Obama’s Retirement Advice Rule Hit With Lawsuit From Financial Lobby Groups
A group of top industry groups filed suit Thursday to try to block the Obama administration’s incoming rules intended to protect retirement savers.
May Jobs Report: Three Things To Watch For In Friday’s Employment Data
Friday’s jobs report is the last one Fed officials will see before their June meeting. From Verizon strikers to wages, here’s what they might be watching for.
Verizon Communications Inc. (VZ), Striking Workers Reach Provisional Agreement After Six-Week Walkout
The telecom company and a union representing 40,000 of its workers brokered a provisional agreement Friday, ending a six-week strike.
US Economy: First-Quarter GDP Revised Up To 0.8 Percent From 0.5 Percent
The Commerce Department said U.S. gross domestic product in the first quarter grew at a 0.8 percent pace, up from the previous estimate of 0.5 percent.
Fed Officials Are Signaling A June Rate Hike, But Not Everyone Is Convinced
In the wake of an up-and-down first quarter, the Federal Reserve has markets bracing for a potential rate hike in June. But the economic picture isn’t so clear.
Exxon And Chevron Shareholders Vote Down Proposals On Climate Risk Outlook, Despite Strong Support
Shareholders at annual meetings Wednesday shot down measures requesting the energy giants to disclosure how they would respond to global efforts to limit climate change.
TSA Airport Wait Times: The One Big Reason Why Lines Are Getting Longer At Security Checkpoints
Accusations are flying in Washington over ever-lengthening security lines. But there’s one big reason why the TSA’s situation has grown so dismal.
Peter Thiel: Hulk Hogan’s Gawker Lawsuit Reportedly Financed By Silicon Valley Billionaire
PayPal co-founder Peter Thiel secretly funded Hulk Hogan’s successful lawsuit against the site, a report says.
Exxon, Chevron Face Unprecedented Investor Pressure Over Climate Change Disclosure
Investors are pushing Exxon Mobil and Chevron to improve their climate change risk outlooks. But top money managers have yet to exercise their pull.
Corporate Cash Hoard Reaches $1.7 Trillion, Mostly In Tech
American companies are sitting on a mountain of cash, much of it held abroad to avoid paying taxes on repatriated overseas earnings.
EgyptAir Crash Another In A Long Line Of Blows For Egypt’s Tourism-Dependent Economy
This week’s EgyptAir Flight 804 tragedy adds to the numerous setbacks the nation's tourism-fueled economy has absorbed in recent years.
Why Wal-Mart (WMT) Bested Target (TGT) In The First Quarter
Rosier traffic expectations and strength in pharmacy sales gave Wal-Mart Stores the edge over rival Target after each reported first-quarter earnings this week.
Billionaire Hedge Funders Form Lobbying Group To Win Over Washington On Activist Investing
A lobbying group composed of financial titans like Pershing Square Capital's Bill Ackman are vying to win more influence on Capitol Hill.
Overtime Pay: How Many Americans Will Be Affected By Labor Department’s New Rules Up For Debate
President Obama’s executive action on overtime could mean more pay for 4.2 million more workers — or 13 million. It depends on who you ask.
Pound Surges On New Brexit Poll Showing Strong Majority Of Britons Wish To Stay In EU
A poll shows an 18-point majority of Britons want the U.K. to stay in the European Union, driving their currency to a three-week high.
George Soros Buying Gold Investments As Rising Prices Lure Investors Amid Bonanza For Miners
Rising prices have brought investors — including hedge fund luminary George Soros — back into the market.
At Embattled Lending Club, A Familiar Mix Of ‘Tone At The Top’ Troubles And Big Executive Bonuses
The online lender blamed its corporate "tone" for a recent spate of scandals. Its executive bonus structure may have had something to do with that.
Equity Crowdfunding: You Don’t Have To Be A Millionaire To Be A Venture Capitalist Anymore
New rules implemented by the Obama administration allow virtually anyone to invest in privately held startups — a privilege once reserved for the wealthy.
Consumers Are Back — But They’re Not Shopping At Malls And Department Stores
It was a crushing week for retailers like Macy’s and Kohl’s. Yet on Friday, new data showed consumer spending came roaring back in April. What gives?
Donald Trump Slams Amazon Founder Jeff Bezos Over Washington Post, Taxes
After Trump’s previous dustup with Bezos, the Amazon CEO suggested Trump take a trip to space courtesy of Bezos’ aeronautics company, Blue Origin.
First-Quarter Earnings Worst Since Financial Crisis, But Analysts Say A Recession Is Not On The Horizon
Corporate America just saw its worst quarterly profit drop since the financial crisis. But here’s why analysts remain optimistic.
Walmart (WMT) Takes Another Swipe At Amazon (AMZN) With Free Two-Day Shipping Service
The nation’s largest retailer is rolling out a subscription delivery service that seeks to rival Amazon Prime — for half the price.
Bank Of England: Brexit Could Reduce Growth, Send UK Pound Down ‘Sharply,’ Governor Mark Carney Warns
A split from the EU would hamper growth and risk rising inflation, the Bank of England cautioned in its clearest warning yet about the effects of a Brexit.
Investment Banks Promise More Than They Deliver On Corporate Deal ‘Backlogs,’ Report Says
When Wall Street sees a down quarter, banks often point to a “backlog” of corporate deals in the works. According to Fitch, investors should be wary.
Google Removing Payday Loan Ads From Its Search Engine
Citing “deceptive or harmful” business practices, the search giant said Wednesday it would stop serving ads for payday loan providers.
Corporate Crime: Justice Department Official Says Wrongdoers Won Leniency ‘Without Identifying Who Made What Mistakes’
A top Justice Department official described Tuesday how some individual wrongdoers in white-collar criminal cases might have escaped punishment.
Belgian-Brazilian Brewing Conglomerate To Rename Budweiser ‘America’
The move announced by AB InBev represents the first time the company gone so far as to formally rename the beer.
Dean Foods Acquires Friendly’s Ice Cream For $166 Million
Dean Foods, dairy giant and maker of Land O’Lakes butter, will acquire the Friendly’s ice cream retail chain for $166 million in cash.
Hedge Fund Manager Salaries: Top 25 Made Combined $13 Billion in 2015, Annual Ranking Shows
Despite a turbulent year for investment professionals, an annual ranking of top hedge fund chiefs shows big paydays for top managers.
Why It’s Good News That More Americans Are Quitting Their Jobs
Here are the two reasons economists cheer a rising “quits rate.”