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Tag: ECONOMY

Lottery players buy Powerball tickets at the Las Palmitas Mini Market in in the Fashion District downtown Los Angeles on Monday, April 1, 2024. A $1 billion Powerball jackpot will tempt lottery players who think they just might hit it rich after three months without a big winner. No one has won Powerball's jackpot since New Year's Day, a stretch of 38 consecutive drawings without anyone matching the game's six numbers. (AP Photo/Damian Dovarganes)

Winner Comes Forward In Oregon $1.3B Powerball Jackpot, 4th Largest In History

A person with all six winning Powerball numbers in Saturday’s $1.3 billion jackpot came forward on Monday to claim the prize, according to Oregon officials. 

Read More Winner Comes Forward In Oregon $1.3B Powerball Jackpot, 4th Largest In History
The signs in a storefront window read "Going Out of Business" in Charleston, South Carolina, U.S., March 7, 2024. REUTERS/Brian Snyder/FILE PHOTO

US small-business sentiment slides to lowest level in more than 11 years

NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.

Read More US small-business sentiment slides to lowest level in more than 11 years
WASHINGTON, DC - DECEMBER 06: Jamie Dimon, Chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. The committee heard testimony from the largest financial institutions during an oversight hearing on Wall Street firms. (Photo by Win McNamee/Getty Images)

JPMorgan Chase CEO Jamie Dimon Claims Interest Rates Could Increase Above 8%

JPMorgan Chase chief Jamie Dimon warned that U.S. interest rates could increase over 8% in the next few years, with record toppling U.S. debt has made it complicated to keep inflation down. 

Read More JPMorgan Chase CEO Jamie Dimon Claims Interest Rates Could Increase Above 8%
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz/File Photo

US job growth blows past expectations; unemployment rate falls to 3.8%

U.S. employers hired far more workers than expected in March and continued to lift wages at a steady clip.

Read More US job growth blows past expectations; unemployment rate falls to 3.8%
NILES, ILLINOIS - JULY 18: A 2023 Ford F-150 Lightning EV is offered for sale at Golf Mill Ford on July 18, 2023 in Niles, Illinois. Yesterday Ford announced that it was cutting prices on the Lightning truck by as much as $10,000. (Photo by Scott Olson/Getty Images)

Ford Delaying Electric SUV, EV Truck Production

Ford Motor has announced the car manufacturer is delaying production of the planned launches of three-row EVs in Canada and its next-generation pickup truck in Tennessee. 

Read More Ford Delaying Electric SUV, EV Truck Production
WASHINGTON, DC - JANUARY 12: U.S. President Joe Biden delivers remarks on the economy and inflation in the Eisenhower Executive Office Building on January 12, 2023 in Washington, DC. Biden spoke on his Administration's actions to lower the inflation rate, reduce gas prices and create manufacturing jobs for Americans. (Photo by Kevin Dietsch/Getty Images)

Report: Favored Inflation Gauge Increased 2.5% In February Preferred By Fed

According to federal data, inflation increased in February, as measured by the gauge favored by the Federal Reserve, rising one-tenth of a percentage point from the previous reading. 

Read More Report: Favored Inflation Gauge Increased 2.5% In February Preferred By Fed

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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