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…

Stocks making the biggest premarket moves: Tesla, Darden Restaurants, Anheuser-Busch, Alcoa and more

Check out the companies making the biggest moves in premarket trading. Tesla — Shares dropped more than 3% before the…

Bank of England surprises with 50 basis point rate hike to tackle persistent inflation

LONDON — The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its…

Listen to the music play: Fed Chair Jerome Powell admits to being a Deadhead

Let it be known: The leader of the U.S. Federal Reserve, the most important central bank in the world, is…

Stocks making the biggest moves midday: Dollar Tree, Amazon, FedEx and more

Check out the companies making headlines in midday trading. Amazon — Shares of the online retail giant slumped 0.8% after…

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…

Stocks making the biggest moves premarket: Spotify, FedEx, Tesla, Coinbase and more

Check out the companies making headlines in premarket trading. FedEx — Shares slipped 2.9% after the shipping giant reported quarterly…

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…