Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

WASHINGTON — Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now,…

What is ‘price gouging’ and why is VP Harris proposing to ban it?

With inflation and high grocery prices still frustrating many voters, Vice President Kamala Harris on Friday…

Stock market today: Wall Street closes its best week of the year with some more gains

NEW YORK — Wall Street coasted to the close of its best week since November, as…

US consumer sentiment rises slightly on optimism over Harris’ presidential prospects

WASHINGTON — A surge in optimism by Democrats over the prospects of Vice President Kamala Harris…

Harris zeroes in on high food prices as inflation plays a big role in the presidential race

WASHINGTON — Vice President Kamala Harris is zeroing in on high food prices as her campaign…

Average rate on a 30-year mortgage ticks up to 6.49%

The average rate on a 30-year mortgage edged higher this week, holding close to its lowest…

US shoppers sharply boosted spending at retailers in July despite higher prices

WASHINGTON — Americans stepped up their spending at retailers last month by the most in a…

Walmart grows more optimistic about 2024 as bargains prove a powerful lure for the inflation weary

NEW YORK — Walmart had another quarter of strong sales that topped almost all expectations with…

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

WASHINGTON — The number of Americans applying for unemployment benefits fell last week, another sign that…

Global shares trade mostly rise as Japan and other markets calm from last week’s crazy swings

TOKYO — Global shares traded mostly higher Tuesday, as the Tokyo benchmark bounced back and calmed…