Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy Business & Economy   The Big Story  Mortgage rates fall to under 7.25 percent  Mortgage rates declined for the second straight week, providing prospective homebuyers with a bit of relief in a pricey housing market.  © Nam Y. Huh, Associated…

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy Business & Economy   The Big Story  Mortgage rates fall to under 7.25 percent  Mortgage rates declined for the second straight week, providing prospective homebuyers with a bit of relief in a pricey housing market.  © Nam Y. Huh, Associated…

Democratic Sen. Elizabeth Warren (D-Mass.) on Thursday urged the Department of Justice (DOJ) to launch a criminal investigation into Bank of America for its violations of anti-money laundering laws. In a letter to Attorney General Todd Blanche, the Massachusetts Democrat called the Treasury Department’s recent $1.21 billion fine of Bank of America a “slap on…

Democratic Sen. Elizabeth Warren (D-Mass.) on Thursday urged the Department of Justice (DOJ) to launch a criminal investigation into Bank of America for its violations of anti-money laundering laws. In a letter to Attorney General Todd Blanche, the Massachusetts Democrat called the Treasury Department’s recent $1.21 billion fine of Bank of America a “slap on…

U.S. economic growth increased in the third quarter, as the surge in artificial intelligence investment continued and consumers kept spending despite persistent inflation. The country’s gross domestic product (GDP) increased at an annual rate of 3.4 percent from July through September, preliminary data from the Bureau of Economic Analysis (BEA) showed Thursday. The BEA will…

U.S. economic growth increased in the third quarter, as the surge in artificial intelligence investment continued and consumers kept spending despite persistent inflation. The country’s gross domestic product (GDP) increased at an annual rate of 3.4 percent from July through September, preliminary data from the Bureau of Economic Analysis (BEA) showed Thursday. The BEA will…

Inflation increased slightly in September after declining in August, new data from the Bureau of Economic Analysis (BEA) showed Thursday.  The personal consumption expenditures (PCE) price index, the preferred inflation metric for the Federal Reserve, rose by 0.5 percent last month and was up 3.6 percent relative to September 2025.   The consumer price index, the…

Inflation increased slightly in September after declining in August, new data from the Bureau of Economic Analysis (BEA) showed Thursday.  The personal consumption expenditures (PCE) price index, the preferred inflation metric for the Federal Reserve, rose by 0.5 percent last month and was up 3.6 percent relative to September 2025.   The consumer price index, the…