Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according…
Fed’s Williams says inflation is too high but will start coming down soon
NEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he…
Hiring stays strong for low earners, Vanguard finds
For lower-earning Americans, the pace of hiring remains strong, holding steady above its pre-pandemic baseline even as the demand for…
37% of Americans paid a late fee in the last 12 months, report finds
Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been…
Kohl’s stock plummets more than 20% after massive earnings miss
Kohl’s shares plummeted more than 20% Thursday after the company posted a surprise loss per share, coming in well below…
Fintech targeted by climate skeptics banks $37 million from likes of UBS, CommerzVentures
Swedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it’s raised 34 million euros ($36.9 million) from leading…
