Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies
The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst...
Inflation is the ‘top problem’ facing America, survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President...
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Jerome Powell, chairman of the U.S. Federal Reserve, arrives for a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 15, 2021. Al Drago...
Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images...
Bernanke says the Fed’s slow response to inflation ‘was a mistake’
Former Federal Reserve Chair Ben Bernanke said the central bank erred in waiting to address an inflation problem that has turned into the worst episode...
Biden is “powerless” over inflation, blames Putin, COVID and GOP
President Biden is blaming three culprits when it comes to controlling inflation: Vladimir Putin, the pandemic and congressional Republicans. The problem is: He doesn’t control...
Federal Reserve Chairman Jerome Powell confirmed by Senate for a second term
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell...
Tech giants lost over $1 trillion in value in last three trading days
The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the...
Dow falls more than 600 points, S&P 500 tumbles below 4,000 to the lowest level in a year
Stocks fell sharply Monday, pushing the S&P 500 to breach the 4,000 level for the first time in more than a year as the market...
Mortgage Rates Hit 5.27%, Highest Level Since 2009
From January to April, mortgage rates rose at their fastest three-month pace since 1994. Photo: tannen maury/Shutterstock The steady climb in mortgage rates shows no...