Connecticut Gov. Ned Lamont, hours after winning a second term, said Wednesday he is considering additional steps to help make life more affordable for residents, including extending the state’s gas tax holiday beyond its looming Dec. 1 expiration date.
Democrat Ned Lamont has won reelection as Connecticut governor, defeating Republican businessman Bob Stefanowski for the second time in four years following a campaign battle that focused on abortion access, crime and the cost of living.
In rematch of the election he won four years ago, Connecticut Gov. Ned Lamont is hoping to fend off Republican businessman Bob Stefanowski.
The solid U.S. jobs report for October underscores why the Federal Reserve needs to raise interest rates higher than it had previously forecast in order to control inflation, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Friday.
The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but hinted that it could soon reduce the size of its rate hikes.
Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates – and might they slow their rate hikes as soon as next month?
Fed officials will likely engage in a fraught debate over whether it may soon be time to slow its rate hikes, which are intended to cool the worst inflation in four decades but are also raising the risk of a recession.
The last time the average rate was above 7 percent was April 2002, a time when the U.S. was still reeling from the Sept. 11 terrorist attacks.
The Biden administration’s push to crack down on so-called junk fees that banks and other companies charge their customers is being met with withering criticism from banking groups.
The problems have hardly gone away. But for now anyway, the U.S. economy has likely returned to growth after having shrunk in each of the first two quarters of 2022 according to a major survey of economists.
Newly released tax documents show Connecticut Gov. Ned Lamont, a former cable television entrepreneur, earned more than $54 million last year, most of it from investment earnings.
The outlook for the U.S. economy from Wall Street’s biggest banks is getting gloomier, with many top executives saying they’re preparing for a potential downturn or a recession.
After breaking into the mainstream of the investment world, ESG investing has become big enough to be a political target too. In an interview, the head of US SIF, an industry group advocating sustainable investing, reflects on this evolution.
Bank of America’s profits fell by 8 percent in the third quarter as the bank set aside cash to cover potential loan losses.
Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high” inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for a third straight time and signaling more large rate hikes ahead.
What keeps driving inflation so high? The answer, it seems, is nearly everything.
Former Federal Reserve Chair Ben Bernanke and two other U.S.-based economists won the Nobel Prize in economics for research into bank failures – work that built on lessons learned in the Great Depression and helped shape America’s aggressive response to the 2007-2008 financial crisis.
The report is potentially hopeful news that may mean the Federal Reserve’s drive to cool the job market and ease inflation is starting to make progress.
Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.
Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession.
