Breaking News: Economy

Americans’ buying power rose for first time since March 2021 amid falling inflation

Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…

Watch Fed Chair Jerome Powell speak live to Senate banking panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

Bitcoin rallies to touch highest level since April as traders get bullish on ETF news

Bitcoin hit its highest level since April on Wednesday, as traders got excited about the prospects of a spot bitcoin…

Watch Fed Chair Powell speak live on rate hikes and more to a House panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’

Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until additional progress is…

Bank of England’s conundrum deepens as inflation and labor market stay hot

LONDON — The Bank of England is “caught between a rock and a hard place” as it prepares for a…

Brits are facing a major mortgage crisis as lending rates soar

LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal…

Rate cuts, hikes and pauses: The world’s central banks just made very different decisions

From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones…

One TikTok at a time: How Kyla Scanlon is making finance fun

She’s considered an influencer who uses TikTok, Instagram and YouTube to make financial education fun for young audiences. Kyla Scanlon,…