Lucy Bayly

Billionaire investor Carl Icahn and his firm Icahn Enterprises have settled charges for failing to disclose pledges of the company’s securities as collateral for billions of dollars in personal loans, US regulators said Monday.

US stocks surged Thursday after new data on the labor market suggested that the economy may not be headed into the downward spiral that traders feared.

First-time applications for unemployment benefits rose last week to 231,000, the highest level since August, in another sign that the white-hot labor market is starting to cool off.

Inflation was sharply higher in June, according to new inflation data from the Bureau of Labor Statistics.

Consumer expectations for prices to continue rising over the next year increased to the highest level on record, according to the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York, released on Monday.

It’s not yet clear if the US economy will return to its pre-pandemic status, Federal Reserve Chairman Jerome Powell said Wednesday.

The bond market just flashed a warning sign that has correctly predicted almost every recession over the past 60 years: an inversion of the US Treasury note yield curve.

The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve.