20 top fund managers earned $67 billion in gains for investors in 2023, compared to $65 billion during the pandemic-era boom in 2021, according to research released on Monday by LCH Investments, a hedge fund.

Jan 23, 2024 06:02 PM EST

Democrats are proposing to increase taxes on businesses whose CEO salaries are at least 50 times higher than those of the average worker. They claim that this legislation is necessary to curb corporate greed.

Jan 23, 2024 01:31 AM EST

In order to restore sustainable growth and put inflation back to goal, the global economy does not require a "collapse," according to Steven Wieting, chief economist and investment strategist at Citi Global Wealth.

Jan 22, 2024 10:30 AM EST

Monday saw a further decline in oil prices as geopolitical worries in the Middle East and the attack on a Russian fuel export facility over the weekend were countered by economic headwinds that put pressure on the forecast for global oil consumption.

Jan 22, 2024 07:00 AM EST

Elon Musk's "everything app," X (previously Twitter), has stoked rumors in the cryptocurrency world regarding whether or not it will integrate cryptocurrencies by establishing a separate account for its planned payments function.

Jan 22, 2024 12:25 AM EST

Biden administration announces a groundbreaking $4.9 billion discharge in student loan debt, bringing the total relief to an impressive $136.6 billion. Read more below

Jan 21, 2024 03:58 PM EST

Reminding us how difficult 2023 was, some of the most well-known midsized lenders in the country announced significant declines in profitability during the fourth quarter. The issue is that by 2024, not much improvement is anticipated.

Jan 19, 2024 11:10 AM EST

Dinners and parties at Davos have been dominated by talk about Donald Trump, with many attendees of the World Economic Forum considering the former president's possible candidacy for president again following his overwhelming victory in the Iowa vote.

Jan 19, 2024 09:24 AM EST

A short-term budget package that would keep federal agencies funded until March and prevent an impending partial government shutdown was delivered to President Joe Biden by Congress on Thursday.

Jan 19, 2024 07:10 AM EST

The Consumer Financial Protection Bureau and the Biden administration have collaborated to present a proposed regulation that would curb bank overdraft costs, perhaps bringing them down to $3.

Jan 18, 2024 06:20 AM EST

December saw an increase in American retail spending, capping up the Christmas shopping season and the year on a positive note and indicating that consumers are still feeling secure enough to continue spending money.

Jan 18, 2024 12:19 AM EST

Gen Z is out of line with the reality of what a middle class salary in the United States is, but they are on the right track about a larger issue.

Jan 22, 2024 02:50 PM EST