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A hiring sign is displayed at a gas station in Vernon Hills, Ill., Monday, June 3, 2024. On Thursday, June 13, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y.

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

A hiring sign is displayed at a gas station in Vernon Hills, Ill., Monday, June 3, 2024. On Thursday, June 13, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y.

June 13, 2024, 8:20am Business

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, another possible sign that the labor market is loosening under the weight of high interest rates. Read story

Democrats in Congress say federal mediators should let airline workers strike when it’s ‘necessary’

June 12, 2024, 4:49pm Business

A group of 32 senators say federal mediators should speed up labor negotiations between airlines and their flight attendants and other workers, even granting them permission to go on strike “as necessary.” Read story

The New York Stock Exchange is shown on Wednesday, June 12, 2024 in New York. U.S.

Stock market today: Wall Street climbs on hopes for coming cuts to interest rates

The New York Stock Exchange is shown on Wednesday, June 12, 2024 in New York. U.S.

June 12, 2024, 1:55pm Business

U.S. stocks climbed Wednesday following a surprisingly encouraging update on inflation and a reassurance that the Federal Reserve still sees a cut to interest rates as likely this year. Read story

FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, May 1, 2024. On Wednesday, June 12, 2024, the Federal Reserve ends its latest meeting by issuing a policy statement, updating its economic and interest-rate projections and holding a news conference with Powell.

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, May 1, 2024. On Wednesday, June 12, 2024, the Federal Reserve ends its latest meeting by issuing a policy statement, updating its economic and interest-rate projections and holding a news conference with Powell.

June 12, 2024, 12:10pm Business

Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. Read story

Thefts of charging cables pose yet another obstacle to appeal of electric vehicles

June 12, 2024, 8:12am Business

Just before 2 a.m. on a chilly April night in Seattle, a Chevrolet Silverado pickup stopped at an electric vehicle charging station on the edge of a shopping center parking lot. Read story

FILE - Joey Chestnut, center left, celebrates winning the Nathan&rsquo;s Famous Fourth of July hot dog eating contest in Coney Island on July 4, 2022, in New York. Organizers announced on Tuesday, June 11, 2024, that Chestnut won&rsquo;t compete in this year&rsquo;s competition due to a contract dispute.

Dog fight! Joey Chestnut ‘gutted’ to be out of July 4 hot dog eating contest over brand dispute

FILE - Joey Chestnut, center left, celebrates winning the Nathan&rsquo;s Famous Fourth of July hot dog eating contest in Coney Island on July 4, 2022, in New York. Organizers announced on Tuesday, June 11, 2024, that Chestnut won&rsquo;t compete in this year&rsquo;s competition due to a contract dispute.

June 12, 2024, 8:12am Business

Joey “Jaws” Chestnut, the reigning champion of the Nathan’s Famous Fourth of July hot dog eating contest, will not participate in this year’s event after signing a deal with a rival brand, organizers said Tuesday. Read story

Sinclair open to selling anything, CEO responds to reports of potential TV station sales

June 12, 2024, 8:11am Business

Sinclair, the nation’s largest owner of local television stations, is open to selling any assets in its portfolio at the right price, the media company’s CEO said Tuesday in response to reports of potential sales. Read story

Tugboats escort the cargo ship Dali after it was refloated in Baltimore, Monday, May 20, 2024. The vessel on March 26 struck the Francis Scott Key Bridge causing it to collapse and resulting in the death of six people.

Baltimore’s busy port fully reopens after bridge collapse, and a return to normal is expected

Tugboats escort the cargo ship Dali after it was refloated in Baltimore, Monday, May 20, 2024. The vessel on March 26 struck the Francis Scott Key Bridge causing it to collapse and resulting in the death of six people.

June 12, 2024, 8:10am Business

Authorities anticipate commercial shipping traffic through the Port of Baltimore will soon return to normal levels since the channel fully reopened earlier this week for the first time since the Francis Scott Key Bridge collapse. Read story