The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. By Jeanna Smialek Federal Reserve officials have said that they are looking for […]

Stocks saw considerable volatility over the course of the trading session on Friday but managed to close mostly higher. The tech-heavy Nasdaq showed a strong move to the upside, ending the session at its best closing level in over four months. The major averages pulled back well off their highs going into the close. While the Nasdaq jumped 109.30 points […]

The introduction of a polar vortex this week across the Northeast will introduce frigid temperatures that could challenge records. Accompanied by high winds, windchill could drive the temperature people feel to between 30 and 50 below zero in parts of northern New York state and New England.  The U.S. National Oceanic and Atmospheric Administration reports that Earth’s temperature has risen […]

The U.S. economy expanded at a faster rate than expected in the third quarter of 2022, with real gross domestic product growing at an annualized rate of 3.2%, rebounding from a 0.6% contraction in the previous quarter. The strong third quarter growth comes as welcome news in a period of rising pessimism. Ahead of the news, a December 2022 Bloomberg […]

WWE CEO Nick Khan said an exploration of strategic alternatives is in early stages but well underway and the company will “consider a broad range of possibilities.” Speaking on a call after quarterly earnings, Khan addressed the sale process intiated in the midst of some major corporate drama. Majority shareholder and former longtime CEO Vince McMahon, who stepped back last […]

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, as some upbeat U.S. economic data, including stronger than expected GDP growth and a more than expected surge in economic activity in the fourth quarter, helped to allay fears of an economic slowdown. However, it raised concerns about the outlook for interest […]

An attorney representing Hunter Biden has fired off a legal threat to Tucker Carlson and Fox News, demanding a retraction for segments suggesting that Biden made nearly $50,000-a-month in housing rent payments to his father President Joe Biden. The implication in the Carlson segments, picked up on by other Fox News personalities, was that the money was being laundered to […]

The new income tax regime for filing returns has been “sweetened” in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a “reduced” tax rate, CBDT chairman Nitin Gupta said. Speaking to PTI during a post-Budget interview, Gupta said the intent of the government while announcing the new slabs and rates under […]