Labor

Yellen Says High Inflation Will Stick Around All Year

Treasury Secretary Janet Yellen said Sunday that high inflation would persist for the remainder of 2022 and that, while she expects the U.S. economy...

Apple Employees at Maryland Store Vote to Unionize

The move creates the first union of Apple retail employees in the U.S.

Target Battles Plummeting Profits and Ballooning Inventory by Offering Rare Discounts on Clearance Merchandise

Target has started offering discounts to clear out excess items from its inventory.

Farmers Warn Soaring Diesel Prices Could Cause Food Shortages

Soaring diesel prices could cause food shortages, farmers warned this week.

Conservatives Sound Alarm Over California Bill That Creates Unelected Regulatory Council for Fast Food Industry

A new California bill that would pass off regulation of the fast food industry to an unelected council has raised concerns with Republicans and business groups struggling to recover from pandemic lockdowns.

Fed Hikes Rates by the Most in 28 Years, Signals Volcker-Era Is Back

The Fed hiked rates by a stunning (but expected) 75bps - the biggest hike since 1994. Esther George dissented (preferring 50bps).

U.S. Sending Ukraine Another $1.2 Billion Amid Domestic Economic Downturn

Joe Biden says he "informed President Zelenskyy that the United States is providing another $1 billion in security assistance for Ukraine."

Judge Awards Home Depot Victory After Employee Fired for Wearing Black Lives Matter Messaging

A government judge ruled on Friday in favor of Home Depot, dismissing a case brought by a former employee who was fired for refusing...

CNBC Editor Tears Into Biden Over New Sky-High Inflation Numbers: ‘Maybe Things Would Have Turned Out a Bit Different

CNBC on-air editor Rick Santelli reacted in live time Friday as abysmal new inflation numbers dropped, blasting the Biden administration for its hostile energy policies.

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