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Tag: U.S. economy

WASHINGTON, DC - OCTOBER 29: Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on October 29, 2025 in Washington, DC. For the second straight month, Powell announced a quarter-point cut to the federal funds rate, bringing rates down to a new range of 3.75 percent to 4 percent. (Photo by Alex Wong/Getty Images)

Fed cuts interest rates to lowest level in 3 years

The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.

Read More Fed cuts interest rates to lowest level in 3 years
The Amazon logo. (AP Photo/Reed Saxon, File)

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere.

Read More Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
RANCHO CUCAMONGA, CALIFORNIA - SEPTEMBER 17: An aerial view of residential homes on September 17, 2025 in Rancho Cucamonga, California. The 30-year fixed mortgage average rate dropped to 6.13 percent yesterday, the lowest mark since 2022, ahead of today’s Federal Reserve rate cut announcement. (Photo by Mario Tama/Getty Images)

Mortgage rates drop to lowest levels of 2025

This week, mortgage rates fell to their lowest level of the year.

Read More Mortgage rates drop to lowest levels of 2025
JPMorganChase sign at the firm's headquarters at 270 Park Avenue in the Midtown area of New York City, U.S., September 9, 2025. REUTERS/Shannon Stapleton/File Photo

JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge

JPMorgan Chase unveiled a plan to hire bankers and invest up to $10 billion in U.S. companies considered critical to national security and economic resilience.

Read More JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge
WASHINGTON, DC - SEPTEMBER 19: President Donald Trump signs an executive order in the Oval Office at the White House on September 19, 2025 in Washington, DC. Trump signed a series of executive orders establishing the “Trump Gold Card” and introducing a $100,000 fee for H-1B visas. The "Trump Gold Card" is a visa program that allows foreign nationals permanent residency and a pathway to U.S. citizenship for a $1 million investment in the United States. (Photo by Andrew Harnik/Getty Images)

Trump signs proclamation requiring $100K annual fee for H-1B visa applications

President Donald Trump has signed a proclamation that will require a $100,000 annual visa fee for skilled foreign workers.

Read More Trump signs proclamation requiring $100K annual fee for H-1B visa applications
WASHINGTON, DC - SEPTEMBER 05: U.S. President Donald Trump holds up the Homebuyers Privacy Protection Act after signing it into law, during a press availability in the Oval Office of the White House on September 05, 2025 in Washington, DC. President Trump signed a series of executive orders which included the renaming of the Department of Defense to the Department of War. (Photo by Kevin Dietsch/Getty Images)

Trump signs executive order offering tariff exemptions for countries with U.S. trade deals

President Donald Trump has signed an Executive Order (EO) expanding upon previous presidential actions, offering some tariff exceptions to United States trade partners for certain products.

Read More Trump signs executive order offering tariff exemptions for countries with U.S. trade deals

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