Finance

‘We should be worried’: Finance leaders warn rising interest rates are squeezing low-income countries

Leaders of several global financial bodies warned that rising interest rates are increasing pressure on low-income developing countries, around 60%…

UK inflation rate surprises again with March figure holding above 10%

U.K. inflation unexpectedly remained in double-digits in March as households continued to grapple with soaring food and energy bills. The…

Stocks making the biggest moves after hours: Netflix, United Airlines, Western Alliance, Interactive Brokers and more

Check out the companies making headlines in after hours trading. Netflix — The streaming giant’s shares gained less than 1%…

Bank of America customers are spending more and that’s supporting U.S. employment, CEO says

Bank of America‘s customers are spending freely on dining, entertainment and other experiences, which in turn supports U.S. employment, CEO…

Stocks making the biggest moves midday: Southwest Airlines, Goldman Sachs, Bellus Health and more

Check out the companies making headlines in midday trading. Lockheed Martin – Shares of the aerospace and defense contractor gained…

Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives

The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as…

Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’

Atlanta Federal Reserve President Raphael Bostic said Tuesday he envisions the central bank approving one more interest rate increase before…

Bank of America CEO Brian Moynihan says he sees a relatively mild recession

Bank of America CEO Brian Moynihan said Tuesday he sees only a slight recession hitting the U.S. as consumers remain…