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Showing posts with the label economy-news

Why medals at the 2026 Winter Olympics are worth more than ever

Why medals at the 2026 Winter Olympics are worth more than ever The recent surge in gold and silver prices to record highs will make the medals awarded at the 2026 Winter Olympics the most expensive in history.The Milan Cortina 2026 Winter Olympics officially begi... Read more: https://worldnewsguru.us/economy-news/why-medals-at-the-2026-winter-olympics-are-worth-more-than-ever Originally published on World News Guru

Mortgage rates tick higher but remain near 6%

Mortgage rates tick higher but remain near 6% Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-yea... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-tick-higher-but-remain-near-6 Originally published on World News Guru

January layoffs rose to the highest level for the month since 2009

January layoffs rose to the highest level for the month since 2009 U.S. employers' announced job cuts surged in the month of January and hit the highest level since 2009, a new report shows.Global outplacement and executive coaching firm Challenger, Gray & Christmas ... Read more: https://worldnewsguru.us/economy-news/january-layoffs-rose-to-the-highest-level-for-the-month-since-2009 Originally published on World News Guru

Chrysler recalls more than 450,000 vehicles over brake light failure

Chrysler recalls more than 450,000 vehicles over brake light failure Chrysler is recalling more than 450,000 vehicles and more than 2,000 tow-trailer modules over a brake light failure that could raise the risk of a crash, according to the National Highway Traffic Safe... Read more: https://worldnewsguru.us/economy-news/chrysler-recalls-more-than-450000-vehicles-over-brake-light-failure Originally published on World News Guru

Chrysler recalls more than 450K vehicles over light brake failure

Chrysler recalls more than 450K vehicles over light brake failure Chrysler is recalling more than 450,000 vehicles and more than 2,000 tow-trailer modules over a light brake failure that could raise the risk of a crash, according to the National Highway Traffic Safe... Read more: https://worldnewsguru.us/economy-news/chrysler-recalls-more-than-450k-vehicles-over-light-brake-failure Originally published on World News Guru

Private sector added 22,000 jobs in January, well below expectations, ADP says

Private sector added 22,000 jobs in January, well below expectations, ADP says Companies in the private sector added just 22,000 jobs in January, payroll processing firm ADP said Wednesday.The figure is well below economists’ estimates of a gain of 48,000 jobs. The prior month's... Read more: https://worldnewsguru.us/economy-news/private-sector-added-22000-jobs-in-january-well-below-expectations-adp-says Originally published on World News Guru

China moves to ban feature commonly seen on Tesla vehicles over fear of trapped passengers

China moves to ban feature commonly seen on Tesla vehicles over fear of trapped passengers China has moved to ban one of the most iconic Tesla vehicle features in order to get a handle on vehicle safety.New safety regulations published by China’s Ministry of Industry and Information Technol... Read more: https://worldnewsguru.us/economy-news/china-moves-to-ban-feature-commonly-seen-on-tesla-vehicles-over-fear-of-trapped-passengers Originally published on World News Guru

Energy giant bets big on US, says its electricity market 'hottest' in the world

Energy giant bets big on US, says its electricity market 'hottest' in the world Siemens Energy said Tuesday it will invest $1 billion to expand power grid and gas turbine manufacturing in the United States as rising electricity demand from data centers and artificial intelligence... Read more: https://worldnewsguru.us/economy-news/energy-giant-bets-big-on-us-says-its-electricity-market-hottest-in-the-world Originally published on World News Guru

Siemens Energy investing $1B, creating highly skilled jobs in US

Siemens Energy investing $1B, creating highly skilled jobs in US Siemens Energy said Tuesday it will invest $1 billion to expand power grid and gas turbine manufacturing in the United States as rising electricity demand from data centers and artificial intelligence... Read more: https://worldnewsguru.us/economy-news/siemens-energy-investing-1b-creating-highly-skilled-jobs-in-us Originally published on World News Guru

Fed's Miran maintains call for aggressive interest rate cuts this year

Fed's Miran maintains call for aggressive interest rate cuts this year Federal Reserve Governor Stephen Miran on Tuesday called for the central bank to make aggressive interest rate cuts this year."I'm probably looking for a little bit more than a point of interest rate ... Read more: https://worldnewsguru.us/economy-news/feds-miran-maintains-call-for-aggressive-interest-rate-cuts-this-year Originally published on World News Guru

Here's when taxpayers will get their refunds

Here's when taxpayers will get their refunds Tax season officially began last week and American taxpayers who are due to receive tax refunds are likely to see them reach their accounts within a few weeks, depending on how they filed their return... Read more: https://worldnewsguru.us/economy-news/heres-when-taxpayers-will-get-their-refunds Originally published on World News Guru

Government shutdown will delay release of January jobs report

Government shutdown will delay release of January jobs report The partial government shutdown that began on Saturday morning is set to delay the release of the January jobs report that was slated for publication this week.The Bureau of Labor Statistics said Mond... Read more: https://worldnewsguru.us/economy-news/government-shutdown-will-delay-release-of-january-jobs-report Originally published on World News Guru

Costco issues recall notice for bakery item due to undeclared allergen

Costco issues recall notice for bakery item due to undeclared allergen Costco issued a recall notice for mislabeled bakery items that could cause allergic reactions in customers.Costco announced that one of its products, "Mini Beignets filled with Caramel," was "inadvert... Read more: https://worldnewsguru.us/economy-news/costco-issues-recall-notice-for-bakery-item-due-to-undeclared-allergen Originally published on World News Guru

New SNAP work requirements take effect in more states under Trump-backed law

New SNAP work requirements take effect in more states under Trump-backed law New work requirements are expanding across more states Sunday for the Supplemental Nutrition Assistance Program, or SNAP, the nation’s largest federal assistance program.Starting today, adults between... Read more: https://worldnewsguru.us/economy-news/new-snap-work-requirements-take-effect-in-more-states-under-trumpbacked-law Originally published on World News Guru

Grocery store edges out Publix as America's favorite

Grocery store edges out Publix as America's favorite Trader Joe's has notched the top spot on the American Customer Satisfaction Index's 2026 supermarket rankings.According to the "Satisfaction Benchmarks by Company" list, Trader Joe's earned an 86 comp... Read more: https://worldnewsguru.us/economy-news/grocery-store-edges-out-publix-as-americas-favorite Originally published on World News Guru

Lawmakers react to Trump nominating Kevin Warsh for Federal Reserve chairman

Lawmakers react to Trump nominating Kevin Warsh for Federal Reserve chairman President Donald Trump on Friday nominated Kevin Warsh to serve as the next chairman of the Federal Reserve, setting up a confirmation process that could prove contentious as it moves through the Sena... Read more: https://worldnewsguru.us/economy-news/lawmakers-react-to-trump-nominating-kevin-warsh-for-federal-reserve-chairman Originally published on World News Guru

Trump picks veteran staffer to head Bureau of Labor Statistics

Trump picks veteran staffer to head Bureau of Labor Statistics President Donald Trump plans to nominate economist Brett Matsumoto to head the Bureau of Labor Statistics, according to sources familiar with the matter.The choice elevates a career staffer to run the... Read more: https://worldnewsguru.us/economy-news/trump-picks-veteran-staffer-to-head-bureau-of-labor-statistics Originally published on World News Guru

Business leaders celebrate Trump's Fed chair pick

Business leaders celebrate Trump's Fed chair pick President Donald Trump on Friday announced the nomination of Kevin Warsh to serve as the next chairman of the Federal Reserve following a lengthy deliberation process.Warsh, who previously served as a... Read more: https://worldnewsguru.us/economy-news/business-leaders-celebrate-trumps-fed-chair-pick Originally published on World News Guru

Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Fed chair?

Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Fed chair? President Donald Trump on Friday announced that he is nominating Kevin Warsh to succeed Jerome Powell as chairman of the Federal Reserve, ending months of speculation over who he'd pick to head the ce... Read more: https://worldnewsguru.us/economy-news/who-is-kevin-warsh-trumps-pick-to-succeed-jerome-powell-as-fed-chair Originally published on World News Guru

Most Saks OFF 5TH locations nationwide to close amid bankruptcy proceedings

Most Saks OFF 5TH locations nationwide to close amid bankruptcy proceedings Saks Global announced the majority of its Saks OFF 5TH locations across the United States will now be closing, just weeks after a bankruptcy filing.  The luxury retailer said 23 of its Saks OFF 5TH st... Read more: https://worldnewsguru.us/economy-news/most-saks-off-5th-locations-nationwide-to-close-amid-bankruptcy-proceedings Originally published on World News Guru