The Fed’s favorite inflation indicator rose less than expected in August
An economic indicator the Federal Reserve favors as an inflation gauge rose less than expected in August, showing that the…
U.S. Latino economic output grows to $3.2 trillion, according to new study
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according…
Dimon warns that the Fed could still raise interest rates sharply from here
JPMorgan Chase CEO Jamie Dimon is warning that interest rates could go up quite a bit further as policymakers face…
‘We have dealt with recessions before’: Jamie Dimon says geopolitics is the world’s biggest risk
JPMorgan Chase CEO Jamie Dimon says geopolitics after Russia’s invasion in Ukraine is the biggest risk, larger than high inflation…
China-EU relationship is at a crossroads, top official says in Beijing
It is a make-or-break moment for China’s relationship with the European Union, as the bloc’s trade chief asks for more…
Credit card losses are rising at the fastest pace since the Great Financial Crisis
Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial…
The Fed would be ‘flying blind’ on interest rate decisions after a government shutdown
A looming government shutdown could prevent the Federal Reserve from raising rates in November, but not for the reason you…
Striking unions impacting the economy at a level not seen in decades
The auto workers’ strike is the latest in a series of labor-management conflicts that economists say could start having significant…
August wholesale inflation rises 0.7%, hotter than expected, but core prices in check
Inflation at the wholesale level rose more than expected in August, countering recent data showing that price increases have tempered…
Shipping giant Maersk unveils world’s first vessel using green methanol
Copenhagen, DENMARK — Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol, a landmark moment…
