Inflation, robust job data divides America’s top economists
The National Association for Business Economics (NABE) released its latest economic outlook survey which showed economists are divided over a potential recession.
Iran's currency plummets to all-time low amid anti-regime protests, sanctions
Iran's currency fell to a record low against the U.S. dollar on Sunday as the country's economy struggles with the impact of internal unrest and sanctions.
More details emerge in billionaire Thomas Lee's suicide
In the wake of billionaire financier Thomas Lee being found dead on Thursday in New York, additional information has been reported.
US slaps new sanctions on Russia over Ukraine war, raises tariffs
The U.S. Treasury Department announced new sanctions against individuals and companies tied to Russia's defense sector to hobble Russia's war machine.
Yellen warns China of 'serious consequences' in helping Russia skirt US sanctions
China would face serious repercussions if helped China evade a slew of Western sanctions, Treasury Secretary Janet Yellen said ahead of a G20 meeting.
Norfolk Southern’s Ohio train cost cleanup minimal as Buttigieg tours region
U.S. Transportation Secretary Pete Buttigieg will visit East Palestine, Ohio on Thursday following the derailment and spill of hazardous materials of a Norfolk Southern (NSC) freight line.
Stablecoins attract scrutiny in SEC’s drive to control crypto
The SEC is investigating whether stablecoins, cryptocurrencies that maintain a price of $1, are among the products that were issued in violation of investor-protection laws.
Intel slashes dividend
The Intel Corp.’s board of directors announced the reduction of its quarterly dividend to $0.125 per share of the company’s common stock due to macroeconomic uncertainty.
Goldman Sachs expects 3 more Fed rate hikes this year
The latest inflation data has Goldman Sachs expecting three more interest rate hikes from the Federal Reserve of 25 basis points each this year.
Bitcoin hits six-month high
Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.
IPO drought will continue, market ‘too risky’
Initial public offerings (IPO) were down in 2022 amid inflationary pressures and economic downturn, and experts don’t predict the market to improve in 2023.
Biden to pick Federal Reserve's Lael Brainard, Jared Bernstein as top economic advisers
President Biden is appointing two top economic advisors for his administration on Tuesday amid economic uncertainty and high rates of inflation in January.
Ford cutting 3,800 European jobs in EV push
Ford will cut around 3,800 jobs in product development and administration in Europe as the U.S. automaker cuts global costs to expand more in electric vehicle market.
Inflation rose 6.4% in January
The latest read on consumer prices showed a mixed bag presenting more challenges for Federal Reserve Chair Jerome Powell as the central bank looks to combat high inflation.
Manchester United close to bid from Qatari investors: reports
Multiple reports cite Qatari investors with help from the Qatar Investment Authority are making a bid to purchase the Premier League club Manchester United.
Rioters take to streets in France over Macron's pension plan
Demonstrations broke out across France on Saturday in opposition to proposed legislation that would increase the minimum retirement age for full state pension from 62 to 64.
FBI 'very interested' in determining where Chinese spy balloon was manufactured
The Chinese surveillance balloon that transited U.S. airspace and was shot down contained Western-made parts with English writing, Fox News has confirmed, as efforts to recover debris continue.
Fed’s Williams says restrictive policy needed for a few years to bring down inflation
The New York Fed president on the central bank’s efforts to bring down inflation using interest rate hikes and scenarios where high prices could be persistent.
Federal agencies push for insider trading crackdown on their own officials
Several federal agencies are exploring ways to crack down on insider trading by their own officials, as inspectors general open investigations into bureaucrats.
Disney’s Iger to face investors as he contends with activist, ESPN's future, streaming status
The Walt Disney Co. will report its latest fiscal fourth-quarter results after the market closes Wednesday as returning CEO Bob Iger faces several issues.