U.S. Economy and Business News

The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios — and the largest U.S. lenders stood tall.

Corporate executives complain about some of President Biden’s policies, along with his rhetoric. But so far they have not abandoned him en masse.

Home building in May fell to its slowest pace in four years despite a supply shortage. That trend could put even greater strain on buyers.

Home prices have held up better than expected amid high interest rates. But that doesn’t mean the housing market is healthy.

Artificial intelligence tools like ChatGPT are finding widest use at big companies, but there is wide expectation that the impact will spread.

Markets appear to be dismissing the central bank’s more pessimistic take on inflation, as the S&P 500 nears a new high.

The Federal Reserve is expected to leave rates unchanged on Wednesday. But Wall Street is focused on what comes next.

Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.

Housing costs were up 5.4 percent in May from a year earlier, the smallest increase in more than two years. But monthly progress has slowed.

The chances of at least one pre-election cut appeared to be helped by a new inflation report.