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Investing
US consumers are done splurging, Fed report suggests
After a summer of robust consumer spending, America’s bars, hotels and restaurants say the era of post-pandemic splurging by US consumers has…
Chicago Fed’s Goolsbee suggests central bank is almost done raising rates
Chicago Fed President Austan Goolsbee on Thursday suggested the Fed is almost done raising interest rates. “We are very rapidly approaching the time when our…
Ryanair CEO pied in the face by climate activists in Brussels
The CEO of Ryanair, Michael O’Leary, was pied in the face during a Thursday visit to Brussels in a stunt by climate activists.…
Fed’s Logan says skipping rate hike in September does not imply stopping
Dallas Fed President Lorie Logan on Thursday said that if the Fed skips a rate hike at its meeting in two weeks, it doesn’t imply they will stop hiking for…
Pinterest is embracing body inclusivity in its search results
Pinterest on Thursday said it has harnessed AI to develop technology that would deliver greater representation of diverse body types in its…
U.S. economy seen growing at about a 2.2% annual rate in the July-September quarter, according to real-time New York Fed…
The U.S. economy could expand at about a 2.2% annual rate in the current quarter, according to a revamped real-time estimate from the New York Federal…
Why Biden’s ban on drilling in the Alaska National Wildlife Refuge likely won’t affect gas prices
There are many reasons why gas prices could shoot up in the near future, but the Biden administration’s ban on oil drilling on millions of…
Why U.S. dollar is at no ‘meaningful risk’ of losing status as the world’s reserve currency, despite challenges from…
The U.S. dollar isn’t about to lose its global leadership position despite challenges such as China’s increasing importance to the world economy, according…
Google’s antitrust showdown: What’s at stake for the internet search titan
Google will face off in court Tuesday against government officials who have accused the company of antitrust violations in its massive search…
U.S. consumer credit growth slows in July
The numbers: Total consumer credit rose $10.4 billion in July, down from a revised $14 billion gain in the prior month, the Federal Reserve said Friday. That…