Browsing: Economy

Realizing the promise of artificial intelligence by managing its risks will require “some new laws, regulations and oversight,” President Joe Biden said Friday, even as several…

(Reuters) -Major U.S regional banks said their deposits mostly stabilized and net interest income rose after the first-quarter collapse of Silicon Valley Bank sparked industry turmoil,…

The numbers: Commercial and industrial lending — a key driver of economic activity — fell by $2.1 billion to $2.75 trillion in the week ending July…

If the Teamsters strike against UPS, they will be joined in solidarity by a separate union of UPS pilots. The Independent Pilots Association (IPA) told FOX…

By David Shepardson WASHINGTON (Reuters) -U.S. government agencies are targeting buying 9,500 electric vehicles in the 2023 budget year, but face supply issues and higher costs,…

By Kane Wu (Reuters) – Private equity firm Warburg Pincus on Wednesday named its Asia head of real estate Jeffrey Perlman as successor to Timothy Geithner…

The Federal Reserve officially launched its FedNow service Thursday, plunging into the world of real-time payments. FedNow is a new instant-payments service offered by the central…

Ford Motor Company tells FOX Business that it will “respond in good faith” to a letter from U.S. lawmakers raising concerns over the automaker’s recently announced…

By Akash Sriram and Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in “turbulent times”,…

The numbers: The number of Americans who applied for unemployment benefits last week fell to a two-month low of 228,000, reaffirming that the U.S. job market…