Powell signals Fed will raise rates if needed, keep them high
Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and...
Stellantis weighs tie-up with EV maker to expand in China, sources say
Stellantis NV is considering a tie-up with a Chinese electric vehicle company as Europe’s second-largest automaker by sales seeks to...
US core CPI posts smallest back-to-back increases in two years
A key measure of US consumer prices rose only modestly for a second month, bolstering hopes that the Federal Reserve...
Private credit firms build cash hoards to gain share of $5.2 trillion consumer debt market
Private credit firms are raising billions of dollars to grab a share of the $5.2 trillion market that includes US consumer debt,...
KKR scoops up auto loan portfolio as regional banks shed assets
Private equity giant KKR & Co. has purchased a portfolio of prime auto loans from Georgia-based Synovus Financial Corp., as...
Tesla replaces CFO as Kirkhorn ends 13 years at the EV maker
Tesla Inc. said Chief Financial Officer Zachary Kirkhorn stepped down after 13 years at the company, a surprise shakeup at...
US wage growth, lower unemployment underpin solid jobs market
US employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labor...
Aston Martin to raise £210 million from its backers to cut debt
Aston Martin Lagonda Global Holdings Plc plans to raise £210 million ($270 million) by selling new shares as the British...
