business news

GOP’s Scalise ends his bid to become House speaker as Republican holdouts refuse to back the nominee

Republican Steve Scalise ended his bid to become House speaker late Thursday after hardline holdouts refused to back the party’s nominee, throwing…

Dollar General stock jumps after it brings back former CEO to jolt slowing sales growth

Dollar General’s former CEO Todd Vasos is coming out of retirement to helm the company, which aims to rebound from…

Interest rates take center stage with banks set to report quarterly results

Bank stocks remain under pressure due to high interest rates as financial firms like Club holdings Wells Fargo (WFC) and…

Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans

American banks are closing out another quarter in which interest rates surged, reviving concerns about shrinking margins and rising loan…

Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty

In theory, getting inflation closer to the Federal Reserve’s 2% target doesn’t sound terribly difficult. The main culprits are related…

Leon Cooperman expects very little from the market and is only interested in individual stocks

Billionaire investor Leon Cooperman said he remains a bear with little interest in the broader stock market, partly because it’s underestimating the…

TransUnion settles with the FTC, CFPB for $23 million for impeding tenants’ ability to obtain housing

WASHINGTON — Two federal consumer protection agencies have reached a $23 million settlement with credit reporting firm Trans Union LLC,…

Sen. Bob Menendez charged with acting as agent of Egypt in superseding indictment

Sen. Bob Menendez has been accused of accepting bribes and acting as a foreign agent for Egypt, according to a…