Cheaper gas and food provide some relief from inflation in US
Much of the drop resulted from price declines for such goods as gas, used cars and furniture, which had soared a year ago after Russia’s invasion of Ukraine.
Tornado damage fallout: Workers fear layoffs if Montebello plant shuts down
Utilimaster, a Michigan-based company that specializes in after-market truck customization has notified the city that the damage to its building was so significant, it may be forced to close.
LA City Councilman wants $25 minimum wage for LAX and tourism workers
Los Angeles City Councilman Curren Price is pushing to raise the minimum wage for eligible workers to $25 an hour.
US adds 236,000 jobs in March despite Fed's rate hikes
The latest signs increasingly suggest that an economic slowdown may be upon us.
Social Security cuts could be coming soon — here's who will be affected
A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.
Social Security cuts could be coming soon — here's who will be affected
The Social Security program is expected to run dry within a decade as a result of slower economic growth — and today's youngest retirees could be among the first in the nation to see benefit cuts.
McDonald's temporarily shuts US offices, prepares layoff notices: report
McDonald's said in an internal email last week to U.S. employees and some international staff that they should work from home from Monday through Wednesday, so it can deliver staffing decisions virtually, the report said.
First Citizens to acquire troubled Silicon Valley Bank, FDIC says
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Gender pay gap in US hasn’t changed much in two decades, report finds
New analysis from Pew Research finds that despite women earning more now than they did over 30 years ago, the disparity in pay for them compared to men has been stagnant.
Federal Reserve raises key interest rate by quarter-point
The Fed also warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions" and “weigh on economic activity, hiring and inflation."
Egg prices so high, Dollar Tree pulls them from shelves completely
Eggs will make a return to Dollar Tree when prices fall.
Facebook parent Meta to lay off 10K workers
Facebook-parent Meta is slashing another 10,000 jobs and will not fill 5,000 open positions as the social media pioneer cuts costs.
President Biden tries to reassure Americans ‘banks are safe’
President Joe Biden addressed the nation Monday morning and said Americans will have full access to their money and can rest assured the banking system is safe.
Silicon Valley Bank seized by regulators
Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.
Housing affordability at record low, report says
The number of affordable listings fell 53% from a year earlier, the Redfin report found.
Costco maintaining low rotisserie chicken prices
Rotisserie chicken is just one example of key categories Costco members covet
Education industry at highest risk for layoffs over next 6 months: survey
A recent survey reveals that the education sector was the most susceptible to layoffs in 2023 if there's a recession.
Lower gas prices coming? SoCal Gas says expect bills to drop by 67% in March
Relief is on the way in March, the company said.
Fed officials signal more rate hikes likely amid sticky inflation, minutes show
Federal Reserve policymakers see more interest rate hikes ahead.
Tuesday morning California store closures: Full list
According to the company’s website, 263 of Tuesday Morning’s approximately 490 locations "in low-traffic regions" will close.