07:45 AM EDT, 06/11/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a decline versus the pound, before a light data schedule. Earlier Tuesday, the National Federation of Independent Business reported that small business optimism improved in May to the highest level so far in 2024, but inflation and labor quality remain...

Three Democratic senators have called on the Federal Reserve to lower the federal funds rate, which currently stands at a two-decade high of 5.5%. What Happened: In a letter addressed to Fed Chairman Jerome Powell, Senators Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.), and John Hickenlooper (D-Colo.) emphasized the need for an interest rate cut to prevent further economic slowdown and...

01:40 PM EDT, 06/11/2024 (MT Newswires) -- US equity indexes traded mixed as technology gains helped the Nasdaq Composite grind higher amid an air of caution ahead of the June monetary policy announcement and May's inflation data. The Nasdaq Composite rose 0.2% to 17,230.6 after midday on Tuesday. The S&P 500 fell 0.2% to 5,350.2, and the Dow Jones Industrial...

(Reuters) - Forthcoming regulations will remove medical debt from the credit reports of tens of millions of Americans, U.S. Vice President Kamala Harris announced Tuesday. The proposed regulations come as Joe Biden's administration works to tout its economic policies ahead of November's elections. Economic stimulus funds are also currently being used to eliminate $7 billion medical debts held by nearly...