The FBI is offering a reward of up to $10,000 for information that leads to the arrest and conviction of a man suspected of carrying out nearly a dozen bank robberies along the Interstate 91 corridor in Connecticut, Massachusetts, New Hampshire and Vermont.
Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.
U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron inflections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.
The property manager of a Rhode Island condominium complex has been charged by federal prosecutors with improperly using the condo association’s debit card to withdraw nearly $50,000 from ATMs at a Massachusetts casino.
Economists say they were surprised by the likely timing and intensity of the Federal Reserve’s rate hikes Chair Jerome Powell sketched out Wednesday.
The Fed has signaled it will raise interest rates in March, a move sure to make a wide range of borrowing costlier and potentially tame inflation.
Pfizer has begun a study comparing its original COVID-19 vaccine with doses specially tweaked to match the hugely contagious omicron variant.
The Federal Reserve on Thursday released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers.
The New York attorney general’s office late Tuesday told a court its investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits.
A bill approved by the Massachusetts Senate would make it easier for people who are homeless to obtain a state ID.
In response, owners are raising prices, cutting staff hours, dropping some goods and services and nixing free shipping in a delicate balancing act. But with low visibility into how long the higher inflation will last, some owners are increasingly worried about keeping their doors open in the long run.
Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.
President Joe Biden announced the nomination of Sarah Bloom Raskin, a former Fed and Treasury official, for the Federal Reserve Board’s top regulatory slot on Friday in a move that could lead to climate concerns being incorporated into bank regulation.
Inflation jumped at its fastest pace in nearly 40 years last month, a 7 percent spike from a year earlier that is increasing household expense, heaping pressure on President Joe Biden and Federal Reserve leaders to act.
Workers started removing the last tents Wednesday morning from a once-sprawling homeless encampment at a Boston intersection known as Mass & Cass.
Federal Reserve Vice Chair Richard Clarida said he will step down Friday, the third Fed official to resign after a trading scandal at the central bank.
Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.
The U.S. job market is nearly healthy enough that central bankers think low-interest rate policies are no longer needed.
An attorney accused of lying to obtain millions of dollars in loans has been convicted of bank fraud and other charges in New Hampshire.
More than 1 million coronavirus cases have been confirmed in Massachusetts, according to state Department of Public Health data released Tuesday, as the omicron variant drives the latest surge in numbers.
