Federal Reserve Chairman Jerome Powell will testify before Congress next week, the first time he has answered lawmakers' questions since July, the central bank announced Thursday. Powell is set to ...

Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in Fed Chair Jerome Powell, breaking from earlier ...

The Federal Reserve told six major U.S. banks they won't need to submit results from climate stress tests this year as the program was shut, according to a media report.

In the 2025 stress-test scenario, the US unemployment rate would rise almost 5.9 percentage points to 10%. That hike would come with severe market volatility, widening corporate bond spreads, a 33% ...

Which seek to evaluate the resilience of big banks and ensure they can keep lending even in a severe recession.

THE US Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of ...

The Federal Reserve kept interest rates steady at 4.25% to 4.5%, despite US president Trump's call for deeper cuts. Trump has ...

Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a case about a 2015 merger that prosecutors said was ...

The Dallas Mavericks sent Luka Doncic to the Los Angeles Lakers in arguably the most shocking trade in NBA history on Saturday night/Sunday morning, getting Anthony Davis, Max Christie, and a 2029 ...

President Donald Trump’s second week in office seemed to deliver a daily dose of deliberate jolts for the country.