Breaking News: Economy

Inflation blame game: UK economic woes set government and central bank on a collision course

LONDON — In January, with one eye on a critical general election in 2024, U.K. Prime Minister Rishi Sunak vowed…

Treasury Secretary Janet Yellen to meet with senior officials in China this week

Treasury Secretary Janet Yellen will travel to Beijing this week to meet with senior Chinese officials. The Treasury said Yellen…

WisdomTree takes new crack at Bitcoin ETF despite prior rejections. Why this time may be different

WisdomTree is attempting to launch a spot bitcoin exchange-traded fund even though its peers have failed. The firm filed with…

Biden says Supreme Court ‘misinterpreted the Constitution’ in rejecting student loan relief

WASHINGTON — President Joe Biden said Friday he’ll give a second go at his student debt relief plan, rooting it…

LGBTQ small business owners struggle to find financing

It’s not an easy time to be a small business in search of financing. For LGBTQ owners, the struggle has…

Key Fed inflation measure shows prices rose just 0.3% in May

Inflation pressures eased slightly in May as consumer spending slowed considerably, according to a Commerce Department report released Friday. The…

First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision

The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision…

Watch Fed Chair Jerome Powell speak live at a policy forum in Portugal

[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a…

Powell says more ‘restriction’ is coming, including possibility of hikes at consecutive meetings

Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate…

ECB chief economist warns markets against pricing in rate cuts within the next two years

European Central Bank Chief Economist Philip Lane on Tuesday warned markets against pricing in cuts to interest rates within the…