Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday. The Chicago-based company, formed by the September merger of CareerBuilding and Monster, said it agreed to sell its job board operations, its most recognizable business, to JobGet, which has an app for so-called gig workers. Monster, the older of the […] ...
Tag: Personal Finance
Electricity prices spike for American households: Here’s what’s driving costs higherElectricity prices spike for American households: Here’s what’s driving costs higher
Electricity prices have surged over the past year, nearly doubling the overall inflation rate due to rising demand and increased investment in aging grid infrastructure. Prices rose 4.5% in May on an annual basis, according to the Bureau of Labor Statistics’ consumer price index (CPI), a broad measure of the cost of everyday goods like […] ...
Fed Chair Powell says US economy in a ‘solid position’Fed Chair Powell says US economy in a ‘solid position’
Federal Reserve Chair Jerome Powell said that the economy is in a “solid position” as the central bank monitors inflation and labor market data for signs that it needs to adjust monetary policy. “Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low, and the labor market is at or near […] ...
Bank of America CEO reveals how Trump’s historic Middle East peace deal is boosting the economyBank of America CEO reveals how Trump’s historic Middle East peace deal is boosting the economy
Markets are beginning to feel some degree of relief as conflict in the Middle East leans in the direction of resolution, according to the chairman and CEO of one of America’s biggest banks. “I think it was a pretty quick back and forth over the last couple weeks, but I think the market loves resolution,” […] ...
Trump declares China can purchase Iranian oil as market signals cautious optimismTrump declares China can purchase Iranian oil as market signals cautious optimism
President Donald Trump cleared China to purchase Iranian oil on Tuesday, eliminating longstanding sanctions limiting the trade relationship. Trump announced the move in a social media post while flying to Europe on Air Force One, adding that he hopes China will also purchase “plenty” of oil from the U.S. “China can now continue to purchase […] ...
Real estate company Compass sues Zillow over consumers ‘right to choose’Real estate company Compass sues Zillow over consumers ‘right to choose’
One of the largest U.S. residential real estate brokerage firms is taking on real estate giant Zillow over “consumer choice.” On Monday, real estate brokerage Compass filed a 60-page complaint in Manhattan federal court, claiming that Zillow is improperly refusing to list homes on its site that were first listed elsewhere. “The Zillow Ban seeks […] ...
Who will be the Democratic nominee for NYC mayor? Millions are betting liveWho will be the Democratic nominee for NYC mayor? Millions are betting live
Major decisions about who will be New York City’s next top mayoral candidate are set to be made Tuesday, and millions of Americans are betting live on their election odds. Event contract platform Kalshi recently launched market predictions for multiple NYC election-related prompts, including who will reign in the top spot for Democratic mayoral nominee […] ...
Inside Bezos’ Italian wedding extravaganza that’s costing more than you thinkInside Bezos’ Italian wedding extravaganza that’s costing more than you think
Billionaire Amazon founder Jeff Bezos and fiancee Lauren Sanchez will get married this week, and rumors are circulating about what the couple could spend for their nuptials. The wedding celebrations for Bezos and Sanchez will take place over a handful of days this week in the Italian city of Venice. Some reports have said the […] ...
Sponsors flee from National Association of Black Accountant recruiting event: reportSponsors flee from National Association of Black Accountant recruiting event: report
Sponsors fled from the National Association of Black Accountants (NABA) recruiting event earlier this month amid political pressures to silence diversity, equity, and inclusion initiatives by the Trump administration, according to a report from Bloomberg. NABA hosted a recruiting event on June 3-6 in Las Vegas, Nevada. The convention not only serves accounting firms, it […] ...
Chicago brewery wins coveted Sam Adams competition, eyes nationwide expansionChicago brewery wins coveted Sam Adams competition, eyes nationwide expansion
A Chicago brewery became reigning champion of Samuel Adams’ 14th annual Brewer Experienceship craft brewers competition, securing a financial boost that will support its continued expansion across the country. Sam Adams founder, Jim Koch, who is credited with starting the craft beer revolution four decades ago, has given loans to entrepreneurs that banks often deny […] ...
Trump pushes Congress to work over ‘very dumb, hardheaded’ Fed chair Powell ahead of testimonyTrump pushes Congress to work over ‘very dumb, hardheaded’ Fed chair Powell ahead of testimony
President Donald Trump declared that he hopes lawmakers work over Fed chair Jerome Powell on Tuesday. The Federal Reserve System board of governors chair is slated to testify before the House Financial Services Committee on Tuesday morning. In an early Tuesday morning Truth Social post, Trump, who has been vociferously critical of Powell, once again […] ...
GasBuddy expert says claims gas prices will see ‘massive spike’ are ‘incorrect on the highest level’GasBuddy expert says claims gas prices will see ‘massive spike’ are ‘incorrect on the highest level’
GasBuddy’s head of petroleum analysis spoke with Fox News Digital about rising concerns that gas prices will skyrocket after President Donald Trump ordered a strike on Iranian nuclear facilities over the weekend and the Middle Eastern nation weighs shutting down the critical Strait of Hormuz. Patrick De Haan told Fox that an increase in gas prices for […] ...
McDonald’s faces ‘economic resistance’ after rolling back DEI policiesMcDonald’s faces ‘economic resistance’ after rolling back DEI policies
McDonald’s is facing a potential boycott from customers over its decision to roll back its diversity, equity and inclusion policies. The People’s Union USA is spearheading the “McDonald’s Blackout,” which begins on June 24, after having staged an “Economic Blackout” in February. The organization, founded by Chicago-based musician and meditation teacher John Schwarz, has staged […] ...
