Economy

U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%

The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the U.S.…

Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’

Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024.…

As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal

Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of…

Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record

Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock…