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  • Danielle Kaye

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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.

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...

Election Uncertainty Looms Over Hiring

Some employers say they have been wary to expand until the outcome of the presidential election is known.

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.

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.

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.

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.

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.

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.

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.