Hot inflation data pushes market’s rate cut expectations to September
March’s consumer price index release Wednesday helped verify worries that inflation is proving stickier than thought.
Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant’s ‘transformations’
In the past year, Alibaba underwent a historic reorganization and sweeping management changes in a bid to return the Chinese technology giant to growth.
Former Trump executive Allen Weisselberg sentenced to five months in jail for perjury
The sentencing of Allen Weisselberg comes days before Donald Trump goes to trial on charges of falsifying business records for a hush money scheme.
Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index in March was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
‘On life support’: Senate Republicans are prepared to sink the child tax credit bill
Senate Republicans are inching closer to burying a bipartisan bill to expand the child tax credit and provide breaks for businesses.
Nvidia enters correction territory as stock falls 10% from all-time highs
Chipmaking giant Nvidia has seen shares fall 10% from all-time highs, placing the stock in “correction” territory.
Mortgage refinance demand surges even as rates cross back over 7%. Here’s why
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.
Sen. Bob Menendez grills Treasury official on curbing illicit finance a month before bribery trial
Bob Menendez, who faces an upcoming bribery trial, slammed the Biden administration for not stopping Iran from selling its oil to actors including China.
Woman who stole and sold Ashley Biden diary sentenced to month in jail and home detention
Project Veritas, a provocative right-wing media group, bought the stolen diary of Ashley Biden, the daughter of President Joe Biden
Alec Baldwin lost control on ‘Rust’ set and lied about his actions, prosecutors say
Prosecutors accused Baldwin of “frequently screaming and cursing at himself, at crew members” and of losing control.
