Breaking News: Economy

U.S. slams ‘meritless’ Israel genocide suit, reigniting tensions with South Africa

South Africa’s genocide accusation against Israel has placed further strain on an already frayed relationship with the U.S. and could…

Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet

Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said…

The 2023 U.S. economy, in a dozen charts

The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty…

Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note

The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data…

U.S. payrolls increased by 216,000 in December, much better than expected

The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than…

St. Louis Fed names former Tudor executive Alberto Musalem as new president

Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday.…

‘Mnuchin has not been in the room’: Trump Treasury secretary absent from 2024 campaign

After serving in the Trump administration for four years, former Treasury Secretary Steven Mnuchin is keeping his distance from the…

Private payrolls added 164,000 in December, beating expectations, ADP says

Hiring in the private sector rose at a faster-than-expected pace in December, closing out a strong 2023 for the resilient…