This story about the August 2026 jobs report will be updated with further details. The U.S. economy rebounded in August, adding jobs at a solid pace…
The average price for diesel has reached a new record of $5.85 as of Sept. 4, surpassing the prior high of $5.8159 set back in June 2022, according to AAA. The AAA national average for…
Mortgage rates rose to the highest level in more than a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.71% from last week’s reading of 6.66%. It was the highest…
The rapid buildout of artificial intelligence (AI) infrastructure is expected to accelerate in the years ahead, with a new analysis projecting investment in the sector will top $31 trillion through 2050. A report by PwC projects that capital expenditures on AI infrastructure will reach $31.6 trillion by 2050 as companies…
Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a sell-off amid concerns over energy prices keeping inflation elevated as well as government debt burdens. The yield on the benchmark 10-year Treasury note was around 4.8% in the early afternoon on Wednesday, slightly…
Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday. The ride-hailing giant’s CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are…
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EXCLUSIVE: Just two weeks after the Florida Chamber of Commerce launched a viral Times Square ad crowning New York City Mayor Zohran Mamdani as Florida’s “Economic Developer of the Year,” corporate decision-makers are answering the…
