‘This is going to be incredibly chaotic’: Student-debt relief plan blocked in part by two federal courts
A major initiative by the Biden administration to lower student-loan payments and provide debt cancellation to more borrowers is in jeopardy after two courts temporarily...
Boeing reportedly changes up terms of offer for Spirit AeroSystems
After getting close to a more than $4 billion all-cash deal over the weekend, jet maker Boeing Co. is now proposing using stock to buy...
Rising jobless claims hint at cracks in the economy. Or do they?
Are rising jobless claims a sign of emerging weakness in the economy? Don’t bet on it — at least not yet.
Larry Summers says the Fed and investors are ‘badly wrong’ on inflation’s path
Former Treasury Secretary Larry Summers on Monday took aim at the Federal Reserve’s strategy for defeating inflation, while also taking credit for predicting last year...
Summer is here — but pool demand less so, Pool Corp. says
Swimming-pool gear distributor Pool Corp. on Monday slashed its profit outlook for this year, citing “persistently weak” demand for new pool construction, sending shares sharply...
Birkenstock’s biggest shareholder is selling millions of shares, sending them lower
Shares of Birkenstock Holding fell after hours on Monday after the iconic sandal maker said its biggest shareholder would offload some of its investments in...
Paramount to raise prices for its streaming subscribers this summer
The company, home to brands such as CBS, MTV, Nickelodeon and the Paramount film studio, said the new price will go into effect Aug. 20...
Bitcoin drops below $60k amid fresh sell-off pressure
Bitcoin (BTC) price fell more than 5% to drop below the $60,000 threshold. The declines came after news that Mt.Gox will start repaying its creditors...
Bank stocks gain after report about lighter capital requirements
Bank stocks gained Monday after Bloomberg News reported that the U.S. Federal Reserve is circulating a lighter version of its proposed capital requirements that have...