News

Jim Chanos is being sued by a former partner accusing him of using his firm as a 'piggy bank.'

The central bank district announced Wednesday that Beth M. Hammack, 52, will take over when Loretta Mester steps down June 30.

Crypto exchange Gemini announced Wednesday that it will return $2.18 billion to users of the Earn program, which it paused withdrawals for in November 2022.

Clean energy stocks may be underperforming in the public market, but in private markets there is still appetite for companies focused on decarbonization.

The International Monetary Fund raised its forecast for China's growth this year to 5%, from 4.6% previously, due to "strong" first quarter figures and policy moves.

Cost-conscious Chinese consumers are increasingly picking cheaper tourist destinations at home instead of going overseas.

Wall Street is now required to settle stock trades faster after a new rule from the Securities and Exchange Commission takes effect Tuesday.

While Novo Nordisk and Eli Lilly have soared in the past year, Roundhill Investments sees bigger gains ahead for the GLP-1 drugmakers.

Soccer star David Beckham has signed his latest advertising deal with Alibaba's international e-commerce platform AliExpress, the business unit said Monday.

More merchants are giving discounts to consumers who pay with cash, or putting surcharges on credit card purchases.

ResortPass holds 95% of the day-guest market and has partnered with luxury hotels including the Waldorf-Astoria, JW Marriott and Fontainebleau.

More employers have adopted "automatic escalation," which raises workers' 401(k) plan savings rate over time.