Federal Reserve Chair Jerome Powell said the latest economic data suggest inflation is getting back on a downward path but added that officials would like to see more evidence before lowering interest...
First-time applications for U.S. unemployment benefits fell by 6,000 last week, but the number of people on jobless rolls surged to a 2-1/2 year high in mid-June, signaling easing labor market conditions...
Sales of new U.S. single-family homes dropped to a six-month low in May, falling 11.3% as rising mortgage rates dampened demand, according to the Commerce Department. This marked the largest decline in...
Federal Reserve Governor Michelle Bowman expressed concerns about several upside risks to the inflation outlook and emphasized the need to maintain high borrowing costs for an extended period. In prepared...
Shein has confidentially filed papers with Britain's Financial Conduct Authority (FCA) in early June, initiating the process for a potential London listing later this year, according to two sources. The...
The most powerful weapon that hedge funds have against regulators like Securities and Exchange Commission Chair Gary Gensler is no longer white-shoe lawyers or silver-tongued lobbyists. It’s an address...
Minneapolis Federal Reserve President Neel Kashkari stated on Sunday that it is a "reasonable prediction" for the U.S. central bank to cut interest rates once this year, potentially in December. Speaking...
Another Federal Reserve Board meeting has left the Fed Funds rate unchanged at 5.25 to 5.50%. Due to the stickiness of inflation being higher than their 2% target, they have reduced the chances of rate...
U.S. Treasury Secretary Janet Yellen emphasized the importance of public investments to attract private capital for sustainable and inclusive growth, while criticizing China's excessive state industrial...
The Federal Reserve held interest rates steady on Wednesday, maintaining the policy rate in the 5.25%-5.50% range. This decision comes amid rising estimates for the measures needed to curb inflation, with...