auditors
Exclusive: Citi hit by new Fed rebuke, setbacks on consent orders
U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners.
borrowing costs
US weekly jobless claims fall slightly more than expected
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week.
$2
Fed says more ‘confidence’ needed on inflation front before rate cuts can start
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
Alicia Summers
Federal Reserve Holds Steady On Interest Rates Amidst Mixed Economic Signals
The Federal Reserve will maintain current interest rates, with no cuts announced despite the central bank having suggested several cuts this year.
Business
US inflation trending lower; consumer spending strong in December
U.S. prices rose marginally in December, keeping the annual increase in inflation below 3% for a third straight month.
Alphabet
Wall Street ends down as US retail sales data crimps rate cut bets
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
David Stryzewski
Unpacking The December Jobs Report: Beneath The Surface, Reasons To Question The Optimism
The monthly jobs report for December, released today, reveals that U.S. employers added 216,000 jobs last month, surpassing expectations of 170,000.
ambulatory health care services
US job growth accelerates in December; wage gains solid
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
Advancers
Wall St kicks off 2024 on a dull note as yields rise, Apple dips
U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.
Airline industry
US scrutinizing airline frequent flyer programs
The U.S. Transportation Department is scrutinizing the frequent flyer programs of major U.S. airlines for potential deceptive or unfair practices.