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Fed’s Bowman backs July rate cut citing weak inflation, labor fragility
Federal Reserve Vice Chair for Supervision Michelle Bowman said Monday she would support cutting interest rates as soon…
United Auto Workers union may have lost $80 million over investment blunder: report
A strange investment blunder might have cost the United Auto Workers union a colossal $80 million, according to…
Compass sues Zillow, alleging monopoly over home listings
Real estate brokerage company Compass has filed a lawsuit against Zillow over its policy to ban private home…
Ex-TV news anchor Stephanie Hockridge convicted in COVID relief scam
Stephanie Hockridge, a former Phoenix news anchor turned fintech entrepreneur, has been convicted of conspiracy to commit wire…
US-Iran tensions slow tanker traffic through Strait of Hormuz
A growing number of cargo ships are said to be steering clear of the Strait of Hormuz, the…
Omnicom’s $13.5B deal for rival Interpublic gets FTC greenlight
Omnicom’s $13.5 billion acquisition of rival Interpublic can move forward on the condition that the new company does not enter…
Tesla shares pop 10% as Elon Musk touts ‘successful’ Robotaxi test launch in Texas
Shares of Elon Musk’s Tesla popped 10% on Monday following the debut of its self-driving “Robotaxi” fleet —…
Home sales sluggish in May as high mortgage rates sideline buyers
US existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month…
Kroger to shutter 60 stores following shock ouster of CEO, failed merger
Major grocery chain Kroger plans to close 60 underperforming stores following the ouster of its CEO and failed…
MSNBC’s Joe Scarborough defends Trump’s strikes on Iran
MSNBC anchor Joe Scarborough on Monday defended President Trump’s strikes on Iran, arguing that any past president or…