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 ...

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 ...

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 ...

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 ...

The average rate on a 30-year U.S. mortgage fell again this week, slipping close to its low point so far this year. The decline brings the average long-term mortgage rate to 6.19% from 6.23% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.69%. This is ...

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 ...