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Danielle Kaye
Posts
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Stock Market Rallies to Its Best Week in Over a Year
President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal Reserve, pushed major stock indexes into record territory.
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If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite...
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Election Uncertainty Looms Over Hiring
Some employers say they have been wary to expand until the outcome of the presidential election is known.
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Boeing Will Sell $19 Billion in Stock Amid Costly Strike
The aerospace company, locked in a standoff with striking workers, is seeking to shore up its balance sheet and avoid a credit rating downgrade.
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Abercrombie Confronts Sex Trafficking Accusations Against Mike Jeffries, Ex-CEO
Recent sex trafficking charges against Michael Jeffries could implicate the retailer, too, as it tries to close a tumultuous chapter in its history.
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Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry
The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.
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Mike Jeffries, Former Abercrombie CEO, Arrested in Sex Trafficking Case
Mr. Jeffries and two others were arrested in connection with a federal sex-trafficking and interstate prostitution investigation.
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CVS Ousts Karen Lynch as C.E.O. and Shares Fall
Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.
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Retail Sales Surpass Expectations, Sign of Solid US Economy
A new report showing a rise in retail sales in September indicates that consumer spending, a key engine of economic growth, remains robust.
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Social Security Benefits to Climb 2.5% in 2025
The annual cost-of-living adjustment will increase monthly checks for millions of beneficiaries, including retirees and disabled workers.