business news

Achieving the ‘American dream?’ A lot of it depends on where you grow up

Where a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status.…

JPMorgan Chase stock slips after bank says CEO Jamie Dimon is selling 1 million shares

JPMorgan Chase CEO Jamie Dimon will begin to sell one million shares of the bank he runs next year, the…

Rep. George Santos pleads not guilty to new fraud, identity theft charges

Republican Rep. George Santos of New York on Friday pleaded not guilty to new criminal wire fraud and identity theft…

Maine releases names of mass shooting victims, search for suspect continues

Authorities in Maine on Friday released the names of the 18 victims who died in a mass shooting at a…

Elon Musk wants your ‘entire financial life’ on X: Report

X owner Elon Musk is attempting to create a future in which X users can use the platform for their…

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…

Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns

An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the…

Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate

Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The…

Huawei’s revenue barely rose in the third quarter, despite phone and car sales growth

BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter…