Inflation cooled in May. So why isn’t the Federal Reserve slashing interest rates yet like other wealthy countries have done?
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As the prospect of higher-for-longer continues to sink in, small businesses are beginning to feel the pinch, per Bloomberg.
Far-right gains in the European Parliament elections put investors globally in a tentative mood, though the dollar got a big boost.
Canada’s economy has been kept in check due to higher levels of household debt and shorter-term mortgages in Canada compared to the US.
It has taken a while, but recent data suggests that the Federal Reserve’s rate hikes may finally be taming inflation.
Some glum news from both the PC and semiconductor sector has tech investors feeling a little more cautious.
The Dow is lower because of a rough outlook from the business-software giant, but the broader market is hanging tough.
The drug-store chain lowered prices on more than 1,500 items including vitamins, chips, lotion, and Squishmallow plushies.
Investors are getting activated after a long weekend, but they were still able to push the tech-heavy index to a new peak.
If 3 million people pass through security checkpoints Friday, it’d mark the busiest travel day ever recorded.
But the new don’t require platforms to report how they interact with credit bureaus, keeping many transactions in a black box.
The average age of cars and light trucks reached a record high of 12.6 years in 2024, up by roughly two months from last year.
The percentage of US employees who think their financial well-being is good or excellent rose to 47%, up from 42% a year ago.
Christopher Waller said that the high interest rates may finally have the fight against inflation back on track.
The retailer will cut prices on up to 5,000 grocery items to keep pace with lower-cost rivals like Walmart.
The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.