New York Community Bancorp led increase in loan-loss reserves by big regional banks as lenders brace for potential downturn
While the reserve boost disclosed as part of its fourth-quarter update last week isn’t considered a major factor for the stock’s slide, it’s part of...
Consumers slammed the brakes on borrowing in December, Fed data show
Total consumer credit rose $1.5 billion in December, down from a $23.4 billion gain in the prior month, the Federal Reserve said Wednesday. That translates...
New sports streaming bundle could be a ‘monster’ — or a dud. Here are the biggest remaining questions
Disney, Warner Bros. Discovery and Fox are launching a joint sports streaming platform, but it remains to be seen how appealing it is to consumers.
This simple calculation will show if you’re withholding enough taxes from your paycheck
If your tax refund or bill is higher than expected, it may be time to adjust your paycheck withholding. Here's how to know if you're...
Paxos and Chainlink power up PayPal’s PYUSD with price feed integration
Paxos and Chainlink integrate PYUSD Chainlink Price Feed, enhancing its trust and utility. Chainlink’s security features drive PYUSD adoption by ensuring accurate and reliable data....
Merck, J&J and Bristol Myers CEOs face drug-pricing grilling on Capitol Hill, but experts cite deeper problems under the radar
Lawmakers have emphasized gaps between U.S. list prices and overseas costs for a handful of drugs made by the three drugmakers.
Stock-market investors fear a megacap meltdown. Here’s what history says.
Investors spent 2023 fretting about the sustainability of a stock-market rally largely driven by a handful of megacap tech stocks. Those worries remain in place...
Why Snoop Dogg and Master P say Walmart and Post ‘sabotaged the success of Snoop Cereal’ in new lawsuit
Rappers Snoop Dogg and Master P have accused Walmart Inc. and cereal giant Post Consumer Brands of using “diabolical actions” to drive their upstart brand,...
U.S. budget deficit expected to shrink in 2024 before resuming its rise
The 2024 U.S. budget deficit is projected to come in slightly smaller than last year’s, but longer term, the deficit will continue to rise, reaching...