US inflation tops forecasts, likely delaying any Fed rate cuts
US consumer prices jumped at the start of the year, dashing hopes for a continued drop in inflation and likely...
US CPI revisions confirm inflation progress at end of 2023
US inflation was about the same at the end of last year as initially reported after incorporating annual revisions, according...
NYCB in talks to offload mortgage risk, plans to sell RV loans
New York Community Bancorp has been reaching out to investors for capital to finance a large portfolio of residential mortgages...
Hertz misses estimates on EV fleet rethink, plans cost cuts
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of...
Stellantis chairman tamps down speculation of carmaker merger
Stellantis NV is focused on executing its business plans in key markets including Italy and isn’t considering a plan to...
US payrolls and wages surge, likely keeping Fed rates on hold
US employers added the most workers in a year and wages jumped in a surprise reacceleration in the labor market...
Fed holds rates steady and inches closer to cutting in future
The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though...
Toyota chairman predicts battery electric cars will only reach 30% share
Toyota Motor Corp. Chairman Akio Toyoda believes battery electric vehicles will reach at most 30% market share, with the rest...
