Economy

U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says

The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon…

Retail sales jumped 0.7% in March, much higher than expected

Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department…

For U.S. Cuban claims holders, spy Manuel Rocha’s plea deal raises fresh questions

When Carolyn Lamb saw news of Cuban spy Victor Manuel Rocha’s arrest on the news last December, she recognized him…

Surging inflation fears sent markets tumbling and Fed officials scrambling

The early data is in for the path of inflation during the first three months of 2024, and the news…

Beyoncé bounce: Western boot sales jump more than 20% week over week since ‘Cowboy Carter’ launch

Western boots have a new protector in Beyoncé. The country fashion staple’s sales surged more than 20% in the week…

BlackRock’s Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal

BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won’t…