Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won’t likely recoup.
The report lays out steps that could potentially alter the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting.
Federal Reserve officials are signaling moves that could send mortgage interest rates up next year, potentially curtailing strong housing demand.
Another surge in consumer prices in September sent inflation to 5.4 percent from a year ago, matching the highest such rate since 2008 as tangled global supply lines continue to create havoc.
U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic has kept its grip on the economy, with many companies struggling to fill millions of open jobs.
Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy.
Flood insurance premiums figure to increase for thousands of Connecticut residents when the federal government implements a new rate system, some by as much as $100 per month — but most by up to $10 monthly.
The bureau has a new director who is likely to embrace an aggressive “watchdog” role, similar to how the agency operated under former President Barack Obama.
Droughts that cause leaves to turn brown and wither before they can reach peak color. Heat waves prompting leaves to fall before autumn even arrives. Extreme weather events like hurricanes that strip trees of their leaves altogether.
The Senate voted Tuesday to extend Democratic Gov. Ned Lamont’s emergency powers for the sixth time during the COVID-19 pandemic. Lamont’s powers were extended through Feb. 15.
Connecticut lawmakers moved closer Monday toward extending Democratic Gov. Ned Lamont’s emergency powers during the coronavirus pandemic for the sixth time, an issue that has become more contentious with each extension.
Homebuilders face possible shortages of appliances and other goods ahead of Christmas after power cuts to meet official energy use targets forced Chinese factories to shut down and left some households in the dark.
The Federal Reserve signaled Wednesday that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago and a sign that it’s concerned that high inflation pressures may persist.
A Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt has rattled global markets says it will pay interest due Thursday to bondholders in China but gave no sign of plans to pay on a separate bond abroad.
Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders.
A Connecticut restaurant is taking an unorthodox approach to addressing staff shortages: robot servers to serve meals.
Gov. Ned Lamont said Tuesday that he wants to extend Connecticut’s mask mandate for public schools beyond the end of this month when his pandemic-related emergency powers are set to expire.
State tourism officials plan to spend more money than usual promoting the state’s fall foliage in an attempt help the industry rebound from the pandemic.
As congressional Democrats speed ahead this week in pursuit of President Joe Biden’s $3.5 trillion plan for social and environmental spending, including climate change mitigation and adaptation money, a Democratic senator vital to the bill’s fate says the cost will need to be slashed to $1 trillion to $1.5 trillion to win his support.