Finance
Finance & Economy
Economic policy, federal spending, Wall Street, trade wars, and the financial forces driving political decisions.
Finance
Wholesale inflation leaps 1.3% in September, fastest monthly climb since early 2022
Producer prices jumped 1.3% in September, the largest monthly gain since March 2022, as energy costs soared amid Middle
Finance
September CPI Shows Inflation Tick Up to 3.7% on Fuel Costs
Consumer prices rose 0.6% in September, pushing annual inflation to 3.7% as gas costs surged. The increase complicates t
Breaking
Treasury Hits Bank of America With $1.2B Penalty Over AML, Sanctions Failures
The Treasury Department fined Bank of America over $1.2 billion for anti-money laundering and sanctions violations, citi
Finance
FTC Distributes $15.8M to Cleo Users Over Deceptive Cash Advance Claims
The Federal Trade Commission is distributing $15.8 million to users of the Cleo cash advance app after alleging deceptiv
Finance
White House Dinner Signals High-Stakes AI Gamble as Debt Soars
Trump dined alone with Anthropic's CEO, underscoring the administration's reliance on AI to outpace a $40 trillion natio
Finance
AI Infrastructure Boom Drives Record Capital Spending and Bond Yields
AI infrastructure spending by top tech firms is fueling U.S. growth but straining capital markets, with bond yields at t
Finance
AI Infrastructure Boom Drives Yields and Economic Growth
Hyper-scaler AI investment tops $800B, lifting growth but straining bond markets as yields hit 20-year highs, prompting
Breaking
Mortgage rates climb to 7.4%, highest since late 2023, as Iran conflict roils markets
The average 30-year mortgage rate reached 7.4% this week, the highest since November 2023, as rising oil prices and the
Finance
AT&T Data Breach Settlement Payouts Near, Millions Eligible
AT&T customers affected by data breaches in 2019 and 2022 could soon get settlement checks. The $177 million fund covers
Finance
Euro Hits 17-Month Low as European Debt Pressures Mount
The euro fell to a 17-month low on Monday, trading near $1.12, as mounting European debt and energy costs weakened the c
Finance
AI infrastructure boom may trigger systemic financial crisis
Massive capital spending on AI infrastructure poses systemic economic risks. If projected productivity gains fail, finan
Finance
Amazon to Pay $309M to Settle Claims Over Unrefunded Returns
Amazon will pay $309 million to settle claims it wrongly denied refunds for product returns. Eligible customers may rece