What rising bond yields mean for mortgages and credit card rates
(NEW YORK) -- U.S. Treasury yields soared in recent days as the Iran war stoked inflation fears, threatening to drive up borrowing costs for... Read More.
Business
Court rules in favor of OpenAI and Sam Altman in lawsuit brought by Elon Musk
(NEW YORK) -- A court ruled in favor of OpenAI and its chief executive, Sam Altman, in a lawsuit brought by Elon Musk over... Read More.
Takeaways from Fed Chair Jerome Powell’s tenure as he steps down
(NEW YORK) -- A global pandemic that put millions of Americans out of work within days. The highest inflation in four decades. An unprecedented... Read More.
Dow crosses 50,000 as investors eye Trump-Xi summit
(NEW YORK) -- The Dow Jones Industrial Average on Thursday crossed above 50,000, shrugging off a renewed bout of inflation and an apparent impasse... Read More.
Senate confirms Fed chair nominee Kevin Warsh, ending standoff over Powell probe
(WASHINGTON) -- The Senate voted Wednesday to confirm Federal Reserve chair nominee Kevin Warsh, clearing the way for Warsh to replace central bank... Read More.
Inflation jumps to its highest level in three years
(NEW YORK) -- Inflation rose for a second consecutive month as the U.S.-Israeli war with Iran continued to send gasoline prices surging in April,... Read More.
DOJ reaches $30 million deal with PayPal over minority-owned business program
(WASHINGTON) -- PayPal has agreed to waive $30 million in processing fees in order to resolve a federal investigation into an investment program that... Read More.
Soaring fuel costs draw attention to higher prices at name-brand gas stations
(LOS ANGELES) -- A Chevron gas station in Los Angeles elicited headlines in recent weeks for charging an eye-popping $8.71 a gallon, becoming an... Read More.
Inflation report to show latest prices as fuel costs surge amid Iran war
(NEW YORK) -- An inflation report on Tuesday will provide a fresh gauge of prices as the Iran war ratchets up costs for gasoline,... Read More.
Jobs report showed hiring slowed, but exceeded expectations
(NEW YORK) -- Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U.S. government data... Read More.
Is California at risk of a gasoline shortage amid the Iran war? Experts explain
(NEW YORK) -- Sky-high gasoline prices are hammering drivers across the United States as the Iran war chokes off global oil supply. California, however,... Read More.
Apple’s $250 million class-action settlement paves way for payouts to iPhone owners
(NEW YORK) -- Apple has agreed to settle a class-action lawsuit for $250 million after the tech giant was accused of marketing Apple Intelligence... Read More.
