Economy

U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters President Donald Trump again switched positions on the Federal Reserve, indicating in a social media post Wednesday that interest rates need to come down. “Interest Rates should be lowered, something which […]

President Donald Trump speaks to the media while flanked by Senate Majority Leader Mitch McConnell after arriving at a Senate Republican weekly policy luncheon at the U.S. Capitol on March 26, 2019. Mark Wilson | Getty Images Republican Sen. Mitch McConnell is speaking out against President Donald Trump’s sweeping tariff plans, warning that starting trade […]

A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. RUVIC DATE | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new productsincluding its breakthrough Alzheimer’s treatment This is thesaw growth. But the biotech company’s […]

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024 […]

A person shops at a Whole Foods Market grocery store in New York City on Dec. 17, 2024. Spencer Platt | Getty Images Inflation jumped in January on the back of higher prices for consumer staples like groceries and energy. Economists worry inflation has become entrenched above the Federal Reserve’s target, even as President Donald […]

When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to sign up. The app made saving money fun and easy, and Craft, a now 25-year-old FedEx driver from Mishawaka, Indiana, was busy getting her financial life in order and planning a wedding. Craft […]

Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on Jan. 28, 2025. Firdous Nazir | Nurphoto | Getty Images Coca-cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of tariffs, CEO James Quincey said Tuesday. “As it relates to our […]

Former Office of Management and Budget (OMB) Director Russell Vought takes his seat as he arrives to testify before a US Senate Homeland Security and Governmental Affairs Committee hearing on his second nomination to be OMB director, on Capitol Hill in Washington, DC, on Jan. 15, 2025. Jemal Countess | AFP | Getty Images Two […]

Shopify has taken down a site advertised by rapper Ye, formerly known as Kanye West, that sold swastika t-shirts. The rapper ran an advertisement on Sunday during the Super Bowl that directed viewers to visit Yeezy.com, where it promoted a single product — a $20 t-shirt with a black swastika. The site was online until […]

Eric Trump during an interview with the PA news agency at Trump International Golf Links near Balmedie, Aberdeenshire. Jane Barlow – Pa Images | Pa Images | Getty Images Dominated Holdings shares shot up Tuesday after the holding company announced that President Donald Trump’s sons — Donald Trump Jr. and Eric Trump — have joined […]