Economy

Federal Reserve Chair Jerome Powell said Thursday that inflation remains "too high" and that slower economic growth may be required for prices to cool.

It's turning out to be the worst year for home sales since the housing bubble burst in 2008, according to a new report by real estate brokerage Redfin.

Credit card delinquency rates and balances increased in Q2 2023 amid a high interest-rate environment. But there are many ways to pay off debt quickly.

The rate on the popular 30-year fixed mortgage climbed again this week to 7.63% from 7.57% a week ago, mortgage lender Freddie Mac reported on Thursday.

Climate protesters interrupted a speech by Federal Reserve Chairman Jerome Powell on Thursday, causing the central bank chief to be escorted off the stage.

American CEOs are condemning the attacks by Hamas on Israel, confirming their employees are safe and offering to assist with relief efforts.

The sale of previously owned homes fell again in September as high mortgage rates and a worsening supply shortage left would-be buyers with few options.

Rolls-Royce is reducing its global staff by 2,000 to 2,500 employees to create a more agile business, the company, which employs 6,000 Americans, said Tuesday.

Federal Reserve Chairman Jerome Powell is delivering a speech on Thursday that will provide clues about where the central bank sees policy headed next.

Rite Aid is shuttering over 150 stores as it seeks to restructure its business following years of legal issues tied to the opioid crisis and sagging sales.

With lending conditions "tight" and consumer temperature on inflation concerns still hot, Bank of America Chairman and CEO Brian Moynihan reveals timing of an economic slowdown.

Economic activity in the United States was little changed over the last month and a half, according to a Federal Reserve report published on Wednesday.

Making it easier for Americans to figure out how much they owe for hospital care could drive down costs and reduce health care spending by $1 trillion.