Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected

Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps

Inflation fell last month on lower gas prices, while underlying inflation also cooled

If there’s one group likely to be experiencing the most consternation over inflation and economic uncertainty, it’s those who have just retired or are about to

China has reported its export picked up pace in June, jumping 27% from a year earlier thanks to strong demand from the boom in artificial intelligence

China’s customs agency says its exports jumped in June on strong AI-related shipments, surging 27% from a year earlier

Hundreds of economists urge immediate action to address AI's potential impact on the economy

Oil prices jumped following a weekend of attacks in the Middle East, while slumping AI stocks weighed on stock markets