World News Guru

Hassett says he supports Federal Reserve independence amid Trump admin's rate cut push National Economic Council Director Kevin Hassett said on Sunday that the Federal Reserve's monetary policy decisions shouldn't be subject to political influence amid the Trump administration's calls f... Read more: https://worldnewsguru.us/economy-news/hassett-says-he-supports-federal-reserve-independence-amid-trump-admins-rate-cut-push Originally published on World News Guru

Bank of America reports small business hiring down 6.7% year-over-year amid tariff surge The Bank of America Institute reported that the firm's data signaled a slowdown in hiring by small businesses as tariff payments by firms that import goods have surged.The report found that small busi... Read more: https://worldnewsguru.us/economy-news/bank-of-america-reports-small-business-hiring-down-67-yearoveryear-amid-tariff-surge Originally published on World News Guru

US-born workers see job gains as foreign-born employment declines, Labor Department data shows The Labor Department's August jobs report showed that the number of immigrant workers declined over the last year while job growth among U.S.-born workers accelerated.The Bureau of Labor Statistics (B... Read more: https://worldnewsguru.us/economy-news/usborn-workers-see-job-gains-as-foreignborn-employment-declines-labor-department-data-shows Originally published on World News Guru

US job growth missed expectations in August amid economic uncertainty The U.S. economy added jobs at a slower pace in August amid uncertainty about economic conditions, adding to signs of a weakening labor market.The Labor Department on Friday reported that employers ad... Read more: https://worldnewsguru.us/economy-news/us-job-growth-missed-expectations-in-august-amid-economic-uncertainty Originally published on World News Guru

AI stock euphoria: Is this another 2000 dot-com bust in the making? If you were investing in the late 1990s, you’ll remember the euphoria of the dot-com boom. Anything with a ".com" at the end of its name could raise millions in capital and see its stock price double ... Read more: https://worldnewsguru.us/economy-news/aistock-euphoria-is-thisanother2000dotcombustin-themaking Originally published on World News Guru

Mortgage rates tumble to lowest level since October 2024 Mortgage rates fell to the lowest level since October 2024, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on ... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-tumble-to-lowest-level-since-october-2024 Originally published on World News Guru

If you bought a gold bar at Costco last year, here is what it's worth now Gold prices slipped on Thursday, marking a pause in what has been a record-breaking rally that has seen market prices for the precious metal surge over the last year.Long considered a safe haven asset... Read more: https://worldnewsguru.us/economy-news/if-you-bought-a-gold-bar-at-costco-last-year-here-is-what-its-worth-now Originally published on World News Guru

Private sector added 54,000 jobs in August, below expectations, ADP says Companies in the private sector added 54,000 jobs in August, payroll processing firm ADP said Thursday.The figure is below economists’ estimates of a gain of 65,000 jobs and down sharply from the prio... Read more: https://worldnewsguru.us/economy-news/private-sector-added-54000-jobs-in-august-below-expectations-adp-says Originally published on World News Guru

McDonald's CEO warns of 'two-tiered economy' McDonald’s CEO Chris Kempczinski warned of a "two-tier economy" as the fast-food giant brought back its Extra Value Meals this week in hopes of capturing budget-conscious consumers. Kempczinski made t... Read more: https://worldnewsguru.us/economy-news/mcdonalds-ceo-warns-of-twotiered-economy Originally published on World News Guru

How NYC dem socialist mayoral candidate's $30 minimum wage plan could lead to job losses New York City mayoral candidate Zohran Mamdani's plan for a $30 an hour minimum wage could make it harder for Americans to access entry-level jobs by speeding up automation.Mamdani, the 33-year-old st... Read more: https://worldnewsguru.us/economy-news/how-nyc-dem-socialist-mayoral-candidates-30-minimum-wage-plan-could-lead-to-job-losses Originally published on World News Guru

Salesforce cuts 4,000 jobs due to AI, CEO says Salesforce has cut 4,000 customer support jobs and replaced them with artificial intelligence (AI) agents, CEO Marc Benioff said recently. Benioff made the comments while discussing how the new techno... Read more: https://worldnewsguru.us/economy-news/salesforce-cuts-4000-jobs-due-to-ai-ceo-says Originally published on World News Guru

Treasury Department releases official list of jobs eligible for 'no tax on tips' deduction The Treasury Department unveiled its list of jobs that will be covered by the Trump administration's "no tax on tips" policy under the One Big Beautiful Bill Act (OBBBA).President Donald Trump made "n... Read more: https://worldnewsguru.us/economy-news/treasury-department-releases-official-list-of-jobs-eligible-for-no-tax-on-tips-deduction Originally published on World News Guru

Trump admin weighs national housing emergency, Treasury's Bessent says Treasury Secretary Scott Bessent on Monday said that the Trump administration is mulling the declaration of a national housing emergency in an effort to address high housing prices and limited invento... Read more: https://worldnewsguru.us/economy-news/trump-admin-weighs-national-housing-emergency-treasurys-bessent-says Originally published on World News Guru

World leader issues warning to Trump on Fed independence A key leader in the world economy is warning that undue interference in the Federal Reserve's operations by President Donald Trump could pose a serious economic risk to the U.S. and the rest of the wo... Read more: https://worldnewsguru.us/economy-news/world-leader-issues-warning-to-trump-on-fed-independence Originally published on World News Guru

Southwest Airlines begins using FAA-mandated cockpit barriers on new Boeing jetliners Southwest Airlines on Friday began flying its first jetliner built with a secondary flight deck barrier designed to prevent intrusions in a design change that's been in the works since the Sept. 11, 2... Read more: https://worldnewsguru.us/economy-news/southwest-airlines-begins-using-faamandated-cockpit-barriers-on-new-boeing-jetliners Originally published on World News Guru

Trump asks court to allow removal of Fed's Lisa Cook immediately; judge sets quick schedule President Donald Trump on Friday requested that a federal judge deny a request by Federal Reserve Governor Lisa Cook to prevent the president from firing her, as the court proceedings in the lawsuit t... Read more: https://worldnewsguru.us/economy-news/trump-asks-court-to-allow-removal-of-feds-lisa-cook-immediately-judge-sets-quick-schedule Originally published on World News Guru

Fed's favored inflation gauge shows consumer price pressures remained elevated in July The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest rate cut at its meeting next month.The Commerce Depa... Read more: https://worldnewsguru.us/economy-news/feds-favored-inflation-gauge-shows-consumer-price-pressures-remained-elevated-in-july Originally published on World News Guru

Mortgage rates fall to 10-month low Mortgage rates fell to a 10-month low, 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... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-fall-to-10month-low Originally published on World News Guru

US economy grew at a faster pace in Q2 following Commerce Department revision The U.S. economy grew at a faster rate than previously thought in the second quarter after the Commerce Department released its first revision of real gross domestic product (GDP) growth for the lates... Read more: https://worldnewsguru.us/economy-news/us-economy-grew-at-a-faster-pace-in-q2-following-commerce-department-revision Originally published on World News Guru

Amtrak launches faster, updated Acela train service as Trump admin takes DC Union Station control Five new Amtrak trains will begin rolling out between Washington, D.C., New York and Boston at top speeds of 160 mph starting Thursday.The inaugural NextGen Acela ride is taking off from Washington’s ... Read more: https://worldnewsguru.us/economy-news/amtrak-launches-faster-updated-acela-train-service-as-trump-admin-takes-dc-union-station-control Originally published on World News Guru