American Express CEO says spending is strong, delinquencies are down from 2019
Stephen Squeri, chair and CEO of American Express, speaks during an Economic Club of New York event in New York on…
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Economy
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Raphael Bostic at Jackson Hole, WyomingDavid A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic…
Retail sales rose 0.6% in December, topping expectations for holiday shopping
Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a…
Corporate debt defaults soared 80% in 2023 and could be high again this year,…
Javier Ghersi | Moment | Getty ImagesCorporate debt defaults soared last year and could be a problem again in 2024…
Germany skirts recession at the end of 2023 but faces prolonged slump
German Chancellor, Olaf Scholz arrives for the weekly federal government cabinet meeting on Oct. 11, 2023 in…
Consumer prices rose 0.3% in December, higher than expected, pushing the annual…
Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a…
Shipping boss says ongoing Red Sea disruption could have ‘significant…
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the…
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department…
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White…
Thursday’s inflation report could challenge the market outlook for big Fed…
Consumers shop at a retail chain store in Rosemead, California, on Dec. 12, 2023.Frederic J. Brown | AFP | Getty…