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Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations

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Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce...

Amgen says obesity drug caused up to 20% weight loss after...

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The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023.Mario Tama | Getty ImagesAmgen on Tuesday said...

Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

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Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7,...

Trump might name Kevin Warsh as Treasury chief then Fed chair...

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Kevin WarshJin Lee | Bloomberg | Getty ImagesPresident-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately sending him off...

RFK Jr. is Trump’s pick to lead HHS — here’s what...

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Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas...

Wholesale prices rose 0.2% in October, in line with expectations

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A customer shops in the ready to eat meals aisle of a grocery store on October 17, 2024 in Miami, Florida. Joe Raedle |...

Annual inflation rate hit 2.6% in October, meeting expectations

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Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday.The consumer price...

Former Treasury Secretary Mnuchin says Trump’s top priorities will be tax...

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President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes...

U.S. economy added just 12,000 jobs in October, impacted by hurricanes,...

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Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant...

Bristol Myers Squibb tops earnings estimates and hikes outlook, helped by...

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The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg...