Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks

Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue

Weekly mortgage demand drops to three-month low as rates begin climbing again

After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what

American Eagle profit soars, but sales grow slower than expected

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still,

T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal

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 stores, some of

Why everyone is suddenly talking about Nvidia, the nearly $3 trillion-dollar company fueling the AI revolution

McDonald’s might never expand CosMc’s. But the spinoff could still pay dividends.

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 just getting started. The burger

FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison

Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half

Stellantis CEO says $25,000 Jeep EV coming to the U.S. ‘very soon’

Stellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. “very soon” to better attract mainstream consumers amid slower-than-expected electric vehicle