News
Fed minutes indicate there’s no rate cut on the horizon
The official minutes from the April 30-May 1 policy meeting of the Federal Open Market Committee were released Wednesday, showing...
Housing affordability crisis heightens in April
The median price of an existing home increased 5.7% in April from a year ago to $407,600, according to a...
Target earnings drop as consumers pull back on unnecessary purchases
Sales have dropped at Target for the fourth consecutive quarter, the retailer reported on Wednesday, with the most recent quarter...
British regulators fine Citi $78M
The UK's Prudential Regulation Authority and Financial Conduct Authority has fined Citigroup $78.5 million (61.6 million pounds) over a series...
CFPB: BNPL companies must adhere to credit card rules
Buy Now, Pay Later (BNPL) lenders must follow some credit card consumer protection rules, the Consumer Financial Protection Bureau said...
Alabama Mercedes-Benz workers reject union membership
Mercedes-Benz employees in Alabama voted against forming a union, dealing a blow to the United Autoworkers Union's efforts to spread...
Wealthy Americans start pulling back spending
Despite high inflation and other economic woes, household wealth in America has swelled in recently years. As such, many consumers...
Under Armour to lay off employees as part of restructuring
Led by Founder and CEO Kevin Plank, Under Armour is going through a restructuring as a result of dwindling sales...
In a signal of the economy’s health, the Dow tops 40,000 points for the first time
For the first time in history, the Dow Jones Industrial Average surpassed 40,000 points on Thursday, a mark of a...
Supreme Court upholds CFPB funding mechanism
After being challenged by the payday loan industry, the Consumer Financial Protection Bureau's funding mechanism was declared constitutional by the...
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