U.S. Economy

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

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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

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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…

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…