Nobels have typically gone to more theoretical work. This year’s laureates distinguished themselves with work that is experimental and has immediate real-world impact. VIEW
Economy
Follow coverage of the U.S. and global economy, jobs and unemployment; banking; interest rates and other decisions by the Federal Reserve (Fed) and Chair; and economic indicators such as the gross domestic product (GDP), factory orders and durable goods. Other topics include the federal budget deficit and national debt, and local economic columnist Jon Talton.
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Fed approves rules loosening Dodd-Frank bank restrictions
WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and...
Mortgage rates pull back on weaker-than-expected economic data
Mortgage rates retreated this week after the services sector reported its slowest growth rate in three years. According to data released Thursday by Freddie Mac,...
Social Security checks to rise modestly amid push to expand benefits
WASHINGTON (AP) — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in...
Fed officials were sharply divided over September rate cut
WASHINGTON (AP) — Federal Reserve officials were sharply divided last month when they decided to cut their key policy rate for a second time this...
GM strike’s economic toll: idle trucks, packed warehouses VIEW
Much of the pain from the strike, now in its fourth week, is concentrated in the northern Midwest, which was already contending with a manufacturing...