U.S. Economy

Biden slams Trump as ‘revealing twisted true colors’ after Trump says he hopes economy crashes in 2024

The White House took aim at former President Donald Trump after the Republican presidential candidate front-runner said he hoped the…

U.S. slams ‘meritless’ Israel genocide suit, reigniting tensions with South Africa

South Africa’s genocide accusation against Israel has placed further strain on an already frayed relationship with the U.S. and could…

U.S. companies in no hurry to disclose ownership under new Treasury rule

WASHINGTON — Treasury Secretary Janet Yellen on Monday announced that just one week after a major new reporting requirement went…

Top Goldman Sachs analyst says the world is moving into a new super cycle

The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to…

Here’s where the jobs are for December 2023 — in one chart

The U.S. labor market beat expectations again in December, adding 216,000 jobs to close out the year while the unemployment…

Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note

The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data…

St. Louis Fed names former Tudor executive Alberto Musalem as new president

Economist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday.…

Lawmakers praise workers for landmark Wells Fargo union branch vote in New Mexico

WASHINGTON — Democratic lawmakers on Thursday praised workers at a New Mexico branch of Wells Fargo for becoming the first…

Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million

WASHINGTON — A former Swiss finance executive pled guilty in New York federal court on Thursday to conspiring to defraud…

Billions are on the line for lenders as White House finalizes credit card late fee cap

WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5…