Merchants were charged $137.8 billion in credit and debit card swipe fees in 2021. This means the average family had to shell out an additional $900 each year on items due to higher swipe fees even…
Where Jobs Are: Report
Strong hiring in the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its 12th straight month of job gains of 400,000 or more. The U.S. economy added 428,000 jobs…
Boeing to Move Headquarters Out of Chicago
Boeing Co. is expected to move its headquarters to Arlington, Va. from Chicago, people familiar with the matter said, a shift that would place the aerospace company's senior executives closer to key government decision makers in the nation's…
Report: Federal reserve Raises Interest Rates
The Federal Reserve said on Wednesday that it would raise interest rates by a half point for the first time in two decades as policymakers ramp up their fight to cool red-hot inflation, a move that threatens to…
Vladimir Putin via Wikimedia Commons
Putin Issues Decree to Hit ‘Unfriendly’ Nations with…
Russian President Vladimir Putin issued a retaliatory decree Tuesday to hit "unfriendly" states with export blocks in a move that could further hinder the global market. The move would look to terminate existing deals and restrict the export…
Airbnb Ends Covid-related Refunds
Starting May 31, the San Francisco-based home-share company will be updating its extenuating circumstances policy, according to a note on its website. It means Airbnb will "no longer cover COVID-19 related circumstances as a reason…
Airlines Don’t Know How to Handle This Major…
Airlines that once touted globe-spanning destinations, promising adventure, luxury or both, are now leaning on a simpler sales pitch: reliability. Flight delays and cancellations spiked at several points over the last year, costing U.S. carriers more than $100…
Gage Skidmore from Surprise, AZ, United States of America via Wikimedia Commons
The Real Cost of Biden’s Student Loan Forgiveness…
President Biden this week revived the possibility of wiping out millions of Americans' student loan debt with the stroke of a pen, a policy that could cost the federal government $321 billion. Although Biden has so far canceled…
Decline in Trucker Demand Could Foreshadow Recession
A sharp, unexpected downturn in trucking demand since the beginning of March could be evidence of a looming economic recession, according to Bank of America strategists. A Tuesday analyst note from Ken Hoexter, the managing…
New Credit Card Offers Alternative To Americans Fed…
Conservatives are launching the “first credit card built by conservatives for conservatives” in efforts to provide options for Americans unhappy with woke corporations and credit card companies. Coign, the new VISA credit card, launched on Tuesday.…