U.S. Economy

Sens. Warren, Booker grill failed retailer Bed Bath & Beyond over allegedly denying severance

WASHINGTON — Home goods retailer Bed Bath & Beyond is facing scrutiny from Democratic lawmakers for allegedly evading severance pay…

LGBTQ small business owners struggle to find financing

It’s not an easy time to be a small business in search of financing. For LGBTQ owners, the struggle has…

First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision

The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision…

Watch Fed Chair Jerome Powell speak live at a policy forum in Portugal

[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a…

A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024

The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…

Retailers Shein and Temu violate U.S. tariff law and evade human rights reviews on imports, House report says

WASHINGTON — A House committee exploring economic competition between the U.S. and China on Thursday released a damning report connecting…

Watch Fed Chair Jerome Powell speak live to Senate banking panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

Watch Fed Chair Powell speak live on rate hikes and more to a House panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

House Democrats release wave of bank reform bills

WASHINGTON — House Democrats on Wednesday will release a slate of reform bills in response to the recent bank failures…

Bipartisan bill to claw back executives’ pay when banks fail passes out of Senate Banking Committee

WASHINGTON — The Senate Banking Committee on Wednesday voted to send to the full Senate a bill that aims to…