Economy

House recesses after Defense bill, government funding plan implode

WASHINGTON — House Republican leaders on Thursday sent the chamber into recess, likely dashing hopes of passing a bill to…

Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation

LONDON — The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data…

Fed declines to hike, but points to rates staying higher for longer

The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more…

Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more

Check out the companies making headlines in midday trading. Instacart — Instacart shares fell nearly 11% one day after going…

The Fed would be ‘flying blind’ on interest rate decisions after a government shutdown

A looming government shutdown could prevent the Federal Reserve from raising rates in November, but not for the reason you…

Apple and Goldman were planning stock-trading feature for iPhones until markets turned last year

As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs were working on…

Stocks making the biggest moves premarket: Pinterest, Instacart, Bausch Health and more

Check out the companies making headlines before the bell. Dollar General — Dollar General shares fell 2% after JPMorgan downgraded…

UK inflation dips to 6.7%, below expectations as food prices ease

U.K. inflation surprised with a dip to 6.7% in August, below expectations and sparking increased bets on a pause in…

Here’s everything the Fed is expected to do Wednesday

As often has been the case, this week’s Federal Reserve meeting will be less about what policymakers are doing now…

U.S. national debt hits $33 trillion for the first time

WASHINGTON — The national debt of the U.S. reached a historic milestone by passing $33 trillion for the first time,…