Economy
Michigan residents, businesses furious days after losing power
More than 157,000 Michigan customers were still without power on Tuesday following relentless winter weather, with conditions leading lawmakers to call for action.
US lags behind as workers in Europe, Asia return to offices
U.S. workers are returning to their offices at a far slower rate than Europe and Asia, with U.S. offices seeing barely half of their pre-pandemic populations.
Goldman Sachs CEO says having 'very tight' job market makes cooling inflation 'very hard'
Goldman Sachs’ CEO, David Solomon, offered insights on the labor market and efforts to cool inflation in the U.S during a recent podcast episode put out by his company.
World Bank estimates earthquake in Turkey caused $34.2 billion in damage; rebuilding may cost double
The deadly earthquake in Turkey earlier this month caused an estimated $34.2 billion in damage, according to the World Bank, and may cost twice that to rebuild.
Home sales jump for month but headwinds remain
Signed contracts to buy previously owned homes rose for the second month in a row in January, but pending transactions remain down by 24.1% year-over-year.
Politician's advice to 'work more' to afford food under skyrocketing inflation causes firestorm: 'disgraceful'
U.K. environment secretary Therese Coffey touched off a firestorm by suggesting the British public work more as skyrocketing inflation grips the United Kingdom.
‘Shark Tank’ star Kevin O’Leary on the single most entrepreneurial sector in the American economy
O'Leary Ventures Chairman and "Shark Tank" star Kevin O'Leary reveals the most entrepreneurial sector in the U.S. economy and its' "secret sauce."
JetBlue, Spirit insist merger won't lead to higher airline fares, as DOJ circles
Ahead of a decision from the Department of Justice on whether to block a merger between JetBlue Airways and Spirit Airlines, the companies are reportedly making a final push.
Starbucks catches break as judge vacates nationwide ban on firing union workers
A federal judge in Michigan has vacated his order blocking Starbucks from firing employees who attempt to unionize, citing "certain errors" in his opinion.
Fed likely to trigger a recession with higher interest rates, research shows
The U.S. economy will likely tumble into a recession this year as a result of the Fed's aggressive war against high inflation, according to new research.
