U.S. Economy

Texas mifepristone ruling threatens abortion access in states where procedure is legal, attorneys general say

Attorneys general for nearly half of U.S. states in a new court filing warn that a federal judge’s decision to…

Warren, AOC press top Silicon Valley Bank depositors about any cushy treatment they received

WASHINGTON — Two top progressive lawmakers questioned whether Silicon Valley Bank offered its largest depositors unusually cushy treatment, one month…

March’s banking chaos gave short sellers their biggest profits since the financial crisis

Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the…

Criminal marketplace Genesis seized by FBI in larger fight against state-backed cybercrime

Genesis Market, a Russia-linked marketplace where tens of millions of hacked accounts were sold to bad actors around the world,…

Lawmakers aim to train more truck drivers, ease supply chain issues through bipartisan bill

WASHINGTON — A pair of bipartisan lawmakers have reintroduced legislation offering tax credits to U.S. truck drivers in an effort…

Paying more and earning less: How inflation disproportionately hurts women

There’s one group of people that’s being disproportionately hurt by high inflation: women. The relentless rise in prices hurts women…

Sen. Elizabeth Warren says she wants to make banking boring again

Sen. Elizabeth Warren wants banking to be “boring” again following the failures of Silicon Valley Bank and Signature Bank. “What…

It’s the U.S., not Europe’s banking system that’s a concern, top economists say

Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in…

‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says

The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” and…

Biden calls for stricter banking regulations in the wake of SVB, Signature Bank failures

WASHINGTON — President Joe Biden on Thursday urged federal regulators to take up a set of reforms to safeguard the…