Four years after launching a credit card with Apple, Goldman Sachs is facing an expensive exit from a collaboration that rival lenders perceive as too dangerous and unproductive.

Dec 19, 2023 04:58 AM EST

The Wall Street Journal reported on Monday that Amazon is in discussions to invest in regional sports programming company Diamond Sports, a move that would enhance the e-commerce giant's ambitious drive into sports entertainment.

Dec 18, 2023 09:41 PM EST

As Warren Buffett once said, "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies."

Dec 18, 2023 11:30 AM EST

The Americans have not felt such excruciating inflation since 1981, when "The Jeffersons" and "The Dukes of Hazzard" were dominating the TV ratings. However, it appears that the Federal Reserve is about to overcome it, and without the severe recession and spike in joblessness that many analysts had expected would follow.

Dec 18, 2023 10:20 AM EST

Goldman Sachs said that robust US production will limit any increase in oil prices, lowering its price projection for Brent crude by $10 per barrel to between $70 and $90 in 2024.

Dec 18, 2023 09:50 AM EST

According to government officials on Friday, a "sharp rise" in the number of people experiencing homelessness for the first time contributed to homelessness in America setting a new high earlier this year.

Dec 18, 2023 09:14 AM EST

Monday marked the start of the last full trading week of 2023, and the yield on the 10-year Treasury note continued to decline.

Dec 18, 2023 06:38 AM EST

Profits from Costco's gold rush are substantial, as revealed during an earnings call on Thursday when the membership-based wholesale retailer sold an astounding $100 million worth of one-ounce gold bars in the previous quarter. Customers snatched up the gold, which sold out in hours despite ongoing inflation.

Dec 16, 2023 10:50 AM EST

On Friday, Coinbase Global submitted a petition to the U.S. Securities and Exchange Commission requesting new regulations for the digital asset industry. The largest cryptocurrency exchange in the nation said that it will file a lawsuit against the decision.

Dec 16, 2023 10:10 AM EST

The Congressional Budget Office stated on Friday that it anticipates inflation to almost reach the Federal Reserve's 2% target rate in 2024 as general growth is anticipated to slow and unemployment to climb through 2025, according to revised economic predictions for the next two years.

Dec 16, 2023 09:38 AM EST

US stock futures increased on Friday, as optimism over potential deeper and earlier interest rate reduction continued to drive the Dow toward a new high for the third consecutive day.

Dec 15, 2023 11:10 AM EST

As it battles increasing competition from low-cost online retailers Temu and Shein, both of which have their origins in the second-largest economy in the world, Amazon is extending a new offer to sellers situated in China.

Dec 15, 2023 10:20 AM EST

New York is becoming the second state in the union to shield its citizens' credit ratings from being damaged by unpaid medical debt.

Dec 15, 2023 09:50 AM EST

A roughly $6 trillion hoard of cash sitting on the sidelines is one significant element that investors watching whether markets can continue their wild run are keeping an eye on.

Dec 15, 2023 09:03 AM EST

Americans unexpectedly increased their spending from October to November as the unofficial Christmas season began, demonstrating the power of buyers despite rising costs.

Dec 14, 2023 10:05 PM EST