WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. A key reason for the delay in rate…
Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company, including the wireless operator’s…
American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and…
After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate…
Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to…
Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven…
Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is…
The business world is increasingly banking on artificial intelligence to be the next big thing, and has found itself…
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global…