Economy

Federal Reserve officially launches new FedNow instant-payments service

The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow…

Stocks making the biggest moves midday: Netflix, American Airlines, Johnson & Johnson and more

Check out the companies making headlines in midday trading. Netflix — Netflix dropped more than 8% after reporting mixed quarterly results…

Stocks making the biggest moves premarket: Netflix, Tesla, United Airlines and more

Check out the companies making headlines before the bell. Netflix — The streaming giant shed nearly 7% after reporting mixed…

Convicted Ponzi schemer granted clemency by Trump charged with new Ponzi scheme

WASHINGTON — A New Jersey man who had his prison sentence for running a massive Ponzi scheme commuted by Donald…

Stocks making the biggest moves after hours: Netflix, Tesla, IBM and more

Check out the companies making headlines in extended trading. Netflix — The streaming giant’s shares tumbled more than 5% after…

Stocks making the biggest moves midday: Carvana, Goldman Sachs, AT&T and more

Check out the companies making headlines in midday trading. Carvana — Shares soared 40.2% after the used-car retailer reached a…

Stocks making the biggest moves premarket: Carvana, Joby Aviation, Goldman Sachs, Interactive Brokers and more

Check out the companies making headlines before the bell. Carvana — Carvana jumped 16% after the online auto retailer reached…

UK inflation rate slides to 7.9% in June, below expectations

LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually. Economists polled by Reuters…

Ukraine seeks to lure global firms from Moscow as Danone and Carlsberg assets seized

Ukraine is urging global companies to divest from Russia and relocate to its war-stricken neighbor, as Moscow continues to seize…

Stocks making the biggest moves after hours: Interactive Brokers, Western Alliance, Omnicom and more

Check out the companies making headlines after hours. Interactive Brokers — Interactive Brokers slid 2.6% after the brokerage firm’s second-quarter…