Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to…
The most important thing Warren Buffett said Saturday, and it isn’t good news for the economy
OMAHA, Neb. — Warren Buffett, whose conglomerate is viewed as a barometer of U.S. economic health because of the range…
Outlook for household spending slumped in April, New York Fed survey shows
Household spending is expected to decrease significantly over the next year, according to a New York Federal Reserve survey released…
Unemployment rate sinks in April for Black and Hispanic workers, but holds steady for Asians
The unemployment rate slipped for Black and Hispanic workers in April, but remained stable for Asian American workers. The U.S.…
Here’s where the jobs are for April 2023 — in one chart
Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and…
Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday.…
More than 250 business leaders back Julie Su for Labor secretary as nomination hangs in the balance
More than 250 business leaders are urging the Senate to confirm acting Labor Secretary Julie Su to helm the department,…
Fed increases rates a quarter point and signals a potential end to hikes
The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped…
Private payrolls surged by 296,000 in April, much higher than expected, ADP says
Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP…
After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation
After the rescue of First Republic Bank by JPMorgan Chase over the weekend, leading economists predict a prolonged period of…
