California’s billionaire tax: $100 billion windfall or $39 billion loss?
Economists sharply disagree on what Proposition 40, a one-time 5% wealth tax on billionaires, would do to California’s budget.
economy
Read More
Gas Likely to Stay Above $4 a Gallon Through Election Day, Analysts Say
The national average is $4.27, up about 43% since the Iran war began in February.
Jobless Claims Fall to 194,000, Lowest Since July
Layoffs remain rare even as hiring stays sluggish in a ‘low-hire, low-fire’ job market.
Amazon to Hire More Than 300,000 Holiday Workers, Its First Increase in Three Years
Seasonal workers will average $20 an hour, and starting in 2027 those working 30 hours a week get health coverage from day one.
Holiday Sales Growth Seen Accelerating to 4.2% as Shoppers Stay Resilient
The National Retail Federation bets consumers will prioritize gifts even as tariffs and energy costs squeeze budgets.
Producer Prices Jump Most in 4½ Years as Gasoline Costs Feed Inflation
Thursday’s Labor Department report showed broad gains in goods and services, keeping another Fed rate hike in play this month.
Weekly Jobless Claims Edge Up to 199,000 as Layoffs Stay Low
New claims rose by 1,000. The four-week average remains near historically low levels, pointing to a still-stable labor market.
September Retail Sales Jump 0.8% as Higher Gas Prices Pad the Total
The gain beat forecasts, but spending outside gasoline looked only moderate, tempering hopes for another blockbuster consumer quarter.
Inflation Jumps to 3.7% in September as Gas Prices Surge
Consumer prices rose 0.6% in a single month, the fastest pace in a while, raising the odds of a Fed rate hike and adding pressure ahead of the midterms.
Jay Feely Blames Biden for Most Price Hikes as CD1 Race Tightens
The Republican congressional candidate told KTAR News most inflation happened under Biden, while saying he has broken with the administration on water.
- 1
- 2