The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT — Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting prices for the pickup will […]
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10-year Treasury yield tops 4% mark at one point Wednesday
The 10-year Treasury yield inched lower Wednesday after briefly topping the 4% mark as investors bet that perhaps the Federal Reserve wouldn’t cut rates as aggressively as hoped for this year. The 10-year Treasury yield was last down more than three basis points to 3.911, after touching above the key […]
Job openings nudged down in November, down to lowest in more than two years
A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. A new Kentucky law cuts the maximum duration of unemployment benefits by more than half, to 12 weeks, during periods of low unemployment. Luke Sharrett | Bloomberg | Getty Images Demand for workers […]
Red Sea crisis boosts shipping costs, delays – and inflation worries
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes […]
Oil prices rise more than 3% as U.S. warns Houthis against Red Sea attacks, OPEC pledges unity
An employee rides a bicycle next to oil tanks at the Saudi Aramco oil facility in Abqaiq, Saudi Arabia, on Oct. 12, 2019. Maxim Shemetov | Reuters Oil rose more than 3% on Wednesday as the U.S. warned Houthi militants against further attacks in the Red Sea and OPEC pledged […]
2023 layoffs will continue to affect employee morale in 2024, economist says
2023 was a year of layoffs. Over 305,000 U.S. workers were laid off over the year in a series of mass layoffs that started most notably with tech companies, but then spread across industries. “Many businesses had to make tough decisions to reduce their headcounts, especially with the economic uncertainty […]
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday. At the meeting, the rate-setting Federal Open Market Committee agreed to hold its benchmark […]
New change to 529 college savings plans has ‘so many caveats,’ advisor says. Here’s what to know
Nancy Ney | Photodisc | Getty Images The new year has ushered in a big change to 529 college savings plans, which has made the accounts more attractive to some investors. But the adjustment may have unexpected downsides, experts say. Starting in 2024, families can roll unused 529 plan funds […]
These beneficiaries are first to receive a new cost-of-living adjustment for 2024. Here’s what to watch for
Mark Edward Atkinson | Tetra Images | Getty Images What to watch for with ‘two check’ months SSI recipients must comply with strict rules. Individuals have a $2,000 limit on resources they may own such as property, stocks, bonds or bank accounts. For couples, the limit is $3,000. These thresholds […]
Job data shows two kinds of workers: the ‘haves and have nots,’ economist says
Maskot | Maskot | Getty Images U.S. Department of Labor data issued Wednesday suggests a two-tiered job market has emerged, in which workers enjoy strong job security while the unemployed may have trouble finding a new gig. “There’s a bifurcated labor market,” said Julia Pollak, chief economist at ZipRecruiter. “There […]