China faces a ‘lost decade’ if it fails to tackle its debts, says Ray Dalio
Billionaire investor Ray Dalio sees China heading for a ’100-year big storm.’
Another CEO is leaving Discover. The company says he wasn’t expected to be there very long anyway.
Michael Rhodes, who is taking the CEO job at Ally Financial, was “not expected to have a long-term role” as Discover’s tie-up with Capital One...
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to...
GE Vernova, Solventum to join S&P 500 index next week
Newly minted GE Vernova and Solventum Corp., both soon to be officially spun off from two industrial giants, are hitting it big early: They are...
Walmart to refile paperwork on Vizio deal after ‘informal’ antitrust talks with feds
Walmart Inc. and smart-TV maker Vizio Holding Corp. said late Wednesday that they would refile paperwork related to their proposed merger.
Ending 6% commissions could create a ‘Venus flytrap situation’ for home buyers, economist says
A proposed settlement announced by the National Association of Realtors could quickly saddle home buyers with additional costs, one professor said.
Hyundai considering hybrid vehicle production at $7.6 billion Georgia EV plant
The reassessment comes amid slower-than-excepted adoption of EVs, as well as the Biden administration revising emissions rules.
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.