Federal Reserve Chair Jerome Powell said Thursday that the central bank's policymakers aren't in a rush to reduce interest rates to the so-called "neutral rate" and feel comfortable making adjustments to rates as it looks to bring inflation to its target.In an event at the Dallas Regional Chamber,...
Apple and Goldman Sachs ordered to pay $89M over Apple Card failures
The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Apple and Goldman Sachs to pay $89 million over mishandled transaction disputes and misrepresentations that impacted hundreds of thousands of Apple Card users.The CFPB found a breakdown in how...
Govt picks three new external members for MPC ahead of key RBI meet
Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy CommitteeGovt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee Govt appoints Ram...
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Dockworkers’ union walks away from negotiations with East and Gulf Coast employers
The union representing dockworkers at East and Gulf Coast ports walked away from the negotiating table with port employers this week over concerns about automation as the two sides face a mid-January deadline to finalize a deal and prevent the resumption of a strike,...
Trump Media shares rally on Election Day
Trump Media & Technology Group shares surged on Tuesday in an Election Day rebound as voters head to the polls to choose either majority shareholder former President Donald Trump or his opponent, Vice President Kamala Harris.The stock, which trades under the...
Stuart Varney: Voters are not feeling this ‘glorious’ economy
During his "My Take," Monday, "Varney & Co." host Stuart Varney discussed why most voters view the U.S. economy as largely a negative, even though its performing well in many ways and is growing faster than Europe and Japan.STUART VARNEY: The pundits are puzzled....
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Stuart Varney: Voters are not feeling this ‘glorious’ economy
During his "My Take," Monday, "Varney & Co." host Stuart Varney discussed why most voters view the U.S. economy as largely a...
Apple and Goldman Sachs ordered to pay $89M over Apple Card failures
The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Apple and Goldman Sachs to pay $89 million over mishandled...
Govt picks three new external members for MPC ahead of key RBI meet
Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy CommitteeGovt...
National Debt Tracker: American taxpayers (you) are now on the hook for $35,343,086,505,566.21 as of 9/9/24
The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of...
Trump, JD Vance and stock market momentum: Here’s why
Former President Trump officially won the GOP nomination with his vice presidential pick, Sen. JD Vance, in tow. The Republican...
Bank of America profit drops on lower interest income, outlook lifts shares
Bank of America's second-quarter profit fell as income from interest on loans shrank and provisions for potential credit losses...
Morgan Stanley’s profit jumps as investment banking recovers
Morgan Stanley's profit rose in the second quarter as investment banking activity rebounded on strength in equity and debt...
Stolen crypto via hacking increased 110% in first half of 2024 over 2023
The first half of 2024 saw hackers targeting cryptocurrency abscond with $1.38 billion, TRM Labs recently found. That total...
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
Goldman Sachs' profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting and a strong...
Trump Media shares surge 50% after assassination attempt
Shares of former President Donald Trump's media company surged Monday morning after he was injured in an assassination attempt...
Paris Olympics a drag on revenues for Air France, Delta; will cost millions
The Paris Olympics are causing a drag on revenues for two airlines.Air France-KLM Group and Delta Air Lines both said their unit...
Ro Khanna crypto roundtable seeks industry inroads for White House and Democrats
Ro Khanna wants to save the $2 trillion crypto industry from a Trump takeover. The congressman, a progressive Democrat who...
Paramount-Skydance merger: What strategies execs plan to use for streaming
Skydance Media and RedBird Capital Partners executives shed some light on what strategy they intend to use to approach Paramount...
What are the odds of Biden dropping out? Here’s what the betting markets say
A defiant President Biden insists he will be the Democratic Party's nominee in 2024 despite growing calls for him to bow out,...
Morgan Stanley’s profit jumps as investment banking recovers
Morgan Stanley's profit rose in the second quarter as investment banking activity rebounded on strength in equity and debt underwriting.Shares of...
Stolen crypto via hacking increased 110% in first half of 2024 over 2023
The first half of 2024 saw hackers targeting cryptocurrency abscond with $1.38 billion, TRM Labs recently found. That total marked a 110% increase...
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
Goldman Sachs' profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting and a strong performance in its...
Trump Media shares surge 50% after assassination attempt
Shares of former President Donald Trump's media company surged Monday morning after he was injured in an assassination attempt at a Pennsylvania...
Paris Olympics a drag on revenues for Air France, Delta; will cost millions
The Paris Olympics are causing a drag on revenues for two airlines.Air France-KLM Group and Delta Air Lines both said their unit revenues were...
Ro Khanna crypto roundtable seeks industry inroads for White House and Democrats
Ro Khanna wants to save the $2 trillion crypto industry from a Trump takeover. The congressman, a progressive Democrat who represents a district...
Paramount-Skydance merger: What strategies execs plan to use for streaming
Skydance Media and RedBird Capital Partners executives shed some light on what strategy they intend to use to approach Paramount Global’s streaming...
What are the odds of Biden dropping out? Here’s what the betting markets say
A defiant President Biden insists he will be the Democratic Party's nominee in 2024 despite growing calls for him to bow out, and the betting...
Tesla investors turn stock around; Robotaxi buzz heats up
Tesla shares are now positive for the year as downbeat investors change their tune on the outlook for Elon Musk’s electric vehicle maker with its...
Ford recalls more than 30K Mustangs due to steering issue
More than 30,700 Ford Mustangs are being recalled in response to a problem that could cause unintentional turning of their steering wheels. The...
Why Chubb caught Warren Buffett’s eye
When investors got wind of the news that Warren Buffett’s Berkshire Hathaway added Chubb to its portfolio in May, the insurer became a new celebrity...
Saks owner to buy Neiman Marcus — with help from Amazon
The parent of Saks Fifth Avenue sealed a $2.65 billion deal to buy rival Neiman Marcus, according to people familiar with the matter, creating a...
Jeff Bezos to sell $5 billion in Amazon stock after shares hit all-time high
Amazon founder Jeff Bezos on Tuesday disclosed his plans to sell some $5 billion worth of his shares in the company, the same day the e-commerce...
Tesla’s 2nd quarter deliveries better than expected
Tesla delivered more of its electric vehicles than expected in the second quarter. The Elon Musk-run company said Tuesday it completed 443,956...