Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Wall Street Embraces New “Nacho” Trade Amid Hormuz Crisis
A new Wall Street phrase is rapidly spreading through financial markets as traders react to escalating tensions in the Middle East.
U.S. Job Market Defies Expectations with Strong April Hiring
The U.S. economy added 115,000 jobs in April, beating forecasts and signaling continued resilience in the labor market.
Robinhood to Buy Back Sam Bankman-Fried's Shares
Robinhood said it would buy back shares from disgraced former FTX head Sam Bankman-Fried.
Walgreens CEO Steps Down
Walgreens said its CEO Rosalind Brewer has stepped down and appointed an interim CEO while a search for a replacement is underway.
FTC Allows Amgen to Buy Horizon for $27.8 Billion
The Federal Trade Commission has given the green light to Amgen's purchase of Horizon Therapeutics.
Mortgage Rates Down This Week After Several Increases
Mortgage rates were down this week after being up for the past five weeks.
U.S. Adds 187,000 Jobs in August
U.S. job growth remained strong in August but showed signs of cooling.
Hyundai, LG to Invest Additional $2B in EV Battery Plant
Hyundai, LG to Invest Additional $2B in EV Battery Plant
All Three Stock Indexes Down in August
All Three Stock Indexes Down in August
U.S. Adds 187K Jobs in August; Unemployment 3.8 Percent
U.S. Adds 187K Jobs in August; Unemployment 3.8 Percent
U.S. Employers Added a Solid 187,000 Jobs in August in Sign of a Still-Resilient Labor Market
The nation's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed.