The U.S. government’s budget deficit through February hit an all-time high of $l.05 trillion for the first five months of this budget year, as spending to deal with the coronavirus pandemic surged at a pace far above an increase in tax revenue. The Treasury Department reported Wednesday that the October through February deficit was 68% […]

Investor Warren Buffett’s fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece. Sponsored: Over 55? Here’s how to IMPROVE lung health Berkshire Hathaway’s Class A shares climbed to $407,750 Wednesday before giving up some ground to close the day at $398,840. The Class B shares […]

Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. “The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain,” Powell said in testimony to the Senate Banking […]

Declines in technology stocks are dragging the broader market lower Tuesday as investors remain increasingly focused on a big tick up in bond yields and what it means for the overall market. Major indexes pared a good part of their losses by the afternoon. The S&P 500 index was down 0.8 % as of 12:25 […]

Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this weekend, and most carriers that fly those planes said they would temporarily pull them from service. The U.S. Federal Aviation Administration ordered United Airlines to step up inspections of the aircraft after one of […]