The Trump administration defended its attempt to remove Fed Governor Lisa Cook amid her lawsuit to block her firing, while the Federal Reserve asked the court for a prompt ruling.
The fast-growing chicken chain Raising Cane's continues its coast-to-coast expansion with new locations near major universities, targeting college communities nationwide.
The Commerce Department released the July PCE inflation report which showed the growth of consumer prices remained elevated as the Federal Reserve considers an interest rate cut.
A high-stakes lawsuit, likely bound for the U.S. Supreme Court, comes as tensions between President Trump and Fed Governor Lisa Cook reach a fever pitch.
The average rate on the 30-year fixed mortgage fell this week to 6.56%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.58%.
The U.S. economy grew at a revised 3.3% rate in Q2 2025, exceeding initial estimates and economist predictions based on the Commerce Department's latest GDP data.
President Donald Trump has decided against firing Federal Reserve Chairman Jerome Powell for the time being, but the lineup of possible replacements is becoming increasingly clear.