Bank of America Highlights 250-Year Role in U.S. Economic Growth
Bank of America CEO Brian Moynihan outlined the bank’s historical role in supporting the U.S. economy since its earliest days in a letter accompanying…
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Business
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United Airlines Cuts 5% of Flights Amid Surging Fuel Prices
United Airlines announced it will reduce about 5% of its flight capacity in response to soaring fuel costs linked to the ongoing conflict involving…
Fed’s Bowman Predicts Three Rate Cuts Before Year-End
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday she has penciled in three interest rate cuts before the end of 2026 to…
IRS Allows $10,000 Deduction for Interest on New U.S.-Made Car Loans
The IRS has issued guidance for a new tax deduction allowing eligible taxpayers to write off up to $10,000 in interest paid on auto…
FDA Recalls Nearly 90,000 Bottles of Children’s Ibuprofen
The Food and Drug Administration (FDA) has announced a nationwide recall of nearly 90,000 bottles of children’s ibuprofen distributed across the United States due…
IRS Issues 2026 “Dirty Dozen” List Highlighting Top Tax Scams
The IRS has released its annual “Dirty Dozen” list of tax scams for the 2026 filing season to alert taxpayers, businesses, and tax professionals…
Treasury Secretary Bessent Rules Out Oil Futures Market Intervention
Treasury Secretary Scott Bessent announced that the U.S. government will not intervene in the oil futures market amid supply disruptions linked to the Iran…
Freddie Mac Reports 30-Year Mortgage Rate Rises to 6.22%
Mortgage rates on the benchmark 30-year fixed loan rose to 6.22% this week, marking the highest level in nearly four months, according to Freddie…
Iranian Strikes Reduce Qatar LNG Output by 17%
Iranian missile and rocket strikes on QatarEnergy’s Ras Laffan LNG facility have caused damage that will cut Doha’s liquefied natural gas (LNG) export capacity…
Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty
The Federal Reserve decided to keep interest rates unchanged Wednesday, maintaining the benchmark federal funds rate at a range of 3.5% to 3.75%. The…