Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates
Treasury Secretary Scott Bessent clarifies he's not directing the Fed after suggesting neutral interest rates should be 150 basis points…
Business
Bessent outlines the qualities he’s looking for as he vets Trump’s Fed shortlist
Treasury Secretary Scott Bessent shares what characteristics he is looking for as he interviews candidates to succeed Federal Reserve Chairman…
Producer prices surged more than expected in July, spurring inflation concerns
The Bureau of Labor Statistics reported the producer price index jumped more than expected in July, spurring renewed concerns about…
Lowe’s launches skilled trades academy for military members and spouses
Six-week Skilled Trades Academy offers veterans and military spouses training in HVAC, plumbing, electrical work and construction with OSHA certifications.…
Treasury’s Bessent says fixing housing affordability crisis will be one of his ‘big projects’ this fall
Housing affordability crisis deepens as Treasury Secretary Bessent announces plans to address mortgage rates through potential sale of government stake…
Kodak says there’s ‘substantial doubt’ it can stay in business
Kodak warned in a Securities and Exchange Commission filing that it faces serious financial concerns, citing substantial doubt about continuing…
Disney teams up with Navy welfare group to give US troops a ‘fantastic’ experience
Disney gave U.S. troops in Djibouti a "fantastic" experience in the form of a special screening of the new film…
US national debt hits record $37 trillion
The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government…
Hand soaps recalled over bacteria that could lead to ‘life-threatening sepsis’
DermaRite Industries issued a voluntary recall of hand soaps and antiseptics with a bacteria contamination that could lead to "life-threatening…