Economy

Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that…

Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more

Check out the companies making headlines in midday trading. Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped…

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well…

Fed Governor Waller casts doubt on need to conduct climate change tests for banks

Federal Reserve Governor Christopher Waller on Thursday cast doubt on the need for special focus on how banks are preparing…

Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate

WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House…

UK economy grows by 0.1% in the first quarter but inflation continues to weigh

LONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March, official figures…

Shifting to life post-Covid: How remote work transformed this city in the Midwest

Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…

Consumer debt passes $17 trillion for the first time despite slide in mortgage demand

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid…

Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation

Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department…