Fed: Stock Plunge Erases $3.73 Trillion of Household Wealth

U.S. household wealth fell 3.5 percent at the end of 2018 amid a stock market rout and global volatility that threatened to weaken a near-decade old recovery, the Federal...

Weekly Jobless Claims Fall as Productivity Improves

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labor market conditions despite signs that job growth was slowing. While other data...

Persistent Low Jobless Rate Should Help Minority Employment Catch Up: Study

Maintaining the U.S. unemployment rate at its current low level is likely to bring black and Hispanic jobless rates closer to that of whites, a team of researchers including...

BlackRock CEO Fink: Modern Monetary Theory Is ‘Garbage’

BlackRock Chief Executive Officer Larry Fink said he’s not a proponent of modern monetary theory. “That’s garbage,” Fink said in an interview with Erik Schatzker on Bloomberg Television Thursday....

Trump Predicts ‘Good Deal’ With China or Nothing at All

U.S. President Donald Trump said on Wednesday that trade talks with China were moving along well and predicted either a "good deal" or no deal between the world's two...

Federal Reserve Scraps ‘Qualitative’ Test for US Banks in 2019 Stress Tests

The U.S. Federal Reserve said on Wednesday it would no longer flunk banks based on operational or risk management lapses during its annual health check of the country's domestic...

ADP: US Businesses Added Solid 183,000 Jobs Last Month

U.S. businesses added a solid 183,000 jobs in February, a private survey found, a sign that companies continued hiring even as economic growth likely slowed. Payroll processor ADP said...

OECD Again Slashes Global Economic Growth Forecasts

The OECD cut forecasts again for the global economy in 2019 and 2020, following on from previous downgrades in November, as it warned that trade disputes and uncertainty over...

Trade Deficit Jumps to 10-Year High $621B in 2018

The U.S. goods trade deficit surged to a record high in 2018 as strong domestic demand fueled by lower taxes pulled in imports, despite the Trump administration’s “America First”...

Gallup: Trump Economic Approval Highest Yet at 56 Percent

Americans' approval of President Donald Trump's handling of the economy is at the highest point of his presidency, hitting 56% in a recent Gallup poll. Trump's rating for handling...

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