(Reuters) - Heavy equipment company Caterpillar ( CAT ) has agreed to pay $800,000 to resolve allegations of systemic hiring discrimination against Black applicants at an Illinois plant, the U.S. Labor Department said on Tuesday. The money will cover back wages and interest to affected job applicants, and Caterpillar ( CAT ) will offer jobs to 34 people the department...

(Reuters) - U.S. households continued to feel pinched by inflation in late 2023 even as price pressures ebbed, the Federal Reserve reported on Tuesday, with most Americans saying their financial situation had changed little in the last year, while parents reported times had gotten harder. About 72% of adults were doing at least okay financially as of October 2023, the...

01:06 PM EDT, 05/21/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were lower. Actively-traded Invesco QQQ Trust (QQQ) was 0.1% softer. US equity indexes were mixed Tuesday after more Federal Reserve officials opined on the path ahead for interest rates while investors awaited Nvidia's ( NVDA ) quarterly earnings. Energy iShares US Energy ETF...

02:05 PM EDT, 05/21/2024 (MT Newswires) -- Several more months of good inflation data are likely required to support a case for a reduction in the Federal Reserve's benchmark lending rate, Governor Christopher Waller said Tuesday. In a bid to tame inflation, the central bank's Federal Open Market Committee increased interest rates by 525 basis points from March 2022 through...