-
Jerome Powell on Latest Interest Rate Hike: ‘Inflation Pressures Continue to Run High'
“The labor market remains extremely tight,” the chair of the Federal Reserve, Jerome Powell, said Wednesday. “Inflation remains well above our longer-run goal of 2%.”
-
Fed Hikes Rates by a Quarter Percentage Point, Indicates Increases Are Near an End
The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
-
US Inflation Eases But Stays High, Putting Fed in Tough Spot Amid Banking Turmoil
U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system.
-
A Major Bank Failed. Here's Why It's Not 2008 Again
The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday.
-
Silicon Valley Bank Shut Down by Regulators
Silicon Valley Bank, a major lender to tech startups, has been shut down by regulators.
-
Pandemic-Era Food Stamp Benefits Are About to End. Strained Food Banks Are Bracing for Spike in Need
Nearly 30 million Americans who got extra government help with grocery bills during the pandemic will soon see that aid shrink.
-
Covid's ‘Legacy of Weirdness': Layoffs Spread, But Some Employers Can't Hire Fast Enough
Retail sales and other economic data has been positive, despite inflation and rising interest rates.
-
US Inflation Slows to 6.4%, But Price Pressures Re-Emerge
The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans for two years is slowing.
-
Biden's Push to Ban Noncompete Agreements Could Have Big Implications for Health Care
President Joe Biden’s push to ban noncompete agreements that limit a worker’s ability to leave their job for a competitor could cause a major shake-up in the health care industry, where the agreements have become pervasive among doctors and nurses.
-
Here's Where the Jobs Will Be During the Rolling Recessions
Recession-like conditions rolling through the U.S. economy are likely to cause more ripples through an otherwise strong jobs market.
-
Why You Won't See Many Car Ads During Sunday's Super Bowl
The only automakers expected to advertise during Sunday’s game between the Eagles and Chiefs on Fox are GM, Kia and Stellantis’ Ram and Jeep brands.
-
Retailers Try to Curb Theft While Not Angering Shoppers
Across the retail landscape, businesses have been putting items under lock and key as a quick way to stop thieves.
-
Jobs Report Shows Increase of 517,000 in January, Crushing Estimates, as Unemployment Rate Hit 53-Year Low
Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.
-
Fed Raises Rates a Quarter Point, Expects ‘Ongoing' Increases
The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting.
-
U.S. GDP Rose 2.9% in the Fourth Quarter, More Than Expected Even as Recession Fears Loom
Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.
-
With a Possible Recession Looming, Here's How to Decide If You Should Go Back to School
With a recession possible, inflation and higher interest rates are complicating the usual return on investment equation for continuing higher education.
-
How Much Should I Pay to Prepare My Taxes?
Gonzalo Freixes, adjunct professor of accounting at the UCLA Anderson School of Management, explains the average national costs to prepare your tax return for the upcoming tax season.
-
Is Tipping Getting Out of Control? A Lot of People Seem to Think So
Consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re tired of being asked to leave a gratuity for a muffin or a simple cup of coffee at their neighborhood bakery.
-
Wholesale Prices Fell Significantly in December
Government figures say the wholesale price for goods and services dropped sharply in December, a sign that inflation may be waning.
-
The US Has Reached Its Debt Limit. What Happens If It Isn't Raised?
The U.S. government reached the nation’s legal borrowing limit on Thursday, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default.