US Economy

Dr. Scott Gottlieb warned about the potential long-term effects of Covid and pointed to a new study that suggests brain tissue is being destroyed.

Federal health officials keep pushing for more Americans to get vaccinated as the delta variant accounts for a bigger share of new cases in the United States.

CNBC.com’s Pippa Stevens brings you the day’s top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today’s show, CNBC.com’s Jeff Cox explains the Fed’s new expectations for interest rate hikes, and why investors are concerned about long-term inflation. Plus, CNBC.com’s MacKenzie Sigalos reports from Miami, where the...

Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.

The key 10-year Treasury yield dipped Thursday as investors digested the Federal Reserve’s policy update and a big sell-off in commodities.

The U.S. is investing $3.2 billion to advance the development of antiviral pills to treat Covid-19 and other viruses that have pandemic potential.

The battle between the states for business and jobs is as intense as ever, and it is changing in ways that reflect Covid-19’s lasting impact on the economy.

Initial jobless claims totaled 412,000 last week, an increase of 37,000 from the previous week and higher than the 360,000 estimate.

However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program.

After three straight weeks of declines, mortgage demand came crawling back, thanks to a drop in interest rates.

Month over month, the producer price index increased 0.8%, faster than the 0.5% estimated in a Dow Jones survey.

Rising construction costs are sidelining buyers and making it harder for some builders to get construction loans.

The central bank risks its credibility by keeping policy loose and allowing inflation to grow in a way that may not be transitory, Paul Tudor Jones told CNBC.

“This really marks the transformation into a more focused, simpler and stronger GE,” CEO Larry Culp said in an interview with CNBC’s David Faber.

If the Fed’s view on inflation prevails, a few key things have to go right, particularly when it comes to getting people back to work.

Government red ink for the month was just below $132 billion, the lowest shortfall of the year but still enough to put the total deficit at $2.063 trillion.

The total balance sheet for households and nonprofits rose to $136.9 trillion in the first quarter, a 3.8% gain from the end of 2020

Home prices have been soaring, so homeowners have been getting richer, at least on paper. The equity numbers are staggering.

Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand.

Inflation may look like it will go away but is more likely to persist and lead to a crisis in the years ahead, according to Deutsche Bank.