Secretary of Transportation Sean Duffy told FOX Business on Friday that major U.S. airlines are “going to lose millions of dollars” after the Federal Aviation…
American households’ debt burdens increased to the highest level on record in the third quarter of 2025, according to a new report by the Federal Reserve Bank of New York. The New York Fed’s Center for…
U.S. employers ramped up layoffs in October to the highest level for the month in 22 years as companies looked to cut costs and adopt artificial intelligence (AI). A report from the global outplacement firm Challenger, Gray & Christmas found that employers cut 153,074 jobs in October, an increase of 175% from…
JPMorgan Chase CEO Jamie Dimon warned that high-tax, regulation-heavy states are driving businesses and residents away, accelerating an exodus to pro-growth Sun Belt states like Florida and Texas. Speaking at the America Business Forum in Miami Thursday, Dimon cautioned that the trend could “backfire” on states along the West Coast…
Forty of the busiest airports in the U.S. will see a 10% flight reduction starting Friday after the Federal Aviation Administration (FAA) announced this week that it is forcing airlines to cut back due to the pressure on air traffic controllers during the ongoing government shutdown. The shutdown, the longest…
United Airlines customers with flights booked to travel during the government shutdown will be eligible for a refund, CEO Scott Kirby told employees in a memo on Wednesday. The news came after the Federal Aviation Administration and Department of Transportation announced a reduction in schedules across 40 domestic airports, starting…
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The Federal Reserve cut interest rates for the second time in 2025 last week, though one member of the central bank’s monetary policy committee voted against cutting rates, citing concerns over inflation. Policymakers on the Federal…
