Business
Stay informed about the latest financial news, investment opportunities, economic trends, and personal finance advice.
Trump administration probes Jerome Powell over $2.5B Fed renovation, stirring legal concerns
The Trump administration has launched a criminal investigation into Federal Reserve Chair Jerome Powell related to cost overruns in a $2.5 billion...
Unlock Premium Content
Get access to exclusive deep dives, premium analysis, and more.
Inflation has held steady. That’s good news for Trump and Fed.
Consumer prices in the U.S. rose 2.9% in December from a year earlier, matching November’s pace and signaling continued easing from prior highs....
Saks Global declares bankruptcy. What does it mean for shoppers?
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, filed for Chapter 11 bankruptcy protection amid mounting debt and sliding...
US consumer inflation increases steadily, but households paying more for food and rents
U.S. inflation rose 0.3% in December and held at 2.7% annually, driven by higher costs for food and shelter. President Donald Trump acknowledged...
Washington is on track to pay $1 trillion a year in interest. That’s a big problem.
The U.S. government is expected to spend over $1 trillion annually on interest payments for its national debt by 2026, creating major strain on...
JPMorgan says Trump's credit card cap would hurt consumers and the economy
JPMorgan Chase said President Donald Trump’s proposed 10% cap on credit card interest rates could reduce consumer access to credit and hurt the...
World Bank sees resilient global growth in 2026, but warns it is too concentrated
The World Bank forecast global economic growth of 2.7% in 2026, matching the previous year and slightly revising its outlook upward. The...
Inflation is steady. Grocery prices are not
The U.S. Consumer Price Index report for December showed inflation holding steady overall, with core prices rising just 0.2% – slightly cooler...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
What this means for you: • Federal Reserve Chair Jerome Powell said Sunday that the Justice Department has served subpoenas on the Fed and...
Never Miss Business Updates
Subscribe to TheWkly and get the latest Business news delivered to your inbox, along with exclusive deep dives and impact calculators.
Subscribe for Free