Fed’s Miran says stablecoin surge could help push interest rates lower
The central banker said the Fed might need to lower its own policy rate to avoid unintentionally slowing the economy.…
Category: Economy
Millions more Americans could access obesity drugs after Trump’s deals with Eli Lilly, Novo Nordisk
Medicare will start covering obesity drugs for the first time, which could open access to millions of seniors and spur…
Shutdown means another missed jobs report Friday. Here’s what it probably would have shown
Jobs Friday won't be happening again this week as the record-long government shutdown has resulted in a lack of official…
Senate Republicans reject Democrat deal to reopen government
The U.S. government shutdown has dragged on for 38 days because of a dispute over whether ACA tax credits should…
Supreme Court pauses order that Trump administration must pay full SNAP benefits
The Trump administration tried not to pay for any food stamps in November because of the government shutdown. It now…
Younger consumers are eating less Chipotle and Cava. They are buying more Coach bags
The split in company results indicates consumers are splurging in some areas, as they save in others. ...
Job cuts in October hit highest level for the month in 22 years, Challenger says
Job cuts for October totaled 153,074, a 183% surge from September. ...
OpenAI CFO Sarah Friar says company isn’t seeking government backstop, clarifying prior comment
OpenAI CFO Sarah Friar said in a LinkedIn post that the artificial intelligence company is not seeking a government backstop…
Target’s sloppier stores are wearing on shoppers, and its turnaround could hinge on cleaning them up
The big-box retailer, which has long relied on stores as fulfillment hubs, is tweaking its approach to try to improve…