Economy

Lael Brainard, vice chair of the US Federal Reserve, prior to taking the oath of office during a ceremony in...

Stocks making the biggest moves after hours: Meta, Align Technology, e.l.f Beauty and more

Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in after-hour trading.Meta — The...

Bond king Jeffrey Gundlach says he expects one more Fed rate hike

DoubleLine Capital CEO Jeffrey Gundlach said he sees one additional rate hike from the Federal Reserve before the central bank ends its...

Biden-McCarthy meeting yields no debt ceiling deal, but speaker says markets should be encouraged

U.S. House Speaker Kevin McCarthy (R-CA) talks to reporters after he met with U.S. President Joe Biden to discuss the...

Full recap of the Federal Reserve’s rate hike and Chairman Jerome Powell’s news conference

Powell's focus is the labor market, says Gary CohnFederal Reserve Chair Jerome Powell made it clear during his press conference...

Fed raises rates a quarter point, expects ‘ongoing’ increases

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it...

Stocks making the biggest moves midday: Peloton, AMD, Altria, Snap and more

A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois.Scott Olson |...

Wait until age 70 to claim Social Security: ‘The return on being patient is huge,’ says economist

Moyo Studio | E+ | Getty ImagesThe first Social Security check was issued 83 years ago. The check, for $22.54,...

‘Big Short’ investor Michael Burry tweets one word of advice for investors before big Fed meeting

"The Big Short" investor Michael Burry tweeted out a piece of investing advice consisting of just one word, a day before...

Peloton losses narrow as subscription revenue again outpaces equipment sales