U.S. Economy

What new norm of slower Chinese growth could mean for the global economy

The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after…

‘Oppenheimer’ mania pushes Army to warn of long tourist lines at Trinity atomic test site

WASHINGTON — The U.S. Army said its upcoming open house of the Trinity Site is expected to receive “a larger than normal…

A ‘momentous week’ ahead as the Fed, ECB and Bank of Japan near pivot point

The U.S. Federal Reserve, Bank of Japan and European Central Bank will all announce key interest rate decisions this week,…

Morgan Stanley credits Bidenomics for ‘much stronger’ than expected GDP growth

WASHINGTON — Morgan Stanley is crediting President Joe Biden’s economic policies with driving an unexpected surge in the U.S. economy…

Junk fees, medical debt and artificial intelligence: CFPB chief lays out regulatory agenda

Rohit Chopra has lofty plans for the Consumer Financial Protection Bureau to tackle artificial intelligence threats, medical-debt reporting, exorbitant credit…

House Republicans target proxy advisors in latest hearing picking apart ESG investing

WASHINGTON — A Republican-led House Financial Services subcommittee held a second hearing Thursday scrutinizing the Biden administration’s environmental, social and…

St. Louis Fed President Bullard says he’s stepping down in August

The St. Louis Federal Reserve announced Thursday that Jim Bullard will step down from his post as president, effective Aug.…

Strategist David Roche says we’ll avoid a global recession, central banks will ‘change the goalposts’

The global economy will likely avoid a recession and central banks will need to “change the goalposts” on inflation, according…

June wholesale prices rise less than expected in another encouraging inflation report

The producer price index for June had a smaller-than-expected increase, the Labor Department reported Thursday, in the latest sign that…

Lawmakers tussle over GOP efforts to thwart ESG investing

WASHINGTON — House lawmakers clashed Wednesday over federally mandated environmental, social and governance disclosure requirements for companies rolled out amid…