WASHINGTON — When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly 9 percent and showed no sign of easing. This week, Powell returns to Capitol Hill for two days of hearings under far different circumstances. ...

Eli Lilly will cut prices for some older insulins later this year and immediately give more patients access to a cap on the costs they pay to fill prescriptions. The moves announced Wednesday promise critical relief to some people with diabetes who can face thousands of dollars in annual ...

BARCELONA, Spain — The man credited with inventing the cellphone 50 years ago had only one concern then about the brick-sized device with a long antenna: Would it work? These days Martin Cooper frets like everybody else about his invention’s impacts on society — from the loss of privacy ...

WASHINGTON — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates. Fifty-eight percent of 48 ...

NEW YORK — Stocks climbed Thursday after a see-saw day on Wall Street to break out of their longest losing streak since December. The S&P 500 rose 0.5% for its first gain in five days. The Dow Jones Industrial Average gained 108 points, or 0.3%, while the Nasdaq composite added ...

NEW YORK — Stocks tumbled to their worst day in two months Tuesday, buckling under worries about higher interest rates and their tightening squeeze on Wall Street and the economy. The S&P 500 fell 2 percent for its sharpest drop since the market was selling off in December. The Dow ...