The British economy’s rebound from recession slowed down sharply in the third quarter of the year with most sectors stagnating.

U.S. stocks fell to their worst loss since Election Day as the boost that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading.

U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.

Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.

The U.S. on Thursday imposed sanctions on senior members of the armed wing of a Mexican drug cartel that operates on border territories in and around Chihuahua, Mexico.

U.S. stocks slid after Treasury yields hit their highest levels since the summer and oil prices continued to climb.

U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.

U.S. stocks rose after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way.

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022.

New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States’ jurisdiction to review land sales near 56 additional military sites, bringing the overall number to 227.

U.S. stocks rose to more records after a report on the job market bolstered hopes that interest rates may soon get easier.

Stocks drifted lower on Wall Street, erasing the S&P 500's gains for the week.

Asian shares are rising as traders looked ahead to a key report on inflation that could influence the Federal Reserve’s next move on interest rates.

A network of people and firms that support the sanctioned president of Bosnia’s Serb-run part, Milorad Dodik, has been hit with new sanctions.

Mortgage rates are expected to come down later this year, but any benefit to homebuyers could be muted by developments in the market for financial instruments tied to mortgages.

Asian benchmarks are mostly higher after U.S. stocks rallied to records following the Federal Reserve's indication that it expects to deliver interest rate cuts later this year.

The U.S. and United Kingdom sanctioned a deputy commander of Iran’s Islamic Revolutionary Guard Corps and a Houthi militant member, Tuesday.

Asian shares are trading mixed as pessimism spreads among investors about any imminent interest rate cut in the U.S. Japan’s benchmark Nikkei finished little changed Thursday, inching down less than 0.1%.

Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database of that collects ownership information intended to help unmask shell company owners.

Asian markets opened the year on a downward trend after Wall Street benchmarks ticked lower on the last trading day of 2023.

Asian shares have powered higher after Wall Street logged modest gains in this holiday-shortened week.

The White House is encouraging Mideast allies to join the Combined Maritime Forces, a partnership that exists to counter malign action by non-state actors in international waters.

Asian shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy.

Stocks edged lower on Wall Street as markets look ahead to updates on inflation and how American consumers are feeling about the economy.

Stocks drifted to a mixed finish after a half-day trading session capped a holiday shortened week that left the major indexes with their fourth straight winning week.

Asian shares are mostly higher after a rally on Wall Street led by gains in Microsoft after it announced it was hiring Sam Altman, former CEO of OpenAI, the ChatGPT maker.

The U.S. has imposed sanctions on six people affiliated with the Iranian-backed Iraqi militia Kataeb Hezbollah, which is accused of being behind a spate of recent attacks against U.S. forces in Iraq and Syria following the Oct. 7 attacks by Hamas against Israel.

The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks.

U.S. stocks mostly fell after getting pulled in opposite directions by competing waves of optimism and fear.

Shares are higher in Asia, tracking Wall Street gains following an easing of pressure from the bond market.

Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. job market.

Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market.

Asian shares are mostly higher as a plunge in oil prices aided a recovery on Wall Street.

Treasury yields surged in September and sapped the energy from a strong stock market as investors came to terms with the likelihood that interest rates will remain high well into next year.

Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly less affordable housing market.

The U.S. has imposed sanctions on seven people and four companies in China, Russia and Turkey who officials allege are connected with the development of Iran’s drone program.

The Biden administration has tapped former Commerce Secretary and major Democratic donor Penny Pritzker to coordinate U.S. efforts to channel private sector reconstruction assistance to Ukraine.

New Zealand’s economy is expected to remain sluggish for another two years, although the overall picture is rosier than many observers had feared, new figures indicate.

Shares are lower in Asia after a decline on Wall Street, where strong economic data revived worries that the Federal Reserve might keep interest rates high for longer than hoped.

In response to North Korea’s failed launch of a spy satellite last week, the U.S. has imposed sanctions on two men and a Moscow-registered firm accused of supporting North Korea’s ballistic missile program.

The U.S. has imposed sanctions and visa restrictions on four Russian intelligence operatives accused of direct involvement in the 2020 poisoning of Alexei Navalny, a Russian politician and corruption investigator who is one of President Vladimir Putin’s fiercest critics.

