News

Delinquencies are rising, executives are flagging caution among shoppers, and retail sales barely increased in May after falling in April.

The deceleration bolsters the case for the Fed to lower interest rates later this year.

The lowest annualized inflation since 2022 suggests high interest rates are finally starting to work.

Combined with a second month of expansion among manufacturers, the services data pushed the S&P Global composite purchasing managers index up to a 26-month high.

The suit alleges gender-based pay discrimination, biases against women in its performance evaluation system, and maintenance of a hostile work environment.

Larry Summers: "I don't see the evidence for his belief. When you launch attacks and others respond, the whole thing can spiral."

A former employee alleges that the bank used assets forfeited by former workers for its own financial benefit instead of for plan participants.

In a sign of consumer strain, the value of retail purchases increased just 0.1% in May, after a downwardly revised 0.2% drop in April.