Economy

Fed Governor Kugler backs caution on rates; Kashkari expects only two or three cuts

Federal Reserve Governor Adriana Kugler said Wednesday inflation is showing solid signs of slowing down, but she is not ready…

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: Stocks have pulled back from…

China expresses concerns to U.S. over tariffs, sanctions in Beijing talks

China’s financial officials expressed concerns to visiting U.S. Treasury officials about U.S. tariffs, investment restrictions and sanctions set up to…

‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist

The world is looking at a debt crisis that will span the next 10 years and it’s not going to…

Senate probe zeroes in on Harlan Crow tax deductions for superyacht used for Clarence Thomas vacations

WASHINGTON — Billionaire real estate executive Harlan Crow’s super yacht was registered with U.S. and British maritime authorities as a…

Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York…