economic news

Home prices are rising across the country as Americans rush to purchase houses, driven in part by a newfound ability to work remotely as a result of the COVID-19 pandemic.But where are they set to rise the most? Not in the Sun Belt, by…

Jobless claims reached their lowest level of the pandemic last week as stronger hiring and consumer spending drive a U.S. economic revival. Worker filings for unemployment benefits, a proxy for layoffs, fell to…

WASHINGTON—Democrats are weighing a variety of possible tax increases, including boosting the corporate tax rate and the top marginal income-tax rate on individuals, to raise revenue as President Biden finalizes his…

The Dow Jones Industrial Average rose Wednesday as investors piled back into economically sensitive sectors on bets that the U.S. economy will continue to recover. The index of blue-chip stocks added 290 points, or…

U.S. stocks fell on Tuesday as investors digested testimony by Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen about the U.S. economy. The S&P…

Canadian Pacific CP -1.37% Railway Ltd. agreed to acquire Kansas City Southern KSU 0.38% in a transaction valued at about $25…

In February 2010, then-President Barack Obama touted his new pay-as-you-go budget law. “You can’t spend a dollar unless you cut a dollar elsewhere. This is how a responsible family or business manages a budget. And this is…

Here’s what we’re watching ahead of Thursday’s opening bell. —U.S. stock futures fell a day after the Federal Reserve’s outlook and policy statement lifted both the Dow and the S&P 500 to records.…

WASHINGTON—The Internal Revenue Service delayed the main April 15 tax-filing and payment deadlines for individuals until May 17, giving taxpayers and preparers a bit of breathing room in an unusually complicated tax season.…

“If we are going to be a society that insists we have to pull ourselves up by our bootstraps, then we can’t refuse to give people the bootstraps they need to pull themselves up,” Amy Jo Hutchison of West Virginia said at a…