Source: Debt ceiling 'agreement in principle' has been reached
President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle" late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline,
President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle" late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline,
Round 3 of Disney job cuts starting
Disney has said it plans to trim 7,000 from its workforce overall
Disney has said it plans to trim 7,000 from its workforce overall
Debt ceiling: No agreement yet, but Biden, McCarthy say they're optimistic after meeting
President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.
President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.
Debt ceiling explained: Why it's a struggle, how the impasse could end
Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
Negotiations are continuing over raising the nation's debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills.
Debt ceiling: Biden cuts short upcoming trip; McCarthy says deal possibly by end of week
The U.S. Treasury is warning that the U.S. could run out of cash to keep paying the nation’s bills as soon as June 1 if there is no agreement.
The U.S. Treasury is warning that the U.S. could run out of cash to keep paying the nation’s bills as soon as June 1 if there is no agreement.
Housing market could tumble into a 'deep freeze' if US defaults on its debt
A new analysis from Zillow projected that home-buying costs could surge by a stunning 22% if Congress fails to raise the debt limit by June 1.
A new analysis from Zillow projected that home-buying costs could surge by a stunning 22% if Congress fails to raise the debt limit by June 1.
Number of new American business applications hits an all-time high
According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record.
According to data from the U.S. Census Bureau, 5.4 million new business applications were filed in 2021, the highest of any year on record.
Spring homebuyers to continue facing inventory woes
New home listings dropped 21.3% year over year nationwide.
New home listings dropped 21.3% year over year nationwide.
Airbnb renews push for renting single rooms costing average of $67 per night
The company said Wednesday that it's rolling out a new Airbnb Rooms offering in which guests share space with the owner.
The company said Wednesday that it's rolling out a new Airbnb Rooms offering in which guests share space with the owner.
United planning to hire 15K workers ahead of expected summer travel surge
The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.
The hiring sign is out at United Airlines. The airline said Wednesday that it plans to add 15,000 workers this year, and hired 7,000 in just the past four months.
Feds raise key interest rate to highest level in 16 years
The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
3,600 LA County fast food workers are homeless, report shows
The results published in Economic Roundtable’s study reveal 10,120 fast food workers in California are unhoused despite wages steadily increasing in recent years.
The results published in Economic Roundtable’s study reveal 10,120 fast food workers in California are unhoused despite wages steadily increasing in recent years.
California tops list of most exited states in 2022
California was one of the most exited states in 2022, along with Illinois, Michigan, Pennsylvania, and New Jersey, according to a new study tracking migration patterns.
California was one of the most exited states in 2022, along with Illinois, Michigan, Pennsylvania, and New Jersey, according to a new study tracking migration patterns.
$300K salary is 'new $100K' in these California cities
Several California cities including Los Angeles, Long Beach, San Francisco, and Oakland all require exceptionally high salaries to feel like $100,000.
Several California cities including Los Angeles, Long Beach, San Francisco, and Oakland all require exceptionally high salaries to feel like $100,000.
7 California ZIP codes among top 10 most expensive in US: report
Seven of the top 10 most expensive ZIP codes in the U.S. were in California, the analysis found.
Seven of the top 10 most expensive ZIP codes in the U.S. were in California, the analysis found.
First Republic Bank seized by regulators, sold to JPMorgan Chase
The Federal Deposit Insurance Corporation said early Monday that First Republic Bank’s 84 branches in eight states will reopen as branches of JPMorgan Chase Bank and depositors will have full access to all of their deposits.
The Federal Deposit Insurance Corporation said early Monday that First Republic Bank’s 84 branches in eight states will reopen as branches of JPMorgan Chase Bank and depositors will have full access to all of their deposits.
73% of American Millennials living paycheck-to-paycheck, financial report shows
Faced with high prices and interest rates, consumers have begun reining in their spending.
Faced with high prices and interest rates, consumers have begun reining in their spending.
These are the cities you can earn six figures in and still be broke
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
These jobs are safe from the AI revolution — for now
Jobs involving manual or outdoor labor or specialized knowledge are less likely to be replaced by AI-informed automation.
Jobs involving manual or outdoor labor or specialized knowledge are less likely to be replaced by AI-informed automation.
US workers now expect almost a $76,000 salary to start a new job, data shows
Meanwhile, American women expect far less than men when it comes to salary in a new job offer, according to the new Federal Reserve data.
Meanwhile, American women expect far less than men when it comes to salary in a new job offer, according to the new Federal Reserve data.