The Fed’s preferred inflation measure rose 0.2% in April, as expected

Top adviser recommends against Elon Musk’s $56B Tesla pay package

Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package and withhold

Pending home sales in April slump to lowest level since the start of the pandemic

Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the

N.Y. Fed President John Williams says inflation is too high but will start coming down soon

New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it will start

Hiring stays strong for low earners — while job growth for middle- and high-earners slows, Vanguard finds

The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned

It was a strong week for retail earnings. That doesn’t spell a consumer comeback

Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and

Tesla to recall 125,227 vehicles over faulty seat belt warning system

Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

Nissan issues ‘do not drive’ warning for 84,000 older-model vehicles over Takata air bags

Nissan has issued a ‘do not drive’ warning for about 84,000 older-model vehicles because they carry recalled Takata-made airbags. The warning affects certain

IRS announces Direct File as permanent free tax-filing option starting next year

The Internal Revenue Service announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become a permanent