U.S. Economy

Why Charles Schwab became a financial ‘supermarket’

Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets,…

FTC Chair Lina Khan refused to sit out agency’s case against Meta despite ethics concerns, report says

WASHINGTON — Federal Trade Commission Chair Lina Khan refused to recuse herself from the agency’s case against Meta Platforms against…

Senate Democrats pressure PayPal, Venmo, Cash App over fraud protections

WASHINGTON — Senate Democrats on Thursday urged PayPal and Cash App to better protect users of their peer-to-peer payment applications…

GOP lawmakers urge DOJ to probe Chinese IP theft from U.S. small businesses

WASHINGTON — Two top Republican congressmen on Thursday urged the Justice Department to investigate intellectual property theft from American small…

Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf merger

WASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a…

Blinken reschedules trip to China for this week after postponing for months over spy balloon

WASHINGTON — Secretary of State Antony Blinken will travel to Beijing this week to meet with senior Chinese officials, the State Department…

Senator opens investigation into PGA Tour merger with Saudi-backed LIV Golf

WASHINGTON — A top Democratic lawmaker launched a probe on Monday into the planned merger of the PGA Tour and…

House lawmakers introduce bipartisan bill requiring total disclosure of ticketing fees

WASHINGTON — Lawmakers introduced a new bipartisan bill on Thursday targeting ticketing-fee disclosures in an effort to increase transparency in…

Unemployment dropped among Hispanic men and women in May but rose for Black workers

The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report. The…

Russian forces target food and water sources to starve Ukrainians, international law investigation says

WASHINGTON — Russian occupying forces in Ukraine have employed starvation tactics on civilians by targeting food lines, agricultural harvests and water infrastructure,…