Economy

Credit card balances jumped in the second quarter and are above $1 trillion for the first time

Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1…

Stocks making the biggest moves premarket: UPS, Lucid, Beyond Meat, Novo Nordisk and more

Check out the companies making headlines in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company popped 31% following…

Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end

Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its…

Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and more

Check out the companies making headlines in after-hours trading. Chegg — Shares soared more than 25% after the educational tech…

Stocks making the biggest moves midday: Tesla, Berkshire Hathaway, PayPal, Cinemark and more

Check out the companies making headlines in midday trading. Tesla — The electric vehicle stock dropped nearly 3% after announcing…

Are U.S. seniors among the developed world’s poorest? It depends on your point of view

The U.S. retirement system is a sprawling complex, a so-called “three-legged stool” of Social Security payments, workplace savings plans and…

JPMorgan backs off recession call even with ‘very elevated’ risks

JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a…

Biden order curbing investment to China expected next week

President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China…

The story of inflation, as told through your child’s backpack

Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread…

Stocks making the biggest moves midday: Amazon, Apple, Block, Tupperware and more

Check out the companies making headlines in midday trading. Amazon — The e-commerce giant surged 8.3% after delivering a massive…