The Federal Reserve said income inequality fell over the last three years for most Americans, but the change did little to narrow persistent wealth disparities.
University of Michigan Surveys of Consumers Director Joanne Hsu says US consumers have been "loud and clear" about their struggles with higher prices and their outlook for the economy has declined since the beginning of the year. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
The Canadian dollar sank to its weakest level since April 2025 after a softer-than-expected reading of the nation’s labor market reduced the odds of an interest-rate increase by the Bank of Canada.
Exclusive: Chancellor urged to reverse Rishi Sunak’s tax surcharge cuts to claw back billions in lost revenueBusiness live – latest updatesTax cuts for big banks have deprived the UK government of £6bn in revenues, according to campaigners, who are calling on the chancellor, John Healey, to increase
Zambia reached a staff-level agreement with the International Monetary Fund for a fresh $1.47 billion program to bolster economic stability and boost growth.
Brazil’s next government has no time to lose when it comes to delivering sweeping fiscal policy changes, said Marcelo Kayath, who is seen as a top contender for finance minister should Flávio Bolsonaro win the presidency.
The US expressed “absolute understanding” of Slovakia’s need to keep importing Russian oil and gas until the end of 2027, Economy Minister Denisa Sakova said.
Hurricane Isaias strengthened into a major storm Friday as it barreled toward more than 3 million people along the US Gulf Coast, threatening dangerous flooding and storm surge after forcing energy producers to curb output.
Hungary needs to significantly narrow its budget deficit to make debt financing sustainable and to put the country on a path toward adopting the euro, Prime Minister Peter Magyar said.
Hungarian authorities that seized a Ukrainian gold convoy and briefly detained its escorts ahead of the election that unseated Viktor Orban acted on their own initiative, the former prime minister said, denying responsibility for the raid.
Control of Congress after the 2026 midterm elections would give Democrats power to subpoena documents and testimonyIn August, Jamie Raskin renewed his demand that Jared Kushner hand over documents about the overlap between his informal role advising Donald Trump on foreign policy and the private equ
US immigration officer shot man in car where five-year-old child was sitting in the Bronx, sparking fierce protestsUS politics live – latest updatesLeading New York Democrats expressed anger and demanded curbs on Immigration and Customs Enforcement (ICE) violence after a federal officer shot a man i
European bonds stabilized after a week of dramatic swings, with falling oil prices bringing relief from budget worries and abrupt shifts in hedge-fund positioning that whipsawed yields.
The bull market in US stocks is showing few signs of stress as it approaches its fourth anniversary: Corporate profits are rock-solid, the S&P 500 Index is near a record and volatility appears subdued.
New report on economic cost of anti-immigration campaign projects 8.6% reduction in retirement payments by 2034Elderly Americans can expect to lose an average of $2,152 in annual social security benefits each, a projected 8.6% reduction in their retirement payments, by 2034 and every year after as a