WASHINGTON (AP) — Two Federal Reserve officials last week expressed opposition to another interest rate cut at the central bank’s next meeting in December, further muddying the outlook for the Fed’s next steps. The remarks by Susan Collins, president of the Federal Reserve Bank of Boston, and Raphael Bostic, president of the Atlanta Fed, suggest [...]

NEW YORK (AP) — Americans would save roughly $100 billion a year in interest costs if President Donald Trump’s campaign proposal to cap credit card interest rates at 10 percent were implemented, according to a paper published by Vanderbilt University. Further, the banks and credit card companies would be able to withstand, and even still [...]

OMAHA, Neb. (AP) — Berkshire Hathaway revealed four new investments last week in steelmaker Nucor, insurer UnitedHealth and two of the nation’s biggest homebuilders — Lennar and DR Horton — but it’s not clear if the investments are big enough to ensure that legendary investor Warren Buffett handled them. Buffett, who plans to retire as [...]

WASHINGTON — One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyo., this week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring? Weak job gains since April have pushed [...]

NEW YORK — Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an executive order signed last week by President Donald Trump that could give those financial players long-sought access to a pool of funds worth trillions. There [...]

NEW YORK (AP) — President Donald Trump last week signed an executive order mandating a probe into whether banks have discriminated against conservatives and certain industries such as gun manufacturers and cryptocurrency companies, invoking the vast powers to go after entities that the Republican president alleges have discriminated against him and his allies. The executive [...]

NEW YORK (AP) — Exxon Mobil’s second-quarter profit dropped to the lowest level in four years and sales fell as oil prices slumped as OPEC+ ramped up production. Exxon earned $7.08 billion, or $1.64 per share, for the period ended June 30. A year earlier it earned $9.24 billion, or $2.14 per share. That was [...]

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods. Prices rose 2.6 percent in June compared with a year ago, the Commerce Department said, up from an annual pace of 2.4 percent in May. [...]

SAN FRANCISCO (AP) — Google’s shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background. Google parent Alphabet Inc. earned $28.2 billion, or $2.31 per share, during the second quarter, a 19 percent increase from the same time last [...]

WASHINGTON (AP) — A senior adviser to Kamala Harris’ 2024 presidential campaign is joining Coinbase’s global advisory council, which already includes several former U.S. senators and Donald Trump’s ex-campaign manager, as the cryptocurrency exchange broadens its political reach. David Plouffe, a top Democratic strategist best known as an architect of Barack Obama’s successful 2008 presidential [...]