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The new class war: A wealth gap between millennials

The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave of class tension and resentment, according to

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JPMorgan CEO Jamie Dimon hopes for soft landing for U.S. economy but says stagflation is possible

JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In

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Paramount and Skydance inch closer to a merger with one last big hurdle remaining

Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone. Paramount Global’s special committee and David Ellison’s

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Workers earning up to $58K a year could soon become eligible for overtime pay

Millions more Americans could become eligible for overtime pay. The Biden-Harris administration announced a final rule Tuesday that raises the minimum salary threshold to qualify for time-and-a-half pay after 40 hours of

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UAW’s Tennessee win fuels backers’ hopes in the South, but some skeptics are unmoved

The United Auto Workers just notched a historic victory in Tennessee, the union’s first major win since signing new contracts in Detroit as it shifts focus to the South. Some

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Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index

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Congress approved a TikTok ban. Why it could still be years before it takes effect.

TikTok’s fate in the U.S. has never been more in doubt after Congress approved a billthat gives its parent company two options: sell it to an approved buyer or see

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New deep-water channel allows first ship to pass Key Bridge wreckage in Baltimore

BALTIMORE — The first cargo ship passed through a newly opened deep-water channel in Baltimore on Thursday after being stuck in the harbor since the Francis Scott Key Bridge collapsed four weeks

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