US Federal Reserve

The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year.

Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. “We want to remind ourselves,” Powell said, “that prosperity isn’t experienced in all communities. Low- and moderate-income communities in many cases are just starting to feel...

Monroe County jail inmate Jason Aaron Gibson was charged Monday with animal cruelty after he was already being held on a vehicle theft charge.

The distinctive clang of metal hitting pavement echoed across Hong Kong. Over several hours, in successive waves on Sunday, different districts filled with the sound of protesters erecting and just as hastily taking down their improvised barricades. While past nights of protest have ended in protracted standoffs between demonstrators and riot police, rally participants this time took a different tack....

Deputies from the St. Lucie County Sheriff’s Office got a call Thursday morning alleging dozens of animals were in distress at a home in Fort Pierce.

For most Americans, having a million dollars isn’t enough to be considered “wealthy.” It would take a net worth of more than double that amount: $2.27 million. That’s according to Charles Schwab’s 2019 Modern Wealth Survey, which asked 1,000 adults between age 21 and 75 what personal net worth they would need in order to be wealthy. The responses varied...

U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work. Average hourly...

A college degree has long been a ticket to the U.S. middle class. It typically confers higher pay, stronger job security, greater home ownership and comparatively stable households. Those benefits have long been seen as worth the sacrifices often required, from deferred income to student debt. Yet college graduates aren’t as likely as they once were to feel they belong...

President Donald Trump’s pick for the Federal Reserve Board said he regrets past controversial articles he wrote about women and urged critics to focus on his economic record. Stephen Moore said the articles were meant as humor columns, but “some weren’t funny, so I am apologetic.” He called the criticism a “smear campaign” and told ABC: “Let’s make this about...

The S&P 500 hit an all-time high Tuesday, marking the stock market’s complete recovery from a nosedive at the end of last year. The benchmark index’s previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war between the U.S. and China, and concern the Federal Reserve...

Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8 percent, according to a Bureau of Labor Statistics report Friday. That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end....

It’s financial literacy month, do you know where your retirement is? CNBC Chairman Mark Hoffman rings the NASDAQ opening bell today to kick off the special month, created in 2003 to teach Americans how to establish and maintain healthy financial habits. Americans can sure use help with retirement. Baby boomers, in particular, have not saved nearly enough for retirement. They’re...

U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new car market, according to a new industry forecast. First-quarter auto sales are expected to drop by nearly 2.5 percent from a year earlier, to 4 million units, according to J.D. Power and LMC Automotive. Retail sales, which...

As auto loan debt has soared, so has the number of people who can’t pay, with the level of serious delinquencies breaking past the heights reached just after the financial crisis. More than 7 million Americans are 90 days or more behind on their vehicle loans as of the end of 2018, according to data released Tuesday by the New...

While many struggle to make ends meet during the shutdown, some have turned to small-dollar loans to fill the financial vacuum that comes as a result of the ongoing battle raging more than 1,000 miles away in Washington, according to NBC News. Because of a lack of regulations surrounding loans and the Trump administration rescinding some Obama-era protections, the annual...

Most people are feeling pretty good about their finances these days. There is, however, room for improvement. About one-third of all Americans intend to make a financial resolution for the year ahead, according to a new report by Fidelity Investments. “There’s a connection between overall financial wellness and happiness,” said Ken Hevert, senior vice president of retirement and income solutions...

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street, CNBC reports.

The International Association of Fire Fighters is calling President Donald Trump’s comment about massive wildfires buring throughout Califonia “irresponsible, reckless and insulting.”

The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday. Still, investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be rethinking its probable pace of credit tightening in the coming...