Articles

In a filing last week with U.S. Bankruptcy Court in the District of Delaware, Rue21 said it will close all of its stores over the next two months and hold “going out of business” sales. It will also sell its intellectual property.

Paramount Global has formally begun negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management, the New York Times reported Sunday, after a 30-day exclusive negotiating window with Skydance expired Friday.

As the Fed keeps its key interest rate at a 23-year high, consumers are becoming increasingly stressed, which, if continued, could spell trouble for the U.S. stocks.

One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.

For the last several months, personal-finance guru Dave Ramsey has been telling aspiring homeowners that it’s a great time to buy a house — even though monthly housing costs are at a record high.

New York Federal Reserve President John Williams on Friday said that the U.S. central bank needed independence from the White House in order to get inflation back to its 2% target.

“While he splits his time between a part-time job and his consulting business, I’ve been unable to work for several years because of health problems.”

Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.

U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.

Paramount Global has named Chris McCarthy as interim principal executive officer of its new three-executive leadership team, the media conglomerate said.

The electric utility company replaces Pioneer Natural Resources Co. after the latter’s acquisition by Exxon Mobil Corp.

Whirlpool Corp. said Friday that it plans additional layoffs to the 1,000 it announced as part of a global restructuring plan in late April.