Wall Street fell for a third straight day as rising yields in the bond market keep cranking up the pressure.

Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.

The U.K. Treasury says the amount of public funding for King Charles III and the royal family’s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch’s Crown Estate.

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation.

With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit.

If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone.

Months before an election, New Zealand’s government is offering some modest financial relief to many people by making most prescription medicines free and increasing subsidies for childcare and public transportation.

That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit.

Treasury Secretary Janet Yellen has notified Congress that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial crisis.

Over the course of a year, the U.S. Treasury Department has used the hammer of its sanctions powers to impose wide-ranging financial restrictions on Russia in response to its invasion of Ukraine, turning Russia into the most sanctioned country in the world.

Stocks are closing with very slight gains on Wall Street as investors close out a quiet week highlighted by a batch of mostly mixed corporate earnings reports.

The IRS says it has answered 2 million more calls this tax filing season than a year ago, with the average phone wait time now at four minutes.

The average long-term U.S. mortgage rate inched down for the fifth straight week, positive news for potential home buyers and a real estate market that’s been chilled by the Federal Reserve’s series of interest rate hikes the past year.

Top sanctions officials from the U.S. Treasury Department are set to make a series of international trips as part of a new campaign to pressure firms and countries that continue to do business with the Kremlin to cut off financial ties because of Russia's war on Ukraine.

The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market that has been mostly cold since the Federal Reserve began raising interest rates more than a year ago.

The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway.

Stocks shook off a weak start and ended higher on Wall Street even as worries about banks on both sides of the Atlantic continue to weigh on markets.

Asian stock markets are mixed after Wall Street steadied following a plunge on worries about more U.S. interest rate hikes.

Treasury Secretary Janet Yellen is warning that the U.S. faces “economic catastrophe” if Congress and the White House don’t take action to raise the federal debt limit.

Britcoin is moving closer to reality.

Economists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing market this year.

Britain’s Conservative government is defending its decision to hike taxes for millions of working people in the “squeezed middle” class as it tries to shore up an economy battered by double-digit inflation.

China has lashed out over a visit to Taiwan by British Trade Policy Minister Greg Hands, the latest foreign official to defy Beijing's warnings over contacts with the self-governing island republic.

British Prime Minister Liz Truss and her Treasury chief have met with the independent Office of Budget Responsibility amid efforts to ease concerns about unfunded tax cuts that have unleashed turmoil on financial markets.

Vice President Kamala Harris and Treasury Secretary Janet Yellen will host a forum to highlight how coronavirus pandemic relief dollars have helped support Black- and minority-owned businesses.

The Bank of England has sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar, but its entreaty has fallen flat for investors concerned about the government's sweeping package of tax cuts.

Asian shares are trading mostly lower, tracking the broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time.

European stocks opened lower after gains in Asia ahead of U.S. inflation data that some investors worry might lead to more interest rate hikes.

Asian shares are mostly lower after a slump on Wall Street erased recent gains.

Wall Street is closing out a winning week with a sputtering finish on Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market.

Global stocks are mostly higher after a wobbly day on Wall Street as markets cooled off following a rare winning week.

Stocks rallied on Wall Street Friday, sending the S&P 500 up 3.1% for its best gain in two years.

Asian stock markets are mixed following a bond sell-off on Wall Street amid anxiety about higher U.S. interest rates.

Local governments across the U.S. have turned down a potential total of $73 million in federal pandemic relief funds.

New Zealand’s government says it will hand out an extra few hundred dollars to more than 2 million lower-income adults to help them navigate what it describes as “the peak of the global inflation storm.”.

Record-low mortgages below 3% are long gone.

Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and other digital assets and to ward off fraudulent and illicit transactions.

Stock indexes ended a bumpy day higher on Wall Street Friday while Treasury yields soared, after a healthy report on the U.S. job market strengthened expectations for coming interest rate hikes.

The U.S. Treasury Department has concluded that more than 80% of the billions of dollars in federal rental assistance during the pandemic went to low-income tenants.

