Breaking News: Economy

Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates

Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in…

Wholesale prices rose 0.2% in October, in line with expectations

Customers shop at a Costco Wholesale store in Miami on Dec. 15, 2023. Joe Raedle | Getty Images News |…

DIS, CSCO, ASML, TPR and more

Check out the companies making headlines before the bell. Disney – Shares popped more than 9% after the company’s fiscal…

Stocks making the biggest moves midday: RIVN, CAVA, RKLB, AMGN

Check out the companies making headlines in midday trading: Charter Communications , Liberty Broadband — Cable operator Charter Communications agreed…

CPI inflation October 2024:

Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported…

Trump backer John Paulson bows out as possible Treasury Secretary pick

John Paulson visits “Mornings With Maria” at Fox Business Network Studios on October 23, 2024 in New York City.  John…

Stocks making the biggest moves midday: ABBV, TSLA, CI, MS

Check out the companies making headlines in midday trading. Tesla — The electric vehicle stock popped 7% to build on…

Trump ‘most likely’ needs 60 votes in Senate to enact tariff plan, Sen. Rick Scott suggests

Chip Somodevilla | Getty Images President-elect Donald Trump proposed sweeping new tariffs while on the campaign trail. The self-proclaimed “Tariff…

Europe cannot finance Ukraine war if Trump pulls U.S. out of the conflict, Hungary’s Orban warns

Hungarian Prime Minister Viktor Orban attends ADF Talks as part of the Antalya Diplomacy Forum (ADF) at NEST Congress and…

Traders see good chance Fed cuts again in December, skips in January

Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting…