Despite new data this week showing inflation has cooled, Powell and the Federal Reserve are still expected to hold off on rate cuts.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The surprising news comes just ahead of an all-important jobs report from the Labor Department due out Friday.
Brands that cater to the uber wealthy saw a dip in sales for the first quarter of 2025, continuing a slowdown that started last year.
The Fed was already walking a tightrope over a bottomless pit of stagflation before waves of tariffs came to rattle the line.
After the auction, the yield on the 20-year note rose to 5.125%, the highest level since back in November 2023.
Soft US inflation numbers released last week and a de-escalation of global trade tensions are likely contributing to bitcoin’s rebound.
Klarna’s 100 million-user win sounds nice, but its users are increasingly struggling with the “pay later” part of the arrangement.
A handful of retail executives hinted this week that they are eyeing some strategic advantages and opportunities amid the trade war.
The Budget Lab projects that, with the current tariff levels, US and Chinese economies would both be 0.6% smaller in the long run.
That’s right: CPI fell 0.1% in March, according to the US Labor Department, marking the first month-over-month decline since May 2020.
Jamie Dimon warned inflation is likely going up and Larry Fink said the economy might already be in recession.
In times of economic uncertainty — such as high inflation or fears of a recession — some investors follow a literal golden rule: buy it.
The $1.1 billion acquisition comes just as egg prices are ever so slightly starting to trend down in the US.
US energy executives have a lot on their plate at the moment, with tariffs, sanctions, war, and a “drill, baby, drill” agenda.
As Kenny Rogers sang, gamblers have to know when to hold them. When it comes to interest rates, so, too, do central banks.
Policy uncertainty, particularly around how tariffs will ripple through the economy, continued to stoke recession fears last week.