The U.S. needs ‘bipartisan’ leadership and a ‘strong middle’ politically, Ray Dalio says
As the U.S. gears up for its next presidential election in 2024, the country needs a “strong middle” political ground…
‘Stop the price gouging’: Biden hits corporations over high consumer costs
President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate…
Biden proposes ban on cable cord-cutting fees
WASHINGTON — The Federal Communications Commission on Tuesday announced a rule proposal to ban early termination fees for cable and…
Geopolitical instability and a packed election calendar have strategists wary of 2024
Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew…
Toyota financing arm fined $60 million by consumer watchdog for car loan scam
WASHINGTON — The U.S. financing arm for Toyota was fined $60 million Monday by a federal consumer regulator for preventing car buyers…
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
SINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with “any form”…
House passes bill to avoid government shutdown, Senate to vote next
WASHINGTON — The House approved a bill Tuesday that would avert a government shutdown, sending the measure next to the…
Here’s the inflation breakdown for October 2023 — in one chart
Inflation declined in October, continuing a broad slowdown as gasoline prices retreated during the month. However, price pressures remain under…
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting inflation…
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost…
