Finance
Former Walmart U.S. CEO Bill Simon questions stock drop: ‘It was about as good of a quarter as any retailer could have in any environment’
Walmart's former U.S. CEO Bill Simon thinks Thursday's stock drop is bizarre.The big-box retailer lifted its full-year sales and earnings...
Read moreKansas City Fed’s Schmid shows hesitation about widely expected September rate cut
Kansas City Federal Reserve President Jeffrey Schmid expressed doubt about lowering interest rates in September, saying policymakers still have more...
Read moreDivided Fed worried about tariffs, inflation and the labor market, minutes show
Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed...
Read moreWhen ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses
When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company's tagline that...
Read moreBessent says interviews for ‘incredible group’ of potential Fed chairs will start after Labor Day
Treasury Secretary Scott Bessent said Tuesday he will begin interviewing candidates for Federal Reserve chair as soon as the White...
Read moreChina’s EV industry is spending more on factories abroad than at home for the first time
Brazilian President Luiz Inacio Lula da Silva and China's Great Wall Motor (GWM) CEO Mu Feng attend the opening of...
Read more‘Job hugging’ has replaced job-hopping, consultants say, as workers cling to current roles
Martin Barraud | OJO Images | Getty ImagesThe so-called great resignation has become the "great stay." But experts say workers...
Read moreWho will Trump pick for Fed chair? Hear from all the candidates in their own words
President Donald Trump's short list to replace Jerome Powell as Federal Reserve chair has turned into a long list of...
Read moreFed’s Goolsbee sees ‘note of unease’ as central bank looks to next interest rate move
Chicago Federal Reserve President Austan Goolsbee said Friday a mixed bag of inflation data this week coupled with lingering uncertainty...
Read moreTrump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder, sources say
The Trump administration is considering 11 candidates to replace Federal Reserve Chairman Jerome Powell when his term expires in May,...
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