U.S. Economy

FDA to review Schumer’s concerns about YouTube stars’ Prime Energy drink

WASHINGTON — The Food and Drug Administration will address concerns raised by Senate Majority Leader Chuck Schumer about a caffeinated…

White House takes a victory lap after inflation report comes in cooler than expected

WASHINGTON — President Joe Biden on Wednesday celebrated new data that showed inflation cooling more quickly than expected. “Good jobs and…

PGA Tour officials defend LIV Golf deal in Senate hearing

The PGA Tour on Tuesday defended its controversial deal with the Saudi-backed LIV Golf league before senators, as scrutiny of…

Schumer urges FDA to probe Prime energy drink backed by YouTube stars Logan Paul and KSI

WASHINGTON — Senate Majority Leader Chuck Schumer is calling on the Food and Drug Administration to look into a sports…

This is ‘the end of the beginning’ of the battle against inflation, economist says

Central banks are at “the end of the beginning” in their battle against inflation, as several factors keep core prices…

The American banking landscape is on the cusp of a seismic shift. Expect more pain to come

The whirlwind weekend in late April that saw the country’s biggest bank take over its most troubled regional lender marked…

Yellen says ‘direct’ and ‘productive’ Beijing talks a step forward in putting U.S.-China ties on ‘surer footing’

U.S. Treasury Secretary Janet Yellen said 10 hours of meetings with Chinese officials in two days were “direct, substantive and…

Two ETF experts reveal their top tech and A.I. plays for 2023’s second half

Investors may want to stick with what’s working in the market. ETF experts Todd Sohn and VettaFi’s Dave Nadig believe…

The unemployment rate among Black workers increased in June for the second month in a row

The overall U.S. unemployment rate declined in June, but a negative trend among Black workers may be emerging, according to…

Yellen’s visit to China is ‘crucial’ to U.S.-China engagement, professor says

U.S. Treasury Secretary Janet Yellen’s visit to China is “crucial” to ensuring that both countries continue talking to each other,…