The Latest Breaking News from Economy

Federal awards to states for expanding broadband access are out, and U.S. senators are rushing to brag about the money their states will receive, including those like Texas Republican John Cornyn and others who opposed the bipartisan infrastructure bill that contained the funding they’re now lauding.

The U.S. Supreme Court’s ruling throwing out President Joe Biden’s student loan relief plan will likely further dent consumer spending at a time when the main engine of the economy is already stalling.

Economists and experts have identified groups at higher risk of serious financial stress and pain as interest rate hikes battle stubborn inflation.

Businesses across the city centre are calling for the service to return

China's post-COVID boom has fizzled this year, new data shows. Nomura Research Institute's chief economist warns it's just the beginning of the pain unless the government steps in.

August WTI crude oil (CLQ23 ) is up +0.64 (+0.92%), and Aug RBOB gasoline (RBQ23 ) is up +0.0116 (+0.46%). Crude oil prices are seeing support from today's rally in stocks, which supports the outlook for the economy and energy demand. Crude oil is getting a boost today from the...

The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum.

Drive along the 240-mile stretch of the Atlantic coast from Charleston, South Carolina, through the grassy marsh land of southern Georgia and down into northern Florida, and you’ll see one of the most profound economic shifts in the U.S. today.

The Chinese economy hasn't gained any meaningful momentum since its reopening in late 2022

BEIJING: China is sitting on a $6 trillion pile of money, half of which is “hidden,” and that presents a new kind of risk to the global economy, according to Brad Setser.

The average cost of a London house is £517,000, down over 4% in June