Big Banks See ‘Resilient’ US Economy, Warn on Energy Prices
The nation’s biggest banks posted another quarter of strong profits, helped by a resilient economy and a flurry of dealmaking for their investment banking units.
More Fed Officials See Possible Rate Hikes This Year, Minutes Show
The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months.
JPMorgan CEO Dimon: Iran War Could Reignite Inflation
JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a “resilient” U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets.
Better Home & Finance, Coinbase to Offer Crypto-Backed Mortgages
Prospective homebuyers who have invested in certain cryptocurrencies will be able to use their holdings as collateral to fund their down payment on a home as part of a new mortgage offering.
The Supreme Court Struck Down Trump’s Tariffs. Now Comes the Hard Work of Issuing Refunds
The Supreme Court on Friday struck down President Donald Trump’s biggest and boldest tariffs. But the justices left a $133 billion question unanswered: What’s going to happen to the money the government has already collected in import taxes now declared...
Trump Changes to CFPB Cost Americans $19B, Report Says
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.
Banks Balk at Trump’s Requested 10 Percent Cap on Credit Card Rates
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 Economy and What to Watch for in 2026
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?
Most Fed Officials Back Rate Cuts. Just Not Necessarily in December
A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts.
Mixed Q3 for Home Depot Signals Housing Uncertainty
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.
‘No Hire’ Job Market Leaves Many in Limbo
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.
Banks, Retailers Run Short on Pennies as Mint Ceases Production
President Donald Trump’s decision to stop producing the penny earlier this year is starting to have real implications for the nation’s commerce.
Americans Moving at Lowest Level in Decades
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.
Regional Banks’ Bad Loans Spark Concern on Wall Street
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 Banks See Big Jump in Profits
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.
How the Fed’s Rate Cut Impacts Mortgage Rates
Hoping that mortgage rates will keep dropping following the Federal Reserve’s first rate cut since last year? Don’t bank on it.
AI Shakes Up Call Center Industry, But Some Tasks Better Left to Humans
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.
How the Fed Losing Its Independence Could Affect Your Everyday Life
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.
Fed Chair Powell Faces Fresh Threats to Independence Amid Potential Rate Cuts
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.
Thinking About a Heat Pump? What to Know Before Choosing
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.
