Market News Explorer

Renter groups say the plans are a positive step but warn more action will be needed to tackle unaffordable rents.

Fitch also gave some predictions on Asian central banks, such as the People's Bank of China and the Bank of Japan

Several major cities and provinces have only in the last few weeks announced details on how the trade-in program would work for residents.

It’s easy to dismiss many presidential candidates’ campaign promises as empty, because Congress would need to approve them. Tariffs are different.

Start-ups launch drinks that look and taste like coffee but they say are better for the environment.

The major averages posted weekly gains as traders aim to overcome a sluggish September.

These are the stocks posting the largest moves in extended trading.

JPMorgan and Bank of America are cracking down on the industry’s infamous always-on culture.

Wholesale inflation and jobless data set the stage for a Fed rate cut next week.

Driven by new technology called OpenAI o1, the chatbot can test various strategies and try to identify mistakes as it tackles complex tasks.

In a new study, many people doubted or abandoned false beliefs after a short conversation with the DebunkBot.

Liberal commentators celebrated the megastar’s endorsement of the Democratic ticket. Conservatives either downplayed the impact Taylor Swift might have, or attacked her.

While the cable TV business is declining quickly, satellite TV is decaying even faster.

The Xbox owner announces 650 jobs will go after cutting almost 2,000 earlier this year.

Mortgage rates fell this week to their lowest level since February 2023, but not far enough to spur on the housing market amid high home prices and still-elevated rates.

The average rate on a 30-year, fixed-rate mortgage fell to 6.2% this week as investors set their sights on next week's Federal Reserve interest rate decision.

Diplomats are calling for the release of Tigran Gambaryan, an employee of the crypto exchange who was arrested in February.

The average rate on a 30-year, fixed-rate mortgage fell to 6.2% this week as investors set their sights on next week's Federal Reserve interest rate decision.

Goya Foods CEO Bob Unanue criticized the Biden-Harris administration's inflationary policies, citing price increases on his company's own items as evidence.

The average rate on a 30-year, fixed-rate mortgage fell to 6.2% this week as investors set their sights on next week's Federal Reserve interest rate decision.

Wholesale inflation and jobless data set the stage for a Fed rate cut next week.

Consumer prices are falling in pockets of the U.S. economy, in categories such as cars, household furniture and certain groceries.

The average rate on 30-year mortgages declined to 6.2 percent this week, the lowest point since early 2023.

The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty.

Former NFL great Rob Gronkowski made a trip to the Financial District in New York City on Wednesday because he heard that stocks were down and wanted to bring them up.

Nearly half of U.S. renters are considered cost-burdened, the Census Bureau says. New data shows they spent more than 30% of their income on housing costs in 2023.

A new law will ban no-fault evictions, limit rent rises and help tenants with children or pets.

Wholesale inflation and jobless data set the stage for a Fed rate cut next week.

Grayscale has published an intended four-phase product life cycle for its XRP trust, leaving open the possibility of an ETF at some point in the future.

Wholesale inflation and jobless data set the stage for a Fed rate cut next week.

Wholesale inflation and jobless data set the stage for a Fed rate cut next week.

U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from July to August. Excluding food and energy prices, which tend to fluctuate from month to month, so-called core wholesale prices moved up 0.3% from July and have risen 2.3% from August 2023.

The 73-year-old vice chairman of insurance operations sold 200 Berkshire Class A shares on Monday for roughly $139 million.

The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.

The reduction, to 3.5 percent from 3.75 percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy.

Apple's main product event didn't boost the stock much as investors assessed whether new AI features will drive the next iPhone upgrade cycle. But that's in line with its previous launches, one analyst explained.

The ChatGPT maker is closing in on another mega funding round as investors bet the boom in artificial intelligence has plenty of room to grow.

NorthEnd Private Wealth CIO Alex McGrath warns that cutting rates too quickly may cause inflation to 'spike' back up.

Rep. Andrew Clyde, R-Ga., discusses the SAVE Act as Congress grapples with the government funding bill, the presidential candidates' economic plans and the importance of Georgia in the 2024 race. (Courtesy: ABC News)

Wholesale inflation and jobless data set the stage for a Fed rate cut next week.

The row erupted when Tesco proposed firing staff at some distribution centres and rehiring them on lower pay.

Petroineos said the closure of Grangemouth was due to it being unable to compete with more modern foreign sites.

Americans in different parts of the country are experiencing vastly different inflation rates as the U.S. economy as a whole sees the pace of price growth cooling off.

Tesla makes cars. But is it a car company? Its valuation says no, and CEO Elon Musk's big plans make it a complicated — but important — question.

General Motors and the South Korean automaker say they will collaborate on new vehicles, buying parts and clean energy technologies.

An ageing population, climate change and geopolitical tensions all add pressure to the public finances, a report says.

(Bloomberg) -- A rally that’s already added over $1.3 trillion to the S&P 500 this week powered ahead as the latest economic data did little to alter bets on a series of Federal Reserve rate cuts.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFrom Louisville, a Push to Plant Trees for Public HealthFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingNYC Transit Capital Upgrades Face $27 Billio

In a wide-ranging conversation with Goldman Sachs' David Solomon, Nvidia CEO Jensen Huang addressed the potential of AI, Nvidia's business, and more.

Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.

Jonathon Adnams, who was due to leave next year, says he is proud of the company's achievements.

Accidents involving blades made by GE Vernova have delayed projects off the coasts of Massachusetts and England and could imperil climate goals.

Sales at its department stores fell in what it calls a "challenging market", but revenues at Waitrose grew.

Bunq, the Dutch digital bank, told CNBC it plans to increase its global headcount by over 70% in 2024.

A no-fault evictions ban will come in next summer, but thousands of families are already stuck in limbo.

For Chinese seeking educational opportunity, the United States has long been the top spot, but as more want to stay to work, their paths are full of roadblocks.