The Commerce Department on Wednesday said economic activity in the U.S. grew at an annualized rate of 1.9% in the third quarter, down slightly from the 2% pace in the second quarter.... Read more »
The S&P 500 index closed at an all-time high Monday, extending a recent string of gains in what’s mostly been a solid month for the market. AP reports: The benchmark index closed... Read more »
People in many of the world’s most advanced nations — including the United States, the euro area and Japan — are holding more of it than ever. In the U.S., for example, currency... Read more »
The U.S. economy has hit a lot of bumps in the road lately and the way forward is unlikely to get any smoother. MarketWatch reports: The first big clue will come Wednesday.... Read more »
The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank’s... Read more »
Goldman Sachs CEO David Solomon called his bank’s rollout of the Apple Card “the most successful credit card launch ever.” CNBC reports: Solomon provided investors with an update on the bank’s new... Read more »
American workers are more productive than ever, but their paychecks haven’t kept pace. Researchers with the Federal Reserve Bank of San Francisco have a culprit: robots. CBS News reports: Economists Sylvain Leduc and... Read more »
The Rockets and the NBA could have stood up for Morey, for decency, and for the protesters and their human rights. More than 2,000 have been injured in months of demonstrations that... Read more »
Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating “the greatest transfer from labor to capital” in the industry’s... Read more »
The first data from an experiment in a California city where needy people get $500 a month from the government shows they spend most of it on things such as food, clothing... Read more »