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Finance & Economy

Economic policy, federal spending, Wall Street, trade wars, and the financial forces driving political decisions.

Amazon to Pay $309M to Settle Claims Over Unrefunded Returns
Finance
Amazon to Pay $309M to Settle Claims Over Unrefunded Returns
Amazon will pay $309 million to settle claims it wrongly denied refunds for product returns. Eligible customers may rece
10-Year Treasury Yield Hits Highest Level Since 2002
Finance
10-Year Treasury Yield Hits Highest Level Since 2002
The 10-year Treasury yield hit 5.34%, its highest since 2002, as inflation, energy costs, and AI investment pressures pu
10-Year Treasury Yield Reaches Highest Level Since 2002, Raising Borrowing Costs
Finance
10-Year Treasury Yield Reaches Highest Level Since 2002, Raising Borrowing Costs
The 10-year Treasury yield topped 5.34% on Thursday, its highest since 2002, driven by inflation, energy costs, and AI d
Trump Taps Blanche to Review Watchdog Report Exonerating Powell on Fed Renovation
Finance
Trump Taps Blanche to Review Watchdog Report Exonerating Powell on Fed Renovation
President Trump has asked Attorney General Todd Blanche to review an inspector general report that cleared Jerome Powell
Fed's Cook: AI Demand Is Broadening Inflation Across the Economy
Finance
Fed's Cook: AI Demand Is Broadening Inflation Across the Economy
Fed Governor Lisa Cook warned that AI demand is broadening inflation beyond tech goods, with rising energy and construct
October Brings Third Paycheck for Some, 2027 Calendar Shifts
Finance
October Brings Third Paycheck for Some, 2027 Calendar Shifts
October could bring a third paycheck for some workers, while 2027 will see a shift in which months have five Fridays, af
America's Split Reality: Digital Wealth vs. Physical Debt
Finance
America's Split Reality: Digital Wealth vs. Physical Debt
A new analysis reveals how social media and easy credit have created two Americas: one performing wealth online, the oth
Costco to Open 33 New Warehouses in FY2027, Targeting U.S. and Global Markets
Finance
Costco to Open 33 New Warehouses in FY2027, Targeting U.S. and Global Markets
Costco will open 33 new warehouses in fiscal year 2027, with 14 locations already announced and further expansion planne
Wall Street rebounds as oil retreats, but bond yields keep pressure on
Finance
Wall Street rebounds as oil retreats, but bond yields keep pressure on
US stocks finished the week higher as oil prices cooled, though a jump in bond yields and inflation expectations kept ga
Costco Members Can Score $60 Shop Cards with P&G Purchases
Finance
Costco Members Can Score $60 Shop Cards with P&G Purchases
Costco is rewarding members with up to $60 in shop cards for purchases of select Procter & Gamble brands. Qualifying rec
Debt Surges in Affordable States as Fed Rate Hike Looms
Finance
Debt Surges in Affordable States as Fed Rate Hike Looms
Residents of Idaho and Utah have seen their average debt double in ten years, with credit card debt soaring in Nevada. T
Warsh Gains Investor Trust as Bessent Faces Bond Market Backlash
Finance
Warsh Gains Investor Trust as Bessent Faces Bond Market Backlash
Investors now view Fed Chair Kevin Warsh as a credible inflation fighter, while Treasury Secretary Scott Bessent faces c