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…
ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off
Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central…
Bank of England governor says the UK is facing a wage-price spiral
LONDON — After more than a year of warnings, Bank of England Governor Andrew Bailey says the U.K. is now…
Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline
WASHINGTON — A bill to raise the debt limit and cap government spending passed in the House by a wide…
