Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold…
Editor’s Pick
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Editor's PickStock
Silver lining for consumers: Food price growth has gone flat and other prices are falling
Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to dent consumer worries…
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At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post…
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Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of…
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Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a…
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When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades. The 4%…
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Editor's PickStock
Dow slips for first losing day in nine as consumers’ expectations for inflation rise
The Dow Jones Industrial Average slipped on Monday, snapping an eight-day winning streak, as traders grappled with rising inflation expectations ahead of key reports due…
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Inflation “was at 9 percent when I came in and it’s now down around 3 percent.” — President Biden, in an interview with…
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EconomyEditor's Pick
Trump alumni raising millions for legal defenses while scouting for White House hires
Some of former president Donald Trump’s co-defendants in a Georgia election interference case are receiving legal funding from a charity started to help…
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Rep. Don Bacon (R-Neb.) defeated a challenger from the right flank of his party in his attempt to win reelection in Nebraska’s 2nd…