A pedestrian walks by a now hiring sign posted at a gas station on June 5, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Job cuts at U.S. factories ran near their highest levels since the end of the global financial crisis in 2009 and the Covid-19 pandemic as worries grew over global…
Alan Greenspan, the longtime Federal Reserve chairman known as “the Maestro” who became one of the most influential economic policymakers of his era and famously warned of “irrational exuberance,” has died. He was 100. The influential economist died Monday from complications of Parkinson’s Disease, said his wife of 29 years, Andrea Mitchell, the chief Washington…
The U.S. and Iran made progress during talks in Switzerland on Monday toward reaching a final deal within 60 days, including the agreement to establish a committee and a mechanism to end hostilities in Lebanon. “The Lake Lucerne Summit was conducted in a positive and constructive atmosphere. Encouraging progress has been made, including the creation…
Federal Reserve Chair Kevin Warsh speaks to reporters during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC. Chip Somodevilla | Getty Images Federal Reserve Chairman Kevin Warsh’s first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually…
Oklahoma voters on Tuesday rejected a ballot measure that would have raised the state’s minimum wage to $15 an hour by 2029, marking a rare loss for the issue on a statewide level. State Question 832 would have immediately lifted the state’s minimum wage from $7.25 an hour, a figure it has remained at for…
CoinDesk’s president of indices and data has a message for investors: Don’t count out bitcoin. “When I got my first smartphone, which is a great example of a disruptive technology that has been incorporated into my life, I didn’t get the smartphone and say, ‘This thing is garbage because I can’t get a taxi in…
Passengers board an Avelo flight at Tweed-New Haven Airport. Connecticut Public Broadcasting | Getty Images News | Getty Images With Spirit Airlines gone from the skies, travelers now have fewer lower-cost options waiting in the wings during the busy summer season. Americans may need to get used to it, as the changes taking place in…
Artificial intelligence is giving tech investors an entirely new reason to pay attention to the Federal Reserve. For years, megacap tech companies with hefty balance sheets have been able to shrug off rising rates, which tend to weigh more heavily on smaller, less-profitable peers. But companies that were once cash cows are depleting reserves and…
U.S. President Donald Trump talks as he meets French President Emmanuel Macron for a bilateral meeting at Hotel Royal Evian on June 15 in Évian-les-Bains, France. Anna Moneymaker | Getty Images U.S. President Donald Trump asserted that he has unlimited power and insisted the deal reached with Iran amounts to “unconditional surrender” by Tehran, in…
The Strip, The Sphere and full replica of the Eiffel Tower in daytime Strekoza2 | Istock Editorial | Getty Images A sparsely-populated state known for its world-class casinos and dry desert climate has been a bright spot in the tepid U.S. job market. Nevada‘s workforce grew 1.9% from April 2025 to 2026, the highest of…
