Central bank interest-rate increases have a substantial impact on innovation, which in turn can affect the productive capacity of an economy, according to a paper presented Friday at the Federal Reserve’s annual economic policy symposium.
Wellfleet, Massachusetts, the affluent outer Cape Cod beach town that in April lost its AAA credit rating because the high cost of living led to turnover in its financial staff, is tapping the municipal market next week to help finance affordable housing.
US consumers’ year-ahead inflation expectations picked up in August to a three-month high as gasoline prices increased, weighing on sentiment.
Here are key takeaways from Federal Reserve Chair Jerome Powell’s remarks prepared for the Kansas City Fed’s economic symposium on Friday:
The following is a reformatted version of prepared remarks titled “Inflation: Progress and the Path Ahead” that Federal Reserve Chair Jerome Powell is delivering Friday at Jackson Hole:
Wells Fargo & Co. has agreed to pay a $35 million penalty to settle allegations that it overcharged more than 10,900 investment advisory accounts, the Securities and Exchange Commission said.
If you visit the beach near Miami this winter, you may witness technology designed to shake up both the aviation and advertising industries: a drone towing a large banner through the sky.
Boasting a higher market capitalization than General Motors Co. and Ford Motor Co. put together, loss-making VinFast Auto Ltd. raises a familiar question for EV investors: how long can it hold its stellar gains.
Hawaiian Electric Industries Inc. slumped to the lowest since 1984 after the company said it will draw down on credit lines and suspend its dividend to preserve cash in the wake of deadly wildfires on Maui.
South Africa’s biggest energy users have opposed an application by state-owned Eskom Holdings SOC Ltd. to claw back costs because the overruns were caused by factors within its own control.
