The U.S. economy stumbled out of the gate in 2016 as consumers and businesses showed renewed signs of caution, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion, the worst performance in two years.
Volkswagen has reached the broad outlines of a deal with U.S. authorities over its diesel-emissions scandal. U.S. owners of nearly 500,000 2-liter diesel vehicles could see payments and a buyback under a coming court settlement.
A report by the Consumer Financial Protection Bureau offers clues to details of sweeping payday-loan regulations the agency plans to propose this spring. Officials indicated the rule would place limits on when and how lenders can gain access to the money in consumers’ bank accounts.