Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy. Retail sales were unchanged in June from May, after being revised upward to a 0.3% increase in May.... Read More
Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The increase, the sharpest year-over-year increase since March 2023, comes at a time when other...... Read More
The court, in the latest challenge to the NCAA's long-held notion of “amateurism” in college sports, said that a test should be developed to differentiate between students who play college sports for fun and those whose effort “crosses the legal line into work."... Read More
Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the popular warehouse chain prepares to raise its membership fees for the first time in seven years. The company disclosed the forthcoming 8% increase in the fee to gain...... Read More
Cummins Inc. and Stellantis are among the manufacturers in eight states that will receive a total of $1.7 billion in federal grants to help restart or expand electric vehicle manufacturing and assembly sites.... Read More
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said Tuesday, a shift in emphasis away from the Fed's single-minded fight against inflation that suggests it is moving closer to cutting interest rates.... Read More
America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. Last month’s job growth did mark a pullback from 218,000 in May. ... Read More
After no hiccups during a final full-field test June 11, the hybrid system is poised to make its debut on Sunday at Mid-Ohio in an IndyCar regular-season race presented, quite fittingly, by the 2025 Honda Civic Hybrid. ... Read More
U.S. officials have approved another Alzheimer’s drug that can modestly slow the disease, providing a new option for patients in the early stages of the incurable, memory-destroying ailment. The Food and Drug Administration approved Eli Lilly’s Kisunla for...... Read More
Indiana Republican U.S. Rep. Victoria Spartz has been charged with bringing a firearm through airport security, authorities said Monday. The Metropolitan Washington Airports Authority said Spartz, 45, was charged with a Class 1 misdemeanor under Virginia law.... Read More
