Economy

Don’t count out more rate hikes due to strong jobs market, former Fed governor Kroszner suggests

Don’t count out additional interest rate hikes, according to former Federal Reserve governor Randall Kroszner. Kroszner, who’s now a University…

Stocks making the biggest moves after hours: Cisco Systems, Synopsys, Wolfspeed and more

Check out the companies making headlines in extended trading. Cisco Systems — Shares of the computer networking giant gained about…

Biden takes a victory lap one year after signing Inflation Reduction Act

WASHINGTON — President Joe Biden celebrated the one year anniversary of the signing of the Inflation Reduction Act, arguing that the…

Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show

Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes…

Stocks making the biggest moves midday: Target, Cava, TJX Companies, Intel and more

Check out the companies making headlines in midday trading. Target — Target shares added 2.9% even after the retailer cut…

Stocks making the biggest moves premarket: Target, Tesla, Cava and more

Check out the companies making headlines before the bell. Target — Target shares popped nearly 8% before the market opened…

Stocks making the biggest moves after the bell: H&R Block, Cava, Stride and more

Check out the companies making headlines in extended trading. H&R Block — The tax preparer rose nearly 5.9% after posting…

Stocks making the biggest moves midday: Discover, D.R. Horton, Nvidia, Cleveland-Cliffs, and more

Check out the companies making headlines in midday trading. Banks — Major Wall Street banks slid during midday trading after…

New A.I. working group aims to shape policy for key Democratic bloc

WASHINGTON — Democrats on Capitol Hill are forming a new working group on artificial intelligence and prioritizing how to prevent…

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…