Stocks sank Friday as worries about an imminent Russian invasion of Ukraine piled onto Wall Street’s already heavy list of concerns about inflation and interest rates.

Will mortgage rates go up.

Asian shares have fallen in cautious trading after stocks on Wall Street sank to a new low for the year.

Stocks ended lower on Wall Street Friday and Treasury yields rose as investors anticipated the Federal Reserve will stay on course to raise interest rates as soon as March.

Wall Street closed out a bumpy week with more losses on Friday following a mixed reading on U.S. jobs markets that investors said was tough to parse.

U.S. stocks pushed further into record heights on Friday following an encouraging report on hiring across the country.

With only hours to spare, President Joe Biden signed legislation to avoid a partial federal shutdown and keep the government funded through Dec. 3.

Asian shares are mostly higher after a day of mixed results on Wall Street.

Stocks managed to eke out tiny gains after another day of wobbly trading, leaving the S&P 500 higher for the second week in a row.

Treasury yields powered higher Friday and two major stock indexes notched more record highs after a report showed the U.S. job market is making widespread improvements.

Mortgage rates continued to fall this week, tracking a decline in yields on Treasury securities as the bond market continues to signal concerns over the strength of the recovery from the pandemic recession.

The Biden administration is hitting 22 senior Myanmar officials and their families with sanctions over the government's crackdown on democracy protests after the coup.

British lawmakers have failed to force a vote on the government’s cut to foreign aid spending, but may get a chance to debate the contentious decision on Tuesday.

British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak indicated could become commonly known as “Britcoin.”.

Asian shares were mixed Wednesday as data showed a strong economic recovery in China but worries lingered about the coronavirus pandemic. (AP Photo/Koji Sasahara)TOKYO – Asian shares were mixed Wednesday as pointed to a strong economic recovery in China but worries lingered about the coronavirus pandemic. A survey released Wednesday shows China’s factory activity rebounded in March from a three-month slowdown as export orders rose. U.S. stock indexes fell as another swell higher for Treasury yields pressured big technology stocks. AdHealth care stocks also dragged shares lower, outweighing gains by banks, industrial stocks and companies that rely on consumer spending.

The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving. Thursday’s report from the Labor Department showed that jobless claims fell from 781,000 the week before. All told, the number of applicants fell below 1 million for the first time since the pandemic. AdNationally, though, the number of recipients in an extended federal jobless benefits program jumped by 730,000 to 5.5 million. Historically, the weekly unemployment claims figure has been considered an accurate reflection of the pace of layoffs.

Yellen and Federal Reserve Chairman Jerome Powell say more needs to be done to limit the damage from the coronavirus pandemic and promote a full economic recovery. (AP Photo/Jacquelyn Martin, File)WASHINGTON – Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell told Congress on Tuesday that more must be done to limit the economic damage from the coronavirus pandemic. Powell also reiterated that he does not expect programs aimed at reviving the economy will trigger unwanted inflation. Yellen said the $1.9 trillion American Rescue Plan held out the prospect of returning the country to full employment next year. AdYellen on Tuesday pledged a rapid rollout from the Treasury of the new relief plan.

The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Feds efforts to shore up the financial system during the early days of the pandemic. (AP Photo/Susan Walsh, Pool)WASHINGTON – The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to shore up the financial system during the early days of the pandemic. But the SLR, unlike other bank capital requirements, doesn't take risk into account. Bank lobbyists argue that without an extension of the exemption, large banks will be less likely to hold Treasury securities. “We are also confident that the thousands of community banks that are not subject to the SLR requirements would be happy to accept deposits that large banks may reject,” they said.

His message of wait-and-see patience caused bond yields to jump and stocks to fall further, signaling that investors foresee stronger growth and higher inflation on the horizon. Higher yields on government bonds can entice some investors to sell stocks and buy Treasurys instead, thereby forcing stock prices down. The surge in Treasury bond yields has also forced up mortgage rates. Higher inflation is unlikely to persist, Powell said, because most consumers and businesses expect mild prices gains, and therefore will keep their prices and wage demands in check. The Fed has previously signaled that it intends to keep its rate near zero through at least 2023.