Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt and a “steady deterioration in standards of governance” over the past two decades.
Nation and World
Cooks, room attendants, dishwashers, servers, bellmen and front desk agents at hotels were picketing outside major hotels in Los Angeles and Orange counties just as the summer tourist is ramping up.
The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy.
The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.
Food prices that are already at their highest point in more than a decade are set to push even higher amid a global shortage of fertilizer that has worsened since Russia invaded Ukraine.
Zillow Group said that it will stop buying and selling homes, citing the “unpredictability” of forecasting housing prices.
In an encouraging burst of hiring, America’s employers added 850,000 jobs in June, well above the average of the previous three months.
Amazon said Wednesday that it will hold its annual Prime Day over two days in June this year, the earliest it has ever held the sales event.
Though Black Out Tuesday was originally organized by the music community, the social media world also went dark in support of the Black Lives Matter movement, joining voices around the world outraged by the killings of black people in the U.S.
Coronavirus quarantines and border restrictions are continuing to take their toll on casinos in Macao with March gross gaming revenue down 79.7% and the quarter off 60%.
More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier.
The new policy will start Feb. 1, and won’t apply to those hired before then.
Interpol issued a wanted notice Thursday for former Nissan chairman Carlos Ghosn, who jumped bail in Japan and fled to Lebanon rather than face trial on financial charges.
U.S. companies added a modest 135,000 jobs in September, a private survey found, a sign that hiring is slowing as the trade war takes a toll on the economy and employers grow cautious.
If you need to take care of any banking needs on Labor Day, check to see if your branch of choice will be open, as most banks will be closed.
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