Economy

“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%.”

The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.

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.

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, a major lender to tech startups, has been shut down by regulators.

Nearly 30 million Americans who got extra government help with grocery bills during the pandemic will soon see that aid shrink.

Retail sales and other economic data has been positive, despite inflation and rising interest rates.

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.

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.

Recession-like conditions rolling through the U.S. economy are likely to cause more ripples through an otherwise strong jobs market.

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.

Across the retail landscape, businesses have been putting items under lock and key as a quick way to stop thieves.

Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.

The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting.

Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.

With a recession possible, inflation and higher interest rates are complicating the usual return on investment equation for continuing higher education.

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.

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.

Government figures say the wholesale price for goods and services dropped sharply in December, a sign that inflation may be waning.

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.