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The numbers: Total consumer credit rose $1.5 billion in December, down from a $23.4 billion gain in the prior month, the Federal Reserve said Wednesday. That translates into a 0.4% annual rate, down from a 5.7% rise in the prior month.

While the reserve boost disclosed as part of its fourth-quarter update last week isn’t considered a major factor for the stock’s slide, it’s part of a move by most large regional banks to be prepared for a potential downturn.

A proposed bill in Congress would require employers with more than 10 workers to enroll their employees in IRAs.

The 2024 U.S. budget deficit is projected to come in slightly smaller than last year’s, but longer term, the deficit will continue to rise, reaching $2.6 trillion in 2034.

Rappers Snoop Dogg and Master P have accused Walmart Inc. and cereal giant Post Consumer Brands of using “diabolical actions” to drive their upstart brand, Snoop Cereal, out of business.

Investors spent 2023 fretting about the sustainability of a stock-market rally largely driven by a handful of megacap tech stocks. Those worries remain in place as the S&P 500 has returned to record territory in the new year.

Lawmakers have emphasized gaps between U.S. list prices and overseas costs for a handful of drugs made by the three drugmakers.

Hilton Worldwide Holdings Inc.’s stock rose 1.2% Wednesday, reversing its early losses as analysts focused on a fourth-quarter profit beat and news of a new partnership.

Shares of MicroCloud Hologram Inc. rocketed toward a record gain on record volume Wednesday, just days after a reverse stock split took effect that helped lift the price back above the key $1 level.

NHL legend Chris Chelios has lopped a chunk of money from his California home’s list price, but it’s still likely to net the former defenseman many millions.

Ageist advertising misses out on a key audience, critics say.

It is prudent for the Federal Reserve to take its time with interest-rate cuts, Richmond Fed President Tom Barkin tells MarketWatch.