Almost 40% of Americans plan to spend less this holiday season as the Covid…
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020.Mark Makela |…
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Economy
Wells Fargo CEO Scharf sees swift recovery for US economy in 2021 as vaccines are…
Charles ScharfQilai Shen | Bloomberg | Getty ImagesWells Fargo CEO Charlie Scharf said Tuesday that the U.S.…
Homeowners are $1 trillion richer thanks to the pandemic-driven housing boom
American homeowners are $1 trillion richer as the pandemic-driven housing boom pads their pockets.As prices rise,…
Jobless claims rise more than expected after break from holiday
The pace of weekly jobless claims jumped last week after filings caught up with a decline due in part to the…
Even with a Covid vaccine, U.S. economy will likely get worse before it gets…
We still haven't seen "the storm before the calm."So says Alejandra Grindal, senior international economist at Ned…
Economic growth will be better than expected thanks to the resilient services…
Teresa Nguyen, a respiratory therapist, goes over a patient’s charts inside a room for people with the coronavirus…
Mortgage rates set 14th record low of the year, driving even more refinance demand
Mortgage rates fell again, falling to a record low for the 14th time this year, defying their usual correlation to…
Borrowers looking to use Fed’s Main Street lending program run into dead end
Treasury Secretary Steven Mnuchin listens to a question during a House Financial Services Committee hearing on…
Hiring falls off in November to slowest rate since July
Private payrolls grew at their slowest pace since July amid a deceleration in large business hiring for November,…
Kaplan says he’s not in favor of Fed increasing bond purchases
Dallas Federal Reserve President Robert Kaplan said he wouldn't be in favor of changing the central bank's…