Wednesday saw an almost 2% decline in oil prices, offsetting the gains of the previous day as investors kept an eye on events in the Red Sea, where merchants are returning after further attacks on Tuesday.

Dec 28, 2023 07:37 PM EST

Predictions regarding 2023 were almost unanimous: a recession was on the horizon. As the year draws to an end, the anticipated economic slowdown has not materialized.

Dec 27, 2023 09:17 AM EST

The Federal Reserve is getting closer to its target of getting inflation back to 2%, according to inflation figures released on Friday. This puts the central bank on the path to lowering interest rates.

Dec 26, 2023 09:23 AM EST

There is a reckoning coming for the vaping industry. Concerned about the growth in youth vaping and nonsmokers developing addictions, governments are moving to prohibit the sale of disposable vaporizers.

Dec 26, 2023 04:59 AM EST

A specialized agricultural and agribusiness bank predicts that customers will likely see a massive price increase for raw commodities affected by El Niño in 2023. Thus far this year, soft commodities have seen enormous gains.

Dec 25, 2023 09:38 PM EST

Stocks in the United States finished down on Wednesday after a sharp mid-afternoon drop stopped Wall Street's remarkable run, which had been fueled by lowering interest rates and the Federal Reserve's dovish tilt.

Dec 20, 2023 10:25 PM EST

Four years after launching a credit card with Apple, Goldman Sachs is facing an expensive exit from a collaboration that rival lenders perceive as too dangerous and unproductive.

Dec 19, 2023 04:58 AM EST

The Wall Street Journal reported on Monday that Amazon is in discussions to invest in regional sports programming company Diamond Sports, a move that would enhance the e-commerce giant's ambitious drive into sports entertainment.

Dec 18, 2023 09:41 PM EST

Goldman Sachs said that robust US production will limit any increase in oil prices, lowering its price projection for Brent crude by $10 per barrel to between $70 and $90 in 2024.

Dec 18, 2023 09:50 AM EST

Monday marked the start of the last full trading week of 2023, and the yield on the 10-year Treasury note continued to decline.

Dec 18, 2023 06:38 AM EST

Profits from Costco's gold rush are substantial, as revealed during an earnings call on Thursday when the membership-based wholesale retailer sold an astounding $100 million worth of one-ounce gold bars in the previous quarter. Customers snatched up the gold, which sold out in hours despite ongoing inflation.

Dec 16, 2023 10:50 AM EST

On Friday, Coinbase Global submitted a petition to the U.S. Securities and Exchange Commission requesting new regulations for the digital asset industry. The largest cryptocurrency exchange in the nation said that it will file a lawsuit against the decision.

Dec 16, 2023 10:10 AM EST