One year after the Trump administration took control of the Consumer Financial Protection Bureau, the consumer watchdog has largely retreated from enforcement and regulatory work, changes that consumer advocates and Democrats now estimate have cost Americans at least $19 billion in financial relief.
President Donald Trump wants a one-year, 10 percent cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from industry.
Last year’s odd outcomes raise a host of questions for the upcoming year: Will a growing economy eventually boost the sluggish job market? Or are last year’s weak job gains a sign of a stumbling economy that could get worse?
A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts.
Home Depot’s third-quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers and a housing market that is in a deep funk.
While big corporate layoff announcements typically grab the most attention, it has been the unwillingness of many companies to add workers that has created a more painful job market than data would suggest.
President Donald Trump’s decision to stop producing the penny earlier this year is starting to have real implications for the nation’s commerce.
The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn’t been this low in nearly 30 years.
Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks.
Wall Street had one of its most profitable quarters ever, if the earnings from four of nation’s biggest banks that reported Tuesday are to be believed.
Hoping that mortgage rates will keep dropping following the Federal Reserve’s first rate cut since last year? Don’t bank on it.
Some jobs have been lost and there have been dire forecasts about the future job market for these individuals, ranging from modest single-percentage point losses, to as many as half of all call center jobs going away in the next decade.
President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades.
Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands.
Federal incentives for home energy improvements are running out at the end of the year, so it’s decision time for anyone who has been thinking about a heat pump.
One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyoming next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring?
An executive order signed Thursday by President Donald Trump could give real estate projects, private equity and cryptocurrency firms long-sought access to a pool of funds worth trillions.
A group led by Celtics minority owner Steve Pagliuca has reached a deal to buy the Connecticut Sun for a record $325 million and move the team to Boston, according to a person familiar with the sale.
The financial industry faces a “significant impending fraud crisis” because of the technology’s ability to bypass security checks and move money, Sam Altman said.
New research identifies a trend that helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs.
