The latest coverage of the banking and financial sectors.
Consumer prices grew at a 2.4% pace in January, falling slightly below Wall Street predictions and providing ammunition for President Trump to argue that his policies have lowered living costs for Americans.
SharesThe number of Americans applying for unemployment benefits fell last week, remaining within the historically healthy range of the past few years.
SharesA sharp drop for Google’s parent company is yanking the U.S. stock market lower on Thursday, while prices for bitcoin, silver and gold weaken. Yields are also sinking in the bond market following discouraging news on the U.S. job market.
SharesThe European Central Bank left interest rates unchanged Thursday as the economy in the 21 countries that use the euro chugs past the disruption from U.S. President Donald Trump’s tariffs with modest yet resilient growth.
SharesRent can eat up an entire paycheck at the start of the month, so a growing number of renters are turning to a financial product that promises relief by letting them split the bill - for a price.
SharesU.S. stocks are drifting in mixed trading on Wednesday, while gold’s price stabilized further and climbed back above $5,000 per ounce.
SharesFederal Reserve Governor Stephen Miran is resigning from his White House job as chair of the Council of Economic Advisers, fulfilling a pledge he made to senators to avoid the appearance of a conflict.
SharesPresident Trump said Monday the Justice Department should not drop its criminal probe into Federal Reserve Chairman Jerome Powell, even if it means a harder path to confirmation for his replacement pick, Kevin Warsh.
SharesPresident Trump on Monday lowered the tariffs he placed on goods from India after Prime Minister Narendra Modi agreed to stop buying Russian oil.
SharesThe Secret Service said Monday it launched a multi-city campaign to remove illegal “skimming” devices used to steal credit and debit card information during legitimate transactions at gas stations and shops.
SharesA Republican senator is vowing to oppose Federal Reserve nominees until a criminal inquiry into Chair Jerome H. Powell is resolved, creating an uncertain path for President Trump’s nomination of Kevin Warsh to lead the central bank.
SharesSen. Elizabeth Warren of Massachusetts is casting doubt on President Trump’s pick to lead the Federal Reserve, saying he’s destined to put fealty to the White House above the central bank’s independence.
SharesPresident Trump said Friday he is nominating Kevin Warsh as chairman of the Federal Reserve, calling him reliable and straight out of “central casting.”
SharesPresident Trump said he’s ready to announce his nominee to lead the Federal Reserve, scheduling the announcement for Friday.
SharesPresident Trump escalated his attacks on Federal Reserve Chair Jerome Powell on Thursday, dubbing the central banker a “moron” for keeping interest rates steady.
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