The rising price of paying the national debt is a risk for Trump’s promises on growth and inflation
WASHINGTON -- WASHINGTON (AP) — Donald Trump has big plans for the economy — and a big debt problem that...
Inflation
What to know about Scott Bessent, Trump’s pick for treasury secretary
WASHINGTON -- WASHINGTON (AP) — President-elect Donald Trump has chosen money manager Scott Bessent, an advocate for deficit reduction and...
Next week: Bath & Body Works, consumer confidence, Fed meeting minutes
A look at some of the key business events and economic indicators upcoming next week.Retailer Bath & Body Works offers...
Target struggles in the third quarter despite price cuts
NEW YORK -- Target etched out a slim sales increase in the third quarter and profits slumped as inflation-weary customers...
Higher energy bills push UK inflation to 6-month high in October
LONDON -- Inflation in the U.K. rose sharply to a six-month high in October and back above the rate targeted...
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
WASHINGTON -- Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and...
Amazon launches an online discount storefront to better compete with Shein and Temu
Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20, an effort to...
Text of the policy statement the Federal Reserve released Thursday
WASHINGTON -- Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended:Recent indicators suggest that...
Federal Reserve is set to cut interest rates again as post-election uncertainty grows
WASHINGTON -- Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding...
Stock Market Today: Asian shares bounce after Trump’s victory as focus turns to the Fed
Shares recovered from early losses in Asia on Thursday after U.S. stocks stormed to records as investors wagered on what...
