New Inflation Data Backs Powell's Assertion: High Interest Rates to Remain For Now
Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week.
Google Parent Surpasses Earnings Expectations, Boosted by AI-Driven Cloud Computing Demand
Google posts earnings ahead of expectations, helped in part by AI-driven demand for cloud computing.
JPMorgan CEO Jamie Dimon Warns Stagflation Could Result from Fed's Attempts to Control High Consumer Prices
JPMorgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy. The Federal Reserve is trying to tame stubbornly high consumer prices.
Massachusetts Cannabis Regulators Shift Attention to Thriving Industry Amid Leadership Controversy
Massachusetts cannabis regulators are highlighting the increasing profitability of the industry in Massachusetts.
"Latest Inflation Data Upholds Powell's Message: High Interest Rates to Persist"
Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week.
Congressional Research Service Discovers Rise of Defined Contributions in Retirement Plans Like 401(k)s
Congressional Research Service: Defined contribution plans began to take off in the 1990s. The plans rely on employee contributions and are subject to market fluctuations.
Federal Reserve's Preferred Inflation Measure Soars 0.3% in March Amid Rising Consumer Prices
Federal Reserve's favorite measure of tracking inflation jumped 0.3% in March. American families continue to grapple with elevated consumer prices.
Warren Buffett's HomeServices of America to Pay $250 Million in Settlement Over Inflated Agent Commissions Claims
HomeServices of America agrees to pay $250 million to settle claims of inflated agent commissions.
"Cannabis Industry in Bay State Celebrates Record $8.5 Million Sales on 4/20 Holiday"
On April 20, considered a holiday for cannabis enthusiasts, the Bay State industry logged its best-ever sales day, bringing in $8.5 million in sales. “The industry continues to grow,” said a spokesman for
Exxon and Chevron Earnings May Not Reflect Recent Oil Uptick Due to Late First Quarter Increase
The uptick in oil may not be reflected in Exxon and Chevron earnings, however, because it didn’t happen until the end of the first quarter. With oil and natural gas prices for the quarter lower than in the previous quarter,
March Personal Consumption Expenditures Data Reveals Unexpected 2.8% Year-Over-Year Price Increase
Personal consumption expenditures data showed prices ticked up 2.8% year-over-year in March.
Southwest Airlines Suspends Service to Four Cities Following First-Quarter Financial Loss
A first-quarter financial loss has prompted Southwest Airlines to suspend service to four cities.
"Wall Street Braces for Potential 2.6% Rise in Personal Consumption Expenditures Index"
The Personal Consumption Expenditures price index is expected to rise 2.6% for the 12 months ended in March, according to FactSet estimates. The core PCE index,
March Sees Inflation Rise to 2.7%, Sparking Concerns for Household Economies
Inflation as measured by Personal Consumption Expenditures headed in the wrong direction in March, heating up to a 2.7% annual rate.
Oil Companies' Post-Pandemic Record Earnings Begin to Slow Despite Continued High Profits
The oil companies are still printing big profits, but their run of record earnings is slowing down.
March Inflation Remains High as Fed's Key Barometer Shows Continued Price Pressure
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.
"JPMorgan CEO Jamie Dimon Recognizes China Threat But Underscores America's Strong Negotiating Position"
JPMorgan Chase CEO Jamie Dimon says he's not sleeping on the threat of China. But he's also not underestimating America's position at the negotiating table either.
AI-Driven Cloud Computing Demand Boosts Google Parent's Earnings Beyond Expectations
Google posts earnings ahead of expectations, helped in part by AI-driven demand for cloud computing.
When to Expect Your May Supplemental Security Income and Reasons for Two Checks Explained
We'll tell you when to expect your Supplemental Security Income money in May. We'll also explain why you're getting two checks.
Popular Toymaker Chooses Boston as North American Headquarters in Hunt for Talent
Toymaker wanted a North American headquarters with access to a wider array of talented workers. It chose Boston.