Nine years without an interest rate increase from the Federal Reserve ended Wednesday afternoon. Even when rates go up, the gradual nature of the first few hikes means borrowing conditions will remain favorable.
The US economy added 211,000 jobs last month, and the unemployment rate held steady at 5 percent. That strong performance, plus the overarching stability of the economy, all but guarantee the Federal Reserve will raise interest rates at its meeting later this month.
Black Friday weekend in-store sales fell 10.4 percent from last year, according to Tuesday figures from ShopperTrak. But industry experts aren’t worried, for a variety of reasons.
The ‘Fight for $15’ upped its political game with a new round of strikes Tuesday, and Bernie Sanders joined in. But business and political interests on the right are pushing back. Will Republican presidential candidates?
Salmon sampled in a survey from Oceana, a sustainability organization, was found to be mislabeled 43 percent of the time, according to a new study out Wednesday. That means many consumers paying extra for local, wild-caught fish are still getting farm-raised.
The number of rent-burdened households, or those spending more than half of their income on rent, is expected to swell over the next decade, according to a new study. Elderly renters will be impacted most.
Janet Yellen and the Federal Reserve are going to raise interest rates –not today, but maybe in October or December. But the current economy looks different than any before it, making the timing of a rate hike complicated.
Most popular restaurant chains, including Subway, Wendy's, Olive Garden, and many more have no plans to curb antibiotics in their meat supply, despite growing concern from public health officials.
US stocks have been jittery due to worries over China and anticipation over the Federal Reserve's meeting this week. But the relative calm of recent years has been even more remarkable.
McDonald’s announced Wednesday that it will make the shift to cage-free eggs over the next decade, the latest in a series of moves to reform industrial egg and poultry farming in the United States.
The US economy added 173,000 jobs last month, but the unemployment rate fell to 5.1 percent – its lowest level since April 2008. The report is the last before the Federal Reserve's September meeting, and it sheds little light on whether the Fed will finally pull the trigger on interest rates.