Articles

Macy’s results disappoint Wall Street, but executives see ‘light at the end of the tunnel’

Shares of Macy’s Inc. slid on Wednesday after the department-store chain cut its outlook and said that consumers were still skittish. Positives were hard to find, but management tried their best to highlight some.

First he lost $1,600 to fishy Zelle payments, then he couldn’t get off the payment platform. ‘This kind of stuff should not happen.’

Banks say their customers love Zelle, but lawmakers say Zelle doesn’t do enough to protect users who lose money to scams.

Fed set to cut interest rates in September, FOMC minutes show, as some officials even favored a July move

Most top Federal Reserve officials believed they should cut interest rates in September if inflation continued to slow and the labor market got any weaker.

B. Riley’s stock rallies on report of unit sale to Oaktree

Shares up 33% as report surfaces of deal for two businesses housed in its Great American Group

So your college-bound kid is clueless about money: 5 tips to prepare them

College students today can find plenty of personal-finance tips online, but they might not know what information is trustworthy.

A favored recession signal appears to be broken. Here’s what could change that.

The bond market is flashing a recession signal for a record period. But is it really broken?

Kamala Harris backs Biden’s tax proposals — including a tax on unrealized capital gains

Kamala Harris’s 2024 presidential campaign supports President Joe Biden’s economic proposals — including one that would tax unrealized capital gains for those worth more than $100 million.

Amex’s stock has been a Dow standout this year. Why BofA now urges caution.

A BofA analyst downgraded Amex shares, saying spending trends are “less than robust.”

Is gold’s record price run coming to an end? Here’s how to tell.

The rally for gold is still going strong, with most analysts expecting to see further gains, but after 30 record-high settlements so far this year, investors should start to look out for certain signs of a potential top in prices for the precious metal.

Franklin Resources’ stock drops as unit exec receives Wells notice from SEC

Ken Leech of Western Asset Management is on leave to address potential securities-law violations.

The ‘Magnificent Seven’ aren’t dominating the stock market anymore

The group of elite megacap stocks isn’t outperforming its S&P 500 peers for the first time in nearly two years, according to BMO.

Do our revocable trusts need a ‘disinterested trustee’?

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