US oil production shields economy from Iran’s Strait of Hormuz threatsUS oil production shields economy from Iran’s Strait of Hormuz threats
Iran threatened to attempt to close one of the world’s most important shipping lanes for oil in response to the U.S. joining Israel in attacking Iranian nuclear facilities, but U.S. energy production would limit the impact of such a move on the American economy. Iranian state media suggested the country’s parliament approved a potential plan that […] ...
Dollar fluctuates after US strikes on Iran, dovish Fed commentsDollar fluctuates after US strikes on Iran, dovish Fed comments
The U.S. dollar experienced a volatile trading day on Monday in the wake of the U.S. joining Israel in attacking Iran’s nuclear facilities. The dollar strengthened during the Monday morning trading session, rising as much as 0.71% as investors flocked to the greenback, reaching its highest level since May, according to the WSJ Dollar Index, which […] ...
Trader Joe’s pulls ‘Vampire Slayer’ cheese curds from shelves in two statesTrader Joe’s pulls ‘Vampire Slayer’ cheese curds from shelves in two states
A recall is underway for some Face Rock Creamery Vampire Slayer Cheese Curds sold at Trader Joe’s grocery stores in two states. Trader Joe’s said Friday that a “single lot code” of the cheese curds have been recalled in response to the potential risk of Listeria monocytogenes contamination. The recalled product was offered at some […] ...
Buy now, pay later loans will now impact Americans’ credit scoresBuy now, pay later loans will now impact Americans’ credit scores
FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. The FICO Score 10 BNPL and FICO Score 10 T BNPL will be the first credit scores from a leading credit scoring provider to incorporate this data. FICO said […] ...
Grocery giant Kroger to close 60 stores in next 18 monthsGrocery giant Kroger to close 60 stores in next 18 months
U.S. grocer Kroger is planning to close dozens of stores by the end of next year. The massive Cincinnati-based grocery store chain made the announcement on Friday. It operates thousands of supermarkets and pharmacies across the nation and is planning to close 60 stores in the next 18 months, a first-quarter 2025 earnings report said. […] ...
Iran mulls closing the Strait of Hormuz as retaliation: How it could affect global shipping, economyIran mulls closing the Strait of Hormuz as retaliation: How it could affect global shipping, economy
Iran has warned that it may attempt to close the Strait of Hormuz to shipping traffic in retaliation for the U.S. joining Israel’s strikes on Iranian nuclear facilities. The Iranian government is mulling retaliatory actions, including the potential closure of the Strait of Hormuz, a vital shipping lane for global energy supplies. The regime in Iran could […] ...
How US strikes on Iranian nuclear facilities could affect gas pricesHow US strikes on Iranian nuclear facilities could affect gas prices
Motorists don’t have to worry about a massive spike in prices at the gas pump yet, according to industry analysts. Oil prices, which account for more than half of what consumers pay at the pump, fell Monday morning after temporarily surging Sunday following U.S. strikes on three key Iranian nuclear sites over the weekend. The […] ...
America’s $2.1B stealth bombers deliver ‘monumental’ blow in largest ever strikeAmerica’s $2.1B stealth bombers deliver ‘monumental’ blow in largest ever strike
The B-2 Spirit stealth bombers, which cost billions of dollars to build, played a central role in America’s Operation Midnight Hammer strike on a trio of nuclear facilities in Iran over the weekend. Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, described Operation Midnight Hammer, which targeted Iran’s Fordow, Natanz and Isfahan […] ...
Strait of Hormuz disruption: More bark than bite for US energy, expert claimsStrait of Hormuz disruption: More bark than bite for US energy, expert claims
Volatility might be plaguing oil and energy markets in the aftermath of U.S. strikes on Iran, but one expert is signaling that America remains protected from any retaliatory action which could instead backfire on one of its greatest adversaries. “Iran is overplaying their hand here,” Independent Women’s Forum Center for Energy and Conservation Director Gabriella […] ...
These popular foods are affected as companies align with Trump admin’s ‘MAHA’ initiativeThese popular foods are affected as companies align with Trump admin’s ‘MAHA’ initiative
A growing number of well-known food products, from soft drinks to cereals, are being reformulated as part of a commitment made by major food giants to eliminate artificial colors and use cleaner ingredients. General Mills and Kraft Heinz, two of the largest food manufacturers globally, pledged last week to remove all artificial dyes from their […] ...
Goldman Sachs announces firmwide launch of AI assistantGoldman Sachs announces firmwide launch of AI assistant
On Monday, Goldman Sachs announced that it is rolling out a generative artificial intelligence (AI) assistant across the firm in its latest move to incorporate the technology into employees’ workflows. Goldman announced that its in-house AI application, known as the GS AI Assistant, is available to employees throughout the company, offering tools tailored to meet the […] ...
Walt Disney World resorts’ new ‘sophisticated’ restaurant to require dress codeWalt Disney World resorts’ new ‘sophisticated’ restaurant to require dress code
A new steakhouse coming to Walt Disney World Swan and Dolphin is going to require guests to change out of their typical resort attire. Bourbon Steak by Michael Mina started accepting reservations last week, and its website makes clear that guests may need to change if they spent the day at a park. “This restaurant […] ...