Economy

UK inflation is just not going down as cost of living crisis offers ‘no respite’

LONDON — U.K. inflation remained stubbornly in double digits in March, driven largely by soaring food prices, while the country’s…

Stocks making the biggest moves after hours: Tesla, Las Vegas Sands, IBM and more

Check out the companies making headlines after the bell. Tesla — Shares slid 3.6% after the electric vehicle maker said…

Stocks making the biggest moves premarket: United Airlines, Netflix, Morgan Stanley and more

Check out the companies making headlines before the bell. United Airlines — The airline lost 0.9% in the premarket after…

‘We should be worried’: Finance leaders warn rising interest rates are squeezing low-income countries

Leaders of several global financial bodies warned that rising interest rates are increasing pressure on low-income developing countries, around 60%…

Gensler defends SEC’s crypto crackdown in marathon House hearing

WASHINGTON — Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from House Republicans on Tuesday over his…

Stocks making the biggest moves after hours: Netflix, United Airlines, Western Alliance, Interactive Brokers and more

Check out the companies making headlines in after hours trading. Netflix — The streaming giant’s shares gained less than 1%…

Stocks making the biggest moves midday: Southwest Airlines, Goldman Sachs, Bellus Health and more

Check out the companies making headlines in midday trading. Lockheed Martin – Shares of the aerospace and defense contractor gained…

Fed Governor Bowman casts doubt on the need for a U.S. digital dollar

Federal Reserve Governor Michelle Bowman expressed skepticism over the possibility of a digital U.S. dollar, noting Tuesday the multiple risks…

Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’

Atlanta Federal Reserve President Raphael Bostic said Tuesday he envisions the central bank approving one more interest rate increase before…

The EU’s divided approach on China might be coming to an end — and the U.S. is unlikely to be happy about it

European Union officials on Tuesday called for a new and joint approach toward China, following French President Emmanuel Macron’s controversial…