A view of the Internal Revenue Service (IRS) building in Washington, D.C., U.S., February 16, 2025. Annabelle Gordon | ReutersOfficials at the Internal Revenue Service and Treasury Department are anticipating tax revenue to drop more than 10% by April 15 compared with last year, the Washington Post reported Saturday, citing...
LONDON — Some investors are expressing a growing optimism about the U.K.'s economic outlook despite the country's long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United States.That upbeat tone wasn't reflected in the messaging of the Bank of England, as it...
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook.Speaking two days after he and his colleagues again voted to keep short-term rates steady, Goolsbee told CNBC that he's been hearing more concerns from businesses...
Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024.leksander Kalka | Nurphoto | Getty ImagesShares of Accenture slid Thursday after the consulting firm said tighter federal spending efforts have begun to weigh on its revenues.Shares tumbled nearly 8% in Thursday trading after Accenture's chief executive officer said...
Vithun Khamsong | Moment | Getty ImagesIt is becoming harder for Americans to come up with money in case of an emergency, according to a recent survey from the New York Federal Reserve.The bank's Survey of Consumer Expectations for February found that the average likelihood of Americans being able...
U.S. President Donald Trump reacts as he meets NATO Secretary General Mark Rutte (not pictured), in the Oval Office at the White House in Washington, D.C., U.S., March 13, 2025. Evelyn Hockstein | ReutersAfter largely staying out of the Federal Reserve's business during his first two months in office, President...
The "good ship Transitory," despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred...
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.Despite surveys indicating that confidence is at a nearly three-year low amid increasing worries about inflation, Moynihan told CNBC that spending data shows consumers are still...
The Bank of England in London on Feb. 12, 2024.Henry Nicholls | Afp | Getty ImagesThe Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.The central bank is highly likely to keep...
U.S. Vice President JD Vance (C) exits the Oval Office in the opposite direction as U.S. President Donald Trump and Elon Musk (R) walk away before departing the White House on March 14, 2025.Roberto Schmidt | Afp | Getty ImagesThe UCLA Anderson Forecast, citing substantial changes to the economy...