After being driven down early in the day by data indicating ongoing deflationary pressures stemming from poor domestic demand, China's equities reversed direction and rose on Monday.

Dec 11, 2023 05:48 AM EST

According to a source familiar with the situation on Sunday, an investment consortium led by Brigade Capital and Arkhouse Management has made a $5.8 billion bid to take department store operator Macy's private.

Dec 10, 2023 10:59 PM EST

Together with a plethora of other recent economic statistics, the strong hiring indicated in Friday's employment report for November is raising expectations that the U.S. economy will have a "soft landing" next year as opposed to the much-feared recession.

Dec 10, 2023 04:50 AM EST

Amazon is taking legal action against an alleged international fraud ring accused of pilfering millions through a scheme that facilitated refunds for pricey items without the need to return them.

Dec 09, 2023 07:33 AM EST

In the tumultuous landscape of U.S. financial markets, the seven days leading up to December 6 unfolded as a continuation of withdrawals from U.S. stock funds for a second consecutive week.

Dec 08, 2023 11:10 AM EST

Understanding money and financial behaviors often involves looking beyond traditional economic indicators. Surprisingly, a new avenue for gaining insights into personal finance has emerged: observing your friends.

Dec 08, 2023 10:20 AM EST

The largest retail trade association in the country, the National Retail Federation, has updated a study from April that retracted the assertion that organized retail crime is responsible for over half of the industry's overall shrinkage. The survey evaluates total inventory loss, including theft.

Dec 08, 2023 09:25 AM EST

November saw a significant pick-up in U.S. job growth as thousands of actors and autoworkers returned to the workforce following strikes; nevertheless, the underlying trend is likely to indicate a cooling labor market.

Dec 08, 2023 07:26 AM EST

The Biden administration is putting pharmaceutical corporations on notice, telling them that if the price of some pharmaceuticals becomes too high, the government may revoke their patent protection, allowing competitors to produce their own copies.

Dec 07, 2023 09:43 PM EST

As the French wine region of Beaujolais celebrates the start of a new season, a sign in Villefranche-sur-Saône states, "There are few things in life that can't be enhanced by a fine wine."

Dec 07, 2023 09:10 PM EST

On Wednesday, the Biden administration said that it will erase an extra $4.8 billion of 80,300 students' student loan debt.

Dec 07, 2023 08:52 PM EST

In what it hopes to be the "fastest period of growth" in its 60-year history, McDonald's aims to create over 10,000 new locations worldwide by 2027, the business announced in a news release on Wednesday.

Dec 07, 2023 10:56 AM EST

For the first time in six months, China's exports increased in November, indicating that manufacturers in the second-biggest economy in the world are drawing customers with low prices in an effort to recover from a protracted decline in demand.

Dec 07, 2023 06:49 AM EST

The heads of Wall Street's largest banks appeared on Capitol Hill on Wednesday to ask senators to stop the Biden administration's proposed changes to how banks are regulated, warning that the new proposals could harm the economy at a time of geopolitical turmoil and inflation.

Dec 06, 2023 07:29 PM EST

Next year, the U.S. economy should be able to escape a recession, but economist Carl Weinberg says one of the biggest dangers to that outcome is a significant decline in consumer spending.

Dec 06, 2023 10:33 AM EST