2+ hour, 7+ min ago  (734+ words) WASHINGTON -- American consumers -- and the Federal Reserve -- are being hit with another high-cost headache. The gusher of investment in data centers -- likely topping $700 billion this year -- to power artificial intelligence has made memory chips, computer processors and other equipment, as…...

5+ day, 2+ hour ago  (527+ words) WASHINGTON -- The Federal Reserve's rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday. In the first set of minutes released under…...

6+ day, 10+ hour ago  (422+ words) President Donald Trump is claiming that Walmart Inc. lowered its prices recently at his request, but the retailer's news release touting the price cuts did not mention Trump and says the rollbacks are meant to help customers buying seasonal supplies....

1+ week, 4+ day ago  (1105+ words) WASHINGTON -- U.S. employers slowed hiring last month and added only 57,000 jobs, less than half the previous month's total and a sign companies still have a cautious economic outlook. The Labor Department said Thursday that the unemployment rate declined from 4.3% in May…...

1+ week, 4+ day ago  (395+ words) The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell from last week's 6.49% to 6.43%, the Federal Home Loan Mortgage Corporation mortgage buyer,…...

1+ week, 5+ day ago  (623+ words) WASHINGTON -- New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Donald Trump has sought. In remarks at a central bank conference in…...

1+ week, 6+ day ago  (411+ words) WASHINGTON -- Americans' attitudes toward the economy improved slightly last month as gas prices declined, but their outlook is still mostly negative by historical standards. The Conference Board said Tuesday that its consumer confidence index rose 0.6 point to 91.2 in June, a…...

1+ week, 6+ day ago  (720+ words) NEW YORK -- The U.S. Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve accusations that the companies illegally colluded for years to raise prices, including when the cost soared to record highs last year....

2+ week, 1+ hour ago  (372+ words) FRANKFURT, Germany -- The head of the European Central Bank defended its June 11 rate hike as justified to ward off real inflationary pressures and said it wasn't just a mere "insurance hike." ECB head Christine Lagarde said Monday that without the…...

2+ week, 4+ day ago  (667+ words) WASHINGTON -- The Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose problems for President Donald Trump and his political party as midterm elections near. Consumer prices…...