The Federal Reserve’s preferred inflation gauge remained elevated in December as price pressures continued to pose a challenge for consumers. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.4% in December on a monthly basis and is up 2.9% from a year ago. Those figures were…

The Supreme Court dealt a blow to President Donald Trump’s trade agenda on Friday, siding against him in a case challenging the legality of tariffs that have shaped global markets and U.S. supply chains. By a 6–3 vote, the majority concluded that the law cited to justify the import duties…

More than 5,000 deadly work injuries were recorded in the U.S. in 2024, according to the U.S. Bureau of Labor Statistics, with truck drivers and construction trades workers accounting for a large proportion. “There were 5,070 fatal work injuries recorded in the United States in 2024, down 4.0 percent from…

One of the most acclaimed and successful American filmmakers in history has left California for New York.  Steven Spielberg and his wife, Kate Capshaw, officially became New York residents on Jan. 1, according to a report by the Los Angeles Times. The couple relocated to the San Remo co-op on…

The U.S. economy grew at a much slower than expected pace in the fourth quarter, according to new data released on Wednesday. The Commerce Department’s Bureau of Economic Analysis (BEA) released its advance estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew at an annual…

Three Silicon Valley engineers were arrested and charged with stealing trade secrets from Google and other U.S. technology firms and transferring sensitive data to unauthorized locations, including Iran, federal prosecutors announced Thursday. Samaneh Ghandali, 41, Soroor Ghandali, 32, and Mohammadjavad Khosravi, also known as Mohammad Khosravi, 40, all of San…

Amazon’s latest wave of layoffs has reportedly hit New York, with hundreds of employees losing their jobs. Roughly 135 corporate employees at Amazon’s 1440 Broadway office in Manhattan were laid off in January, according to the New York Post, citing a filing submitted to the New York State Department of…

A new analysis found that payments made by U.S.-based midsize businesses to firms in China dropped significantly last year as tariffs on Chinese imports rose under the Trump administration. The JPMorgan Chase Institute released a report Thursday that found payments made by midsize firms to China declined significantly, falling by about…

Amazon’s latest wave of layoffs has reportedly hit New York, with hundreds of employees losing their jobs. Roughly 135 corporate employees at Amazon’s 1440 Broadway office in Manhattan were laid off in January, according to the New York Post, citing a filing submitted to the New York State Department of…

Beverage giant Keurig Dr Pepper is significantly expanding its portfolio this year, unveiling more than 35 new drinks across its soda, tea, water, juice and energy brands. The Burlington, Massachusetts- and Frisco, Texas-based company announced Wednesday that the lineup will feature flavors such as Dr Pepper Creamy Coconut, A&W Root…