National Economic Council Director Kevin Hassett said Wednesday he sees no argument for hiking interest rates in light of the latest data on the U.S. economy, including an “amazing” inflation report. “There’s not really an excuse for raising rates right now,” Hassett said on CNBC’s “Squawk Box.” He said that he expects the Federal Reserve…
Consumer prices pulled back in June on the heels of lower energy and gasoline prices, a reversal after moving sharply upward in recent months due to the Iran war. However, inflation risks re-igniting in coming months amid renewed hostilities between the U.S. and Iran, economists said. The consumer price index, an inflation barometer, rose 3.5%…
Franckreporter | E+ | Getty Images Artificial intelligence has prompted concerns that workers — particularly young professionals — could be replaced by advancing technology. Yet signs are emerging that older workers are also affected, according to a new paper from the Center for Retirement Research at Boston College. Workers aged 55-plus in AI-exposed industries are…
Digital generated image of young man in empy black space with semi reflective floor surrounded by multicoloured semi transparent data screens. Andriy Onufriyenko | Moment | Getty Images A majority of U.S. employees now want to hold corporations more accountable via an AI sovereign wealth fund, amid dissatisfaction over a growing number of tech layoffs…
One of the many signs that the Covid pandemic is slipping further into the past is that companies are paying closer attention to the quality of life in locations where they are considering setting up shop. “Where are people moving? Where have they gone post-Covid?” said veteran site selection consultant Tom Stringer of Stringer Site…
As more companies insist their employees return to the office, they know they need to offer something in return to attract and retain good people. That’s why finding a place where people will want to live is an increasingly important factor as companies decide where to set up shop. “Quality of place, especially investing in…
Cars stand in line for gasoline at a Lukoil gas station on July 8, 2026 in Nakhabino outside of Moscow, Russia. Russian cities are experiencing a shortage of automobile fuel caused by numerous Ukrainian drone attacks on oil refineries. Contributor | Getty Images News | Getty Images Ukraine has stepped up its attacks on Russian…
For 48 hours in Ankara, Turkey, it felt as though the world was moving on Donald Trump’s timetable. Markets lurched. NATO allies braced for confrontation. Ukraine searched for reassurance. Iran threatened to upend the agenda. One moment, leaders were preparing for diplomatic crisis; the next, they were describing a “love-in” with the very president many…
A view of Columbus, Ohio, Oct. 30, 2022. Sky Noir Photography By Bill Dickinson | Moment | Getty Images Offering unparalleled access at unrivaled costs, Ohio is America’s Top State for Business in 2026. It is the pinnacle of a long climb for the Buckeye State, once considered the buckle of the Rust Belt. Ohio…
Pierre Yared, acting chair of the Council of Economic Advisers, speaks to members of the media during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026. Graeme Sloan | Bloomberg | Getty Images Pierre Yared is leaving his role as the acting chairman of the…
