Business

In the dusty, extra-wide lumber aisle of Home Depot, a contractor taps the neatly piled boards as he walks, sizing up the wood that will soon become the backbone of his next project.He’s on contract to rebuild a privacy fence in the historic Capitol Hill neighborhood of Washington, D.C., beloved for its quiet, narrow streets and century-old homes. The project is a simple one, but comes with an elevated price […]

President Donald Trump’s push for lower interest rates is drawing criticism from allies and opponents alike, raising fresh concerns over the Federal Reserve's independence and the potential risks to the U.S. economy.On Sunday, billionaire Republican megadonor and Citadel CEO Ken Griffin wrote an op-ed in The Wall Street Journal, calling for interest rate resolution but warning that the president’s attacks on the Fed chair carry "steep costs.""Runaway inflation during the […]

Apple on Tuesday kicked off an event featuring the unveiling of a new lineup of iPhones headlined by a new thinner smartphone as the tech giant explores new design features.Apple's new thinner smartphone offering is known as the iPhone Air and is will be in the middle of the company's iPhone lineup between less expensive iPhone 17 models and more expensive iPhone 17 Pro models. The iPhone 17 will be $799, […]

The Trump administration on Tuesday blasted the Labor Department’s annual jobs revisions, which revealed the U.S. added hundreds of thousands fewer jobs than first thought – the largest correction on record.The revisions, compiled by the Bureau of Labor Statistics, showed that previous jobs reports were overstated by 911,000. The latest adjustment – on the higher end of Wall Street’s expectations – comes as President Donald Trump steps up his calls […]

Cracker Barrel announced it is suspending its restaurant remodels after facing public outrage over changes fans said abandoned the chain’s core values."You’ve shared your voices in recent weeks not just on our logo, but also on our restaurants. We’re continuing to listen. Today, we’re suspending our remodels. If your restaurant hasn’t been remodeled, you don’t need to worry, it won’t be," Cracker Barrel said in a statement posted to its […]

A faith-based investment firm partnered with S&P Dow Jones Indices to create a new index and exchange traded fund (ETF) that will cater to evangelical Christian investors.Bountiful Financial and S&P Dow Jones collaborated to create the S&P 500 Christian Values Screened Index, which the firms announced as the first in a suite of indices tailored for evangelical Christian investors."We are proud to empower Christian investors around the world to live with […]

Radio host Howard Stern announced on Monday that he's staying with SiriusXM after an on-air gag left fans wondering about what's next for the shock jock at the satellite radio company.Stern is ranked as one of the highest-paid entertainers, with Forbes deeming him the world's highest-paid radio personality, and it's in large part because of the significant contract with SiriusXM that is set to expire in December.The Radio Hall of […]

Home prices are rising, which is boosting American homeowners' net worth – though those gains may be eroded by stubbornly high inflation.Data from Realtor.com showed that median home listing prices were up 0.5% in July from a year ago, though the outlet noted in a report that inflation has outpaced those gains and is up 2.7% year over year.That dynamic is known as home equity erosion and occurs when the […]

South Korea’s foreign minister departed for the U.S. on Monday following the mass immigration raid by U.S. government officials on the Hyundai-LG battery factory in Georgia last week when some 300 South Koreans were detained. While speaking with reporters ahead of his trip to the U.S., South Korean Foreign Minister Cho Hyun called it "a grave situation" and said he was in communication with Washington after U.S. immigration authorities on Friday arrested 475 […]