Breaking News: Economy

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on Dec. 14, 2022.Liu Jie | Xinhua News Agency | Getty ImagesFederal Reserve Chairman Jerome Powell on Tuesday stressed the need for the central bank…

A "For Sale" sign in front of a home in Sacramento, California, on Monday, Dec. 5, 2022.David Paul Morris | Bloomberg | Getty ImagesLower mortgage rates are pulling some current homeowners back to the refinance market, but not enough to…

Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019.Aly Song | ReutersTesla founder and CEO Elon Musk thinks the global economic decline can last for another year and a…

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021.Paul Ellis | ReutersAmazon founder Jeff Bezos has become the latest corporate leader to warn about the state of…

Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the…

People shop at a supermarket in Montebello, California, on August 23, 2022.Frederic J. Brown | AFP | Getty ImagesLower gas prices are raising optimism that inflation is on the decline, according to a survey Monday from the New York…

A hiring sign is seen in a cafe as the U.S. Labor Department released its July employment report, in Manhattan, New York City, August 5, 2022.Andrew Kelly | ReutersCompanies sharply slowed the pace of hiring in August amid growing fears…

Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed the pace of inflation, the Bureau of Labor Statistics reported Thursday.The producer price index, which gauges the prices received for…

A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015.Gary Cameron | ReutersAmericans got considerably richer as 2021 came to a close, thanks to a nice boost from their stock…

Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts from a pandemic that has been around now for nearly a year.The Labor Department on Wednesday reported that first-time…