Breaking News: Economy

Fed’s Collins says policymakers can ‘proceed cautiously’ on future rate hikes

Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policymaking while saying she needs more evidence…

Treasury yield jump is not ‘death to equities,’ BofA’s Savita Subramanian says

The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on…

Congress returns with the clock ticking to avert government shutdown, fund U.S. disaster response

A deeply divided Congress returned Tuesday from a monthlong summer vacation with the clock ticking to pass spending legislation to…

Stocks making the biggest moves midday: Halliburton, Warner Bros. Discovery, Oracle and more

Occidental Petroleum, Halliburton, EOG Resources — Shares of oil and gas companies were higher Tuesday after Saudi Arabia earlier extended its…

Fed Governor Waller agrees the central bank can ‘proceed carefully’ on interest rates

Federal Reserve Governor Christopher Waller said Tuesday that the recent round of strong economic data will buy the central bank…

‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update it

Italy’s shock tax on banks continues to prove controversial, even as the government insists it can improve it. Europe’s main…

Biden kept a Ford EV battery plant from going overseas. But not everyone is happy about it.

MARSHALL, MICH. – On a gusty morning in a quaint central Michigan town, the sun’s glow hits the brightly colored…

Heading into Labor Day weekend, Biden celebrates new job growth

WASHINGTON — President Joe Biden lauded new jobs data out Friday that showed robust growth in the past month. “As…

Black unemployment rate declines in August, even as it rose across the board

The unemployment rate for Black workers slipped in August, bucking the broader trend of a higher overall jobless rate. The…

Stocks making the biggest moves midday: PagerDuty, Dell, Tesla, Broadcom and more

Check out the companies making headlines in midday trading: VMware — The cloud services company slid 2.8%, a day after…