Finance
Finance & Economy
Economic policy, federal spending, Wall Street, trade wars, and the financial forces driving political decisions.
Finance
Fed's Key Inflation Measure Stays at 3.7% in July, Signaling Sticky Prices
The Fed's preferred inflation measure remained at 3.7% in July, matching June's pace, with core at 3.3%, as policymakers
Breaking
Bessent's Bond Buyback Fails to Calm Markets as 30-Year Yield Surges
Treasury Secretary Bessent's bond buyback failed to stem a surge in 30-year yields, which hit a 19-year high amid record
Finance
Treasury doubles bond buyback as 30-year yield hits 19-year high
With 30-year yields at their highest since 2007, the Treasury doubles its bond buyback cap to $4B, a move critics call a
Finance
State Farm Auto Policyholders to Receive Record $5B in Dividends
State Farm is sending a record $5 billion in dividends to eligible auto policyholders, with payments starting at $10 and
Finance
Gen Z's Crypto Faith Contrasts with Boomer Banking Loyalty
A new survey shows Gen Z and millennials are far more confident in crypto than older generations, with Gen Z also starti
Finance
Powerball's $1B jackpot shrinks to under $600M in 31 states after taxes
Powerball's $1 billion jackpot, the eighth largest ever, would shrink to under $600 million after taxes in 31 states. Wi
Finance
Powerball Hits $1B: Annuity vs. Cash Lump Sum Explained
Powerball's jackpot has hit $1 billion. Winners must choose between an annuity paid over 30 years or a cash lump sum. He
Finance
Gallup: 73% of Americans Distrust AI for Financial Guidance
Only 27% of Americans trust AI for financial guidance, according to a new Edward Jones-Gallup poll, placing it just abov
Finance
Hyperscalers' Debt Surge Raises Credit Risk as AI Spending Soars
Hyperscalers like Google, Meta, Microsoft, and Amazon are taking on massive debt for AI infrastructure, with bond issuan
Finance
Warsh Faces Crucial Test: Can He Deliver on Fed's Inflation Vow?
New Fed Chair Kevin Warsh has declared zero tolerance for persistently high inflation. The real question is whether he w
Finance
Wall Street Plunges as Fed Holds Rates, Inflation Stays Stubborn
Stocks tumbled Wednesday after the Fed held rates steady, with the Dow suffering its worst day since April 2025. Chair W
Finance
Warsh to Address Nation as Fed Holds Rates Amid Iran War Energy Jitters
Fed Chair Kevin Warsh speaks Wednesday after the central bank held rates at 3.5%-3.75%, the fifth hold amid Iran war ene