IE 11 is not supported. For an optimal experience visit our site on another browser.

More stories

8d ago

Lawmakers release text of $1.2 trillion spending bill as shutdown deadline nears

The bill includes new spending for the Department of Homeland Security, which was the most contentious part of the negotiations. Congress has until Friday night to pass it.
President Joe Biden shakes hands with House Speaker Mike Johnson during the State of the Union address at the Capitol on March 7, 2024.
President Joe Biden shakes hands with House Speaker Mike Johnson during the State of the Union address at the Capitol on March 7, 2024.
8d ago

In swing state Arizona, an $8.5 billion CHIPS grant spells 'jobs' more than geopolitics

A big federal grant to Intel aims to boost the U.S. semiconductor industry, but Phoenix-area residents are more excited about the local economic impact.
U.S. President Joe Biden visits the Intel Ocotillo Campus, in Chandler
U.S. President Joe Biden visits the Intel Ocotillo Campus, in Chandler
9d ago

Federal Reserve holds key interest rate at more than 5% as inflation battle drags on

The pace of price increases on an annual basis as measured by the Consumer Price Index has stalled at a little more than 3% for the past nine months.
Jerome Powell during a press conference at the Federal Reserve in Washington
Jerome Powell during a press conference at the Federal Reserve in Washington
12d ago

Inflation seems stubborn, but people keep spending. What's going on?

Consumer sentiment has plateaued and pump prices are inching higher, but economists and Wall Street remain broadly optimistic. Here’s why.
A shopper pushes a cart in the produce section of Reading Terminal Market.
A shopper pushes a cart in the produce section of Reading Terminal Market.
14d ago

El Salvador's Bukele to transfer 'big chunk' of Bitcoin assets to a physical vault

El Salvador became the first country in the world to establish bitcoin as legal tender, earning it harsh criticism.
A woman sells fruit in a market during a Bitcoin summit, in Chiltiupan, El Salvador
A woman sells fruit in a market during a Bitcoin summit, in Chiltiupan, El Salvador
15d ago

Wholesale inflation rose 0.6% in February, much more than expected

On a year-over-year basis, the headline index increased 1.6%, the biggest move since September.
An employee operates a forklift inside a flatbed distribution center in Stonecrest, Ga
An employee operates a forklift inside a flatbed distribution center in Stonecrest, Ga
16d ago

Laid-off tech workers turn to LinkedIn, therapy and one another to bounce back

Tens of thousands are adapting to losing what some saw as “the most stable career you could have.” A support group for ex-Googlers told members, “This was not your fault.”
Cut out shot of businesswoman holding a box with office supplies
Cut out shot of businesswoman holding a box with office supplies
17d ago

After 8 consecutive months of 3% inflation, the Fed's 2% goal remains elusive

The 12-month inflation rate has been stuck between 3% and 4% since June, hovering just above the Federal Reserve's official 2% target.
NYC Shoppers Ahead of Retail Sales Figures
NYC Shoppers Ahead of Retail Sales Figures
21d ago

U.S. added 275,000 jobs in February, more than expected — but unemployment rate climbs

The rate of workers quitting or being laid off has stalled. But hiring rates haven't fallen as much as expected in February.
Commuters at the Times Square subway station in New York in January.
Commuters at the Times Square subway station in New York in January.
23d ago

Interest rates will likely start coming down this year — but not clear when, Fed Chair says

Federal Reserve policymakers remain attentive to the risks inflation poses and don’t want to ease up too quickly, the Fed chair said.
Jerome Powell during a press conference at the Federal Reserve in Washington
Jerome Powell during a press conference at the Federal Reserve in Washington
24d ago

Live updates: National People’s Congress convenes as China reckons with major economic setbacks

The annual meeting of China’s rubber-stamp parliament is the country’s biggest political event of the year.
National People's Congress in Beijing
National People's Congress in Beijing