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Latest Headlines in Economy

Larry Edelman

Boston Fed chief says more rate hikes needed to cool inflation

Susan M. Collins also said she remains hopeful the central bank can bring down inflation without causing a significant recession.

Stocks end higher on Wall Street but still fall for the week

A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading.

Larry Edelman

Fame, fortune, and bankruptcy: A crypto star implodes

Samuel Bankman-Fried, the billionaire founder of FTX and Alameda Research, soared quickly to the top of cryptocurrency world. His demise was even faster.

Fed official suggests substantial rate hikes may be needed

The Fed is seeking to raise borrowing rates to a level that restrains economic growth and hiring in order to cool inflation.

UK inflation rises to 41-year high at 11.1 percent

Higher prices for food and energy drove Britain’s inflation rate to the highest since October 1981, the Office for National Statistics said.

Shirley Leung and Larry Edelman

‘They just didn’t care’: Why more business leaders didn’t fight the ‘millionaires tax’

Local business leaders conceded that they struggled to recruit enough companies, their chief executives, and other heavy hitters to go public with their opposition to Question 1 — and donate to the campaign.

Markets soar on signs of slower inflation

The S&P 500 soared 5.5 percent, its best one-day performance since April 2020 and the early market recovery from the coronavirus-induced meltdown.

US consumer inflation eased to 7.7 percent over the past 12 months

The numbers were all lower than economists had expected.