business news

Here’s the deflation breakdown for August 2024 — in one chart

Inflation cooled in August and fell to its lowest level since February 2021, which was around the time the consumer…

NYPD Commissioner Edward Caban resigns amid federal nightclub probe

NYPD Commissioner Edward Caban resigned Thursday from his post helming the country’s largest police department amid a federal investigation into its nightclub enforcement, according…

Gilead says its twice-yearly shot cut HIV infections by 96% in trial

Gilead‘s twice-yearly shot reduced HIV infections by 96% in a second large study, the company said Thursday. The positive phase-three…

Navient reaches $120 million settlement with CFPB for misleading student loan borrowers

Student loan giant Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with…

Wholesale prices rose 0.2% in August, in line with expectations

Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets…

Navient reaches $120 million settlement with CFPB for misleading student loan borrowers

Student loan giant Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with…

Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake

Ajit Jain, Warren Buffett’s insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway, a…

U.S. Latino economic output grows to $3.6 trillion, new report finds

The U.S. Latino economy grew by 13% from $3.2 trillion in 2021 to $3.6 trillion in 2022, according to a…