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Business News

K-shaped economy: Why it’s being discussed

WASHINGTON — From corporate executives to Wall Street analysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating. So what does it mean? Simply put, the upper part of the K refers to higher-income Americans seeing their incomes and wealth rise ...

US Steel to resume steel production at Illinois plant shut 2 years ago

HARRISBURG, Pa. (AP) — U.S. Steel said it will resume making steel slabs at its Granite City Works plant in Illinois as demand rebounds. The company shut down the last blast furnace there in 2023, and it even moved to wind down its steel processing mill there in September. However, it ...

Edmunds: Cadillac Optiq outperforms Audi Q4 E-tron

There are many luxury electric SUVs to choose from, but they are often out of reach financially for most buyers. This is especially true now that the $7,500 federal tax credit has been eliminated. But there are some options if you’re working with a modest luxury budget. Two of the most ...

Edmunds: Cadillac Optiq outperforms Audi Q4 E-tron

There are many luxury electric SUVs to choose from, but they are often out of reach financially for most buyers. This is especially true now that the $7,500 federal tax credit has been eliminated. But there are some options if you’re working with a modest luxury budget. Two of the most ...

US filings for jobless benefits fall to 191,000, lowest since September 2022

WASHINGTON (AP) — U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve’s upcoming decision on interest rates. The number of Americans applying for jobless benefits for the ...

Hiram cheese maker named in recall

The Associated Press There is a recall for more than 260,000 cases of shredded cheese sold in 31 states and Puerto Rico because of the potential for metal fragment contamination, according to the U.S. Food and Drug Administration. Ohio was not among the affected states, the FDA said. ...