Articles filed under Economy
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Experts, banks look for ideas to stop next bank failureMar 16, 2023 1:00 am - WASHINGTON (AP) - The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The v...
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Yellen tells Congress US banking system 'remains sound'Mar 16, 2023 1:00 am - WASHINGTON (AP) - A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the n...
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Retail sales dip 0.4% in February after buying burst in JanuaryMar 15, 2023 1:00 am - NEW YORK - America's consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. The governmen...
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U.S. wholesale inflation fell last month on lower food costsMar 15, 2023 1:00 am - WASHINGTON - Wholesale price increases in the United States slowed sharply last month as food and energy costs declined, a sign that inflationary pressures may be easing...
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U.S. inflation eases but stays high, putting Fed in tough spotMar 14, 2023 1:00 am - WASHINGTON - U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Fed...
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Applications for US jobless aid rise by most in 5 monthsMar 09, 2023 12:00 am - The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues...
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French strikers renew pressure on Macron to ax pension planMar 08, 2023 12:00 am - PARIS - Tens of thousands of people marched in Paris and other cities across the country Wednesday to denounce the government's pension plan as unfair to female workers,...
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Powell signals increased rate hikes if economy stays strongMar 07, 2023 12:00 am - WASHINGTON - The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence cont...
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The U.S. economy is sending mixed signals: Here's what it all meansMar 05, 2023 4:00 am - WASHINGTON - Maybe it was just too good to be true. For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflat...
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Europe inflation eases slightly but consumer pain persistsMar 02, 2023 12:00 am - FRANKFURT, Germany - Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the ...