Fed’s aggressive rate hikes raise likelihood of a recession
WASHINGTON — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying…
WASHINGTON — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying…
Severe weather has forced Abbott Nutrition to pause production at a Michigan baby formula factory that had just restarted after being closed for several months….
NEW YORK — Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by debt load, disruptions to its supply…
LONDON — The Bank of England raised interest rates by a quarter-percentage point today, shrugging off pressure for a bolder move to combat price increases…
ST. PETERSBURG, Russia — The head of the Russian Central Bank warned today that the country’s economy faces pressure from abroad that could persist indefinitely,…
WASHINGTON — The Federal Reserve today intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point —…
DETROIT (AP) — Automakers reported nearly 400 crashes over a 10-month period involving vehicles with partially automated driver-assist systems, including 273 with Teslas, according to…
The European Central Bank vowed today to create an unspecified market backstop that could be used to buffer some countries against bond market turmoil similar…
NEW YORK — Americans cut their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is…
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of…