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Categories Editor's Pick

Paramount special committee extends Skydance ‘go shop’ period as it reviews Bronfman offer

Author August 23, 2024

The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of its

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Categories Editor's Pick

Philadelphia Fed President Patrick Harker advocates for interest rate cut in September

Author August 23, 2024

Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way September. Speaking to

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Categories Editor's Pick

Peloton to start charging subscribers with used equipment $95 activation fee

Author August 23, 2024

Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as

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Categories Editor's Pick

July home sales break a four-month losing streak as supply rises nearly 20% over last year

Author August 23, 2024

Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million

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Categories Editor's Pick

Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years

Author August 22, 2024

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which

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Categories Editor's Pick

U.S. added 818,000 fewer jobs than thought, adding to concerns about a slowing economy

Author August 22, 2024

U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds

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Categories Editor's Pick

Fed minutes point to ‘likely’ rate cut coming in September

Author August 22, 2024

Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut

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Categories Editor's Pick

Ford delays new EV plant and cancels electric three-row SUV as it shifts strategy

Author August 22, 2024

DETROIT — Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a

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Categories Editor's Pick

Target CEO addresses price gouging accusations in retail

Author August 22, 2024

There’s no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday. In an interview on CNBC’s “Squawk

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Categories Editor's Pick

More than 28% of Americans are searching for new jobs — the highest rate in a decade

Author August 22, 2024

A new labor market survey shows Americans have rarely felt more in need of new job opportunities — an indication of a

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