U.S. Economy

‘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…

Biden administration unveils proposed changes to big banks’ overdraft fees

WASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation’s biggest banks structure overdraft…

ABC News cancels Republican debate after Haley refuses to debate without Trump

WASHINGTON — ABC News has announced it will not move forward with its Republican presidential primary debate in New Hampshire…

Trump is a ‘transactional president’ but may not rock the boat on China, Standard Chartered CEO says

Former U.S. President Donald Trump would be a “transactional president” if he returns to power, but is unlikely to blow…

Nikki Haley campaign site lacks policy platform, simple way to evaluate positions

WASHINGTON — Nikki Haley has built her presidential campaign on the support of voters eager for a serious, experienced, conventional…

U.S. carries out new strike in Yemen after Biden vows to keep pressure on

The United States carried out an additional strike against Yemen’s Houthi forces on Friday, two officials told Reuters, after President…

Deflation: Here’s where prices fell in December 2023, in one chart

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In…

Here’s the inflation breakdown for December 2023 — in one chart

The annual inflation rate edged higher in December following two months of declines. However, that reversal likely isn’t cause for…

Haley, DeSantis clash over Disney and government’s role in business

WASHINGTON — Florida Gov. Ron DeSantis and Nikki Haley butted heads Wednesday night over the role of government in regulating…

Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows

Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail…