Articles

: Farfetch’s stock drops nearly 50% after company going private in doubt

Shares of Farfetch Ltd. tanked Wednesday after investors seemed to doubt reports that the luxury fashion e-commerce company would be taken private.

: CFPB’s Chopra taking aim at $130 billion in credit card interest, fees Americans paid last year

Here's how a top regulator is proposing to bring more competition to the credit card industry, as Americans increasingly turn to cards for payment.

: Vivos Therapeutics’ stock soars as sleep apnea device gets regulatory clearance

Vivos Therapeutics jumped more than 270% after the FDA cleared the company's devices for severe sleep apnea.

Washington Watch: Shein’s IPO faces frosty reception in Washington

Shein's IPO filing is sparking fresh talk in Washington that the fast-fashion company deserves considerable scrutiny for possible ties to forced labor in China, even as it has made efforts to respond to critics.

The Fed: Fed’s Barkin says he is not willing to take another rate hike off the table

The Richmond Fed president said he still needs to be convinced inflation is on a path to the 2% target.

: Banking culture has ‘completely changed’ since 2008 crash, Deutsche Bank CEO says

Christian Sewing said banks are now more risk averse as he argued lifting caps on bankers bonuses will not lead to excessive risk taking

: This is the state where borrowers have the highest average student debt

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The Fed: Fed’s Bostic says he’s more confident in his soft-landing forecast

Inflation will keep falling while economy avoids destructive downturn, the Atlanta Fed president says.

Market Extra: Wall Street strategists actually called 2023 correctly — apart from these seven stocks

Strategists weren't completely wrong about their 2023 S&P 500 forecasts, says Jim Bianco.

: UnitedHealth forecasts 2024 revenues that top expectations

UnitedHealth shares headed lower early Wednesday as the company provided its 2024 outlook

The Number One: Taylor Swift is Spotify Wrapped’s most-streamed artist in the world

Apple Music also named Taylor Swift its ‘artist of the year’ thanks to her ‘Eras Tour’ and chart-topping songs

Economic Report: GDP in the third quarter raised to 5.2% — but surge in growth is fading

The U.S. economy grew at a somewhat faster 5.2% annual pace in the third quarter, but the surprisingly strong gain appears to have been a one-off.
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