People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose…
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Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives
Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after…
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Walmart launches new grocery brand as it tries to hang on to inflation-fueled growth
Walmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high inflation.…
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McDonald’s reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales. The company also continues to see…
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Walmart to close 51 clinics as it shutters its entire Walmart Health division
Walmart will close all 51 of its doctor-staffed health clinics as part of an announcement that its Walmart Health initiative is shutting down.…
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JPMorgan CEO Jamie Dimon hopes for soft landing for U.S. economy but says stagflation is possible
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out…
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The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave…
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Intel used to dominate the U.S. chip industry. Now it’s struggling to stay relevant.
Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 10% on Friday to…
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Peacock raising prices by $2 ahead of the Summer Olympics as streaming wars rage on
NBCUniversal streaming service Peacock plans to raise prices for its ad-free service by $2 to $13.99 a month ahead of this summer’s Olympic…
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Biden administration to require advanced safety tech on all new cars and trucks
The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology…