Why now is a crucial time to pay off your credit card debt
NEW YORK (AP) — For Americans who lacked savings prior to the pandemic, financial stress is rising. A combination of inflation, increased interest rates, and...
Credit card debt: Renters and poor people are falling behind
NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card...
Biden promises response after 3 US troops killed in Jordan
COLUMBIA, S.C. (AP) — President Joe Biden said Sunday that the U.S. “shall respond” after three American troops were killed and dozens more were injured...
Dow Jones ends 475 points lower after 9-day winning streak
U.S. stocks ended sharply lower after a strong year-end rally lost momentum on Wednesday, putting an end to a string of record finishes for the...
U.S. fiscal deficit a ‘more serious problem than ever before,’ says Larry Summers
Former Treasury Secretary Larry Summers believes that the current federal budget deficit poses a greater challenge for the economy than it has before in U.S....
UAW strike: 13,000 auto workers walk off
DETROIT (AP) — Nearly one in 10 of America’s unionized auto workers went on strike Friday to pressure Detroit’s three automakers into raising wages in...
Global inflation pressures could become harder to manage in coming years, research suggests
JACKSON HOLE, Wyoming (AP) — Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends...
U.S. leading index falls for 15th month in a row — and still no recession
The numbers: The leading economic index dropped 0.7% in June, falling for the 15th month in a row, a recession signal if there ever was one....
Why Washington and Wall Street are worried about the ‘de-dollarization’ threat
A “de-dollarization” mania is gripping Washington and Wall Street. Wall Street analysts, corporations, policy wonks and others are trying to ascertain whether there is any...
Big question with dollar under fire from rival countries and currencies: What happens to markets if the greenback loses its dominance?
The International Monetary Fund, not the Bank for International Settlements, added China’s yuan to its Special Drawing Rights basket. This story has been corrected. Probably...