An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool

The U.S. economy continued to grow at a healthy pace at the end of 2023, capping a year in which unemployment remained low, inflation cooled and a widely predicted recession never materialized. Gross domestic product, adjusted for inflation, grew at a 3.3 percent annual rate in the fourth quarter, the Commerce Department said on Thursday….

U.S. stocks closed higher following signals that the economy is growing more powerfully than economists expected

GENEVA — Switzerland’s financial markets authority is getting a new chief executive as the rich Alpine country looks at ways to strengthen regulations after UBS hurriedly took over ailing rival Credit Suisse last year partly to prevent a global banking meltdown. The Swiss government on Wednesday selected Stefan Walter, a 59-year-old German national who was…

Sen. Bernie Sanders and a group of Democratic lawmakers are pushing to raise taxes for companies that pay their chief executives at least 50 times more than their typical worker’s salary, saying the bill was needed to limit corporate greed. The union-backed proposal, which could impact some of the nation’s biggest companies and largest employers,…

Snowballing protests by French farmers crept closer to Paris on Thursday, with tractors driving in convoys and blocking roads in many regions of the country to ratchet up pressure for government measures to protect the influential agricultural sector from foreign competition, red tape, rising costs and poverty-levels of pay for the worst-off producers. Traffic-snarling drive-slows,…

NEW YORK — U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed. In an opinion and final order issued Monday, the Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could…