A woman shops at a clothing store, Friday, Sept. 25, 2020, in New York. U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired. (AP Photo/Mark Lennihan)
Money

Consumer spending gains slow to 1% in August

FILE - In this Oct. 16, 2014, file photo, a screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth. (AP Photo/Richard Drew, File)
United States

Goldman Sachs to go ahead with ‘modest’ job cuts after coronavirus pause

Photo: Shutterstock
United States

Healthy US economy failed to narrow racial gaps in 2019

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)
Money

Soaring wealth during pandemic highlights rising inequality

Federal Reserve Chair Jerome Powell takes off his face mask to testify during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)
United States

Jerome Powell faces lawmakers’ skepticism on some Fed aid programs

Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. | Kyle Grillot, Bloomberg via Getty Images
Leaders

Jane Fraser to become Citi CEO; 1st woman to lead major bank

Bloomberg photo by Luke Sharrett
Money

Consumer prices up 0.4% in August as used car prices surge

Kathy Collins, left, of Appleton and Donna Christie of Sherwood shop for produce at Festival Foods on Van Roy Road in Appleton. | Dan Powers/USA TODAY NETWORK-Wisconsin
Money

US wholesale prices rise 0.3% in August as food costs drop

A man walks by stores in Niles, Ill. The Commerce Department released data Thursday showing that second-quarter gross domestic product plunged by 9.5 percent, the fastest drop in modern record-keeping. (Nam Y. Huh/AP)
United States

Fed survey finds widespread pessimism about economic future

A Soupergirl employee gets his temperature checked before entering the restaurant. | Courtesy: Soupergirl
Entrepreneurs

Business owners tap into savings to withstand pandemic

FILE - In this March 24, 2020 file photo, a Chase bank employee, right, disinfects the branches ATMs to fend off coronavirus as a customer uses another in the Flushing neighborhood of the Queens borough of New York. (AP Photo/Mary Altaffer, File)
Money

Bank profits slump 70% as virus rakes businesses, households

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