(Reuters) – U.S. Federal Reserve Vice Chair Lael Brainard is a leading contender for the top economic advisory position at the White House, the Washington Post reported on Wednesday, citing three people familiar with the deliberations. Brainard is currently in the number two slot at the U.S. central bank, where she commands an influential role … Read more
A forward-looking gauge of economic activity fell sharply in December, showing the U.S. economy weakened markedly as the year ended, the Conference Board reported on Monday. The business organization’s leading economic index fell 1% from November, when it dropped by 1.1%. “The US LEI fell sharply again in December – continuing to signal recession for … Read more
United Airlines reported fourth-quarter profit and revenue higher than Wall Street expectations and gave a bullish 2023 forecast that assumes people will keep traveling despite inflation and concern about the economy. After the market closed Tuesday, United said it earned $843 million in the quarter. The Chicago-based airline said it is seeing strong demand for … Read more