administration on Monday released guidance from several financial regulators reminding banks and credit unions about the credit risks posed by lending to borrowers who aren’t authorized to work in the U.S. The guidance said that borrowers who aren’t legally eligible to work in the U.S. pose an elevated…

Why homebuyers are racing to this Pennsylvania port city

Homebuyers searching for a bargain have made a Pennsylvania port city one of the hottest housing markets in the country. Erie, Pennsylvania, is situated on Lake Erie and is the home of Pennsylvania’s only Great Lakes port and the community’s affordability and quality of life have helped vault it up…

Volkswagen CEO says automaker weighing 50,000 additional job cuts

Volkswagen’s leadership is warning that the company may need to cut an extra 50,000 jobs to stay competitive with auto industry rivals, according to an internal memo sent to staff. The German automaker previously announced plans to cut 50,000 jobs across the company, including at its subsidiaries Porsche and Audi,…