Grim retail sales suggest possible recession for Britain
U.K. retail sales dropped significantly more than expected in December, in a sign that the economy may have entered a…
Unredacted complaint alleges Meta knew of ‘huge volume’ of child sexual harassment on its platforms
WASHINGTON — A new legal filing about child exploitation on Meta‘s Facebook and Instagram apps alleges a 2021 internal company…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying…
New Morgan Stanley CEO is ‘super bullish’ on hitting financial targets
Morgan Stanley‘s new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in…
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…
‘That’s Bidenomics at work’: White House eager to take credit for retail sales bounce
The White House eagerly took credit Wednesday for December’s strong retail sales numbers, which beat expectations due to higher consumer…
