As Trump’s deadline for a cap on credit card rates looms, banks have only questions and no answers
NEW YORK (AP) — President Donald Trump a week ago told the credit card industry it had until…
Banks Say U.S. Consumers Remain Resilient Despite Economic Pressures
Bank of America expects further economic growth this year. – Michael Bucher/WSJ American consumers continued to spend and…
Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds
WASHINGTON (AP) — The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome…
Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a…
Wall Streeters poised to get record bonuses in 2025: New York State comptroller
Wall Street bankers are set to rake in record bonuses this year, according to a new report from…
Trump commutes sentence of former US Rep. George Santos
NEW YORK (AP) — President Donald Trump said Friday he had commuted the sentence of former U.S. Rep.…
Is Europe’s Market About to Break Out — or Break Down?
This article first appeared on GuruFocus. European stocks are grinding through a year of hesitation. A Bloomberg survey…
Citigroup’s AI usage frees up 100,000 hours for developers a week
NEW YORK (Reuters) -Citigroup CEO Jane Fraser said the company’s use of artificial intelligence has saved time and…
Boomer and Serial Job Applicant Wants to Return to Corporate Life
Scott Thomas, 66, lives near Tampa, Florida, and earlier in his career, worked in customer service operations at…
Ferrari reveals features of first fully electric vehicle, but its financial outlook mars the debut
MILAN (AP) — Italian luxury sports carmaker Ferrari raised its 2025 guidance on Thursday in the face of…