Breaking News: Business

DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024

DoubleLine Capital CEO Jeffrey Gundlach believes interest rates are about to trend lower as the economy deteriorates further and tips into a…

Republican Reps. Kay Granger, Ken Buck announce they won’t seek reelection

Republican Rep. Ken Buck of Colorado on Wednesday announced he will not seek reelection next year, saying he was “disappointed”…

Stanley Druckenmiller says government needs to stop spending like ‘drunken sailors,’ cut entitlements

Billionaire investor Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past…

Supermarket bank branches are closing 7 times faster than other locations

American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid…

Manhunt underway for suspect in Maine shooting that left at least 18 people dead

Law enforcement agencies are searching for the suspect in a mass shooting that left at least 18 people dead and…

Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1

Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024. Pick, a…

Mike Johnson elected House speaker, putting Louisiana Republican in the spotlight

Republican Rep. Mike Johnson of Louisiana was elected speaker of the House of Representatives on Wednesday, ending a three-week leadership…

Tucker Carlson media company signs its first ad deal

Former Fox News host Tucker Carlson’s new media company has officially signed its first advertising deal. The agreement, worth at…

Eight Republicans are vying to become the next House speaker. These are the candidates

Deeply divided Republican lawmakers this week are trying to coalesce around a nominee for speaker of the House of Representatives…

Regional bank shares slump as lenders warn of more pain from higher interest rates

Regional banks suffered a steep sell-off Friday after a number of weak quarterly earnings reports highlighting the negative impact from…