New Chicago Fed index sees more moderate gain in January retail sales
The index estimates that retail sales excluding motor vehicles and parts will rise 0.2%, in line with the median forecast in a Bloomberg survey.
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Fed officials eye ‘broadening’ disinflation as new rate-cut test
Some Fed officials indicated they not only want the decline in inflation to continue but also to broaden to housing and other services.
Morgan Stanley says firms are focused on costs like never before
The rising focus on cost control comes as firms position to protect margins amid hopes for a soft economic landing.
Pentagon chief Lloyd Austin admitted to critical care unit in hospital
US Defense Secretary Lloyd Austin was admitted into critical care late Sunday with an apparent bladder issue, after being hospitalized for the second time in a month.
US imposes drone sanctions in fresh bid to squeeze Iran
(Bloomberg) -- The US imposed a raft of sanctions targeting Iran’s ballistic-missile and drone programs as well as its ability to wage cyber warfare against the US.
US targets banks’ billions of dollars in overdraft fees
A top US consumer watchdog is preparing to make it much harder for banks to charge clients overdraft fees — setting up a clash with financial firms over billions of...
CVS, Walgreens pharmacists plan to walk out over work conditions
After brain surgery to remove a tumor, Robert Senter must take daily medication to prevent violent seizures. But it's often hard to get his refills on time at the CVS...
Only richest 20% of Americans still have excess pandemic savings
Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to...
Trillion-dollar industry powering Chicago is at risk of leaving
The letters are stamped all over the hallways of Chicago's giant skyscrapers and grand office buildings. DRW, IMC, CME, Cboe. These are some of the derivatives firms that collectively handle...
Student loan payments restart will dent US housing market, survey finds
The resumption of U.S. student-loan payments in the coming weeks will deal a significant and lasting blow to the housing market, according to a new survey of real estate professionals....