Personal income leaps 10% in January thanks to stimulus, but inflation still in check

A fresh round of government stimulus checks sent personal income up to its biggest monthly gain…

Jobless claims show sharp drop last week, labor market remains challenged

Jobless claims fell sharply last week despite brutal winter storms that swept across Texas and other…

The Fed’s system that allows banks to send money back and forth is down

The Federal Reserve’s system that allows financial institutions to send money back and forth electronically went…

Fed Chair Powell testifies before House panel

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Powell says inflation is still ‘soft’ and the Fed is committed to current policy stance

US Federal Reserve Bank Chairman Jerome Powell speaks at a press conference in Washington, DC, on…

Fed’s Williams say high market prices justified by economic growth and low rates

New York Federal Reserve President John Williams said Friday that high prices for stocks and other…

U.S. Jobless claims report shows unexpected move higher

First-time filings for unemployment insurance jumped last week in a sign of continuing strife for the…

Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough

Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get…

Fed officials see economy ‘far from’ where it needs to be, meaning easy policy won’t change soon, minutes show

Federal Open Market Committee members at their most recent gathering reaffirmed that the central bank will…

Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans

People count money at Macy’s Herald Square store in New York. Andrew Kelly | Reuters Total…

U.S. retail sales January 2021

Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up…

Energy prices climb again as deep freeze holds grip on the South

People shop in Fiesta supermarket on February 16, 2021 in Houston, Texas. Winter storm Uri has…

Fed’s Bullard doesn’t see asset bubble and doubts policy will tighten soon

St. Louis Federal Reserve president James Bullard said Tuesday that he doesn’t see a bubble in…

Deficit projected at $2.3 trillion for 2021, without new stimulus: CBO

The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a…

Fed’s Harker says inflation won’t be posing a threat anytime soon

Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry…

Angry customers show up at Robinhood’s headquarters in the wake of GameStop chaos

A protester against Robnhood and it’s CEO holds signs in San Francisco. Lupe Mejia | CNBC…

Jobless claims worse than expected as pandemic-related filings surge

First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief…

Watch Fed Chair Jerome Powell speak live to the Economic Club of New York

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‘Patiently accommodative’ because of bleak jobs picture

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act…

Job openings increased toward the end of 2020, but a big employment gap remains

A hiring sign is posted i front of a Target store on February 05, 2021 in…

Activision, Snap, Ford & more

Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the…

FTC sees surge in Robinhood complaints as clients claim they can’t leave the app

The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via…

Jobs report January 2021: Unemployment rate falls

Job growth returned to the U.S. in January, with nonfarm payrolls increasing by 49,000 while the…

Fed’s Mester doesn’t see policy changes coming from GameStop saga

Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading…

Jobless claims better than expected last week and lowest in two months

Weekly jobless claims came in a bit less than expected last week though U.S. employment gains…

Why investors were willing to write Robinhood a $3 billion check during the GameStop chaos

Vlad Tenev, co-founder and co-CEO of investing app Robinhood. Brendan McDermid | Reuters Robinhood’s ability to…

Ant Group Rises From The Ashes

HANGZHOU, CHINA – NOVEMBER 05 2020: A view of the signage of Ant Group in the…

Vaxart shares plunge on weak antibody response to oral vaccine

An experimental coronavirus vaccine taken by mouth showed promising results in an early-stage clinical trial of…

Investing app Stash raises $125 million as it looks to add new customers — just not day traders

Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a…

Private companies added 174,000 jobs in January, vs 50,000 estimate, ADP says

Commuters arrive at Grand Central Station with Metro-North during morning rush hour on June 8, 2020…