The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table. Friday’s jobs report reiterated the seemingly unwavering strength of the U.S. labor market and suggested further need for Fed caution. All eyes will now…

Inflation likely remained elevated once again for the month of March, adding another round of price increases to Americans’ already-strained wallets. On paper, the U.S. economy looks solid. The unemployment rate has now remained below 4% for the longest stretch since the 1960s. Stocks are at all-time highs. The economy continues…

Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month. The stock closed down more than 8% Monday at $37.17 after falling about 11% earlier in the day. It had traded above $79 a share on March 26, the day of…

Wednesday’s inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth accelerated to 3.5% in March, from 3.2% in February. Few categories had as big a jump year on year than auto insurance, which soared 22% from March 2023, the most significant…

Tesla has settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two who died after his Model X SUV, with Autopilot features switched on, crashed into a highway barrier near Mountain View, California, in 2018. The settlement comes as jury selection…

Investment firms led by the former CEO of the SPAC that merged with Donald Trump’s media company allege that their files were hacked and stolen by a current member of the media company’s board of directors. In a federal civil lawsuit filed in South Florida last month, the firms accuse board member Eric…

The price of Trump Media closed trading Friday down nearly 20% for the week. DJT shares, which dropped by more than 8% within the first hour of trading Friday, eked out a slight gain by the end of the day. Shares closed up 18 cents at $32.59, an increase of around .5%. That…

Just weeks after Kiki Ramos received her first $500 monthly payment from the Richmond Resilience Initiative, her car was stolen. “It would have been a big domino effect if I didn’t have this extra money,” she said. Her damaged vehicle was soon recovered, but without the additional cash, the 33-year-old…

Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market. The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62%…