Economy

Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021.Graeme Jennings | Pool | ReutersWhen the Fed emerges from…

Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesThe International Monetary Fund warned Tuesday that there's a risk inflation will prove to be more than just transitory, pushing…

Britain is easing coronavirus quarantine rules for essential workers including prison guards, veterinarians and garbage collectors in an attempt to end staff shortages that are hobbling parts of the economyBy JILL LAWLESS Associated…

Here are the most important news, trends and analysis that investors need to start their trading day:1. Wall Street dips after another day of record-high closesTraders work on the floor of the New York Stock Exchange (NYSE), July 21,…

Thomas Barrack, founder and chairman of Colony Capital LLC, listens during a Bloomberg Television interview in New York on July 18, 2016.Chris Goodney | Bloomberg | Getty ImagesWASHINGTON – Wealthy businessman Tom Barrack is facing criminal…

Cambodian authorities have stopped five large containers of water buffalo meat imported from India after determining the shipment was tainted with the coronavirusByThe Associated PressJuly 27, 2021, 9:31 AM• 2 min readShare to FacebookShare…

Bloomberg | Bloomberg | Getty ImagesTransnet, a state-owned South African rail, port and pipeline company, appears to be in crisis mode after a cyberattack hit the company five days ago.The logistics firm has been forced to halt operations…

Photo: Getty Images (Getty Images)The used car market is in one of the weirdest places it hasbeen since the end of World War II, and possibly the weirdest, with new and used inventory down and skyrocketing prices. This is a great situation…

Travelers who are on the fence about flying again may want to check out a new list of the world's best airlines.The airline safety website AirlineRatings.com published its list of "Top Airlines in the World," which traditionally ranks…

Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical "inflection point."The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see…