business news

This inflation-focused ETF may be in a sweet spot

It’s an exchange-traded fund designed to profit from higher rates. But even if the Federal Reserve starts to cut this…

Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting

OMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for guests…

The rule capping credit card late fees at $8 is on hold — here’s what it means for you

The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule…

Target says Pride collection will appear in ‘select’ stores, cuts LGBTQ apparel for kids

Target will limit which stores sell LGBTQ-themed products following last year’s firestorm over its decision to sell products designed for…

Sweetgreen shares soar 34% after company beats revenue expectations

Sweetgreen shares surged nearly 34% on Friday after the company topped Wall Street’s revenue expectations for the fiscal first quarter…

Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86

Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in…

Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans

At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…

Biden and Netanyahu’s fraught relationship hits new low after U.S. pauses weapons shipment

“It’s definitely an earthquake.” That’s how American diplomat Richard Haass described the stunning declaration by U.S. President Joe Biden that…

Trump White House aide Steve Bannon loses appeal of contempt of Congress conviction

A federal appeals court on Friday unanimously upheld the criminal contempt of Congress conviction of former Trump White House senior…