U.S. Economy

Biden touts minority small business wins as Latino approval sags

President Joe Biden is flaunting his investments in Black- and Latino-owned small businesses as the Latino vote slips from his…

U.S. Bank fined $36 million for freezing unemployment debit cards during Covid-19 pandemic

WASHINGTON — The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank nearly $21 million for cutting…

FCC votes to ban termination fees for cable and satellite services

WASHINGTON — The Federal Communications Commission on Wednesday voted to pass a measure banning cable and satellite companies from charging…

‘Too many things unaffordable:’ Biden fires up price wars as inflation cools

New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince…

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

Inflation declined slightly last month on the back of weaker prices at the gasoline pump and a broader easing of…

Inflation fears down, consumer optimism up: Economy may start to help Biden with voters

Two new surveys released in recent days suggest consumers may be starting to feel more optimistic about inflation. This could…

‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says

Markets are confused over the odds of a U.S. recession, and “somebody has got it wrong,” according to hedge fund…

U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says

The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending…

‘You can’t just make your own rules’: Tesla faces Scandi revolt as Danes join Swedish strike

Tesla faces a growing revolt in Scandinavia after Danish dockworkers joined a sympathy strike with Swedish mechanics, heaping pressure on…