Wholesale inflation over past year jumps by record amount
WASHINGTON — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%.
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Stocks open higher; Citi, Wells Fargo lead gains for banks
Stocks are opening broadly higher on Wall Street Wednesday as several big companies reported results that were better than analysts were expecting. The S&P...
Wells Fargo beats expectations with $6 billion profit in 2Q
SILVER SPRING, Md. — Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues...
Technology stocks drive early gains as latest earnings flow
Big technology companies pushed U.S. stocks higher in early trading as investors reviewed the latest earnings reports and updates on rising inflation.
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Stocks give up an early gain and turn mixed on Wall Street
Stocks gave up an early gain and turned mixed on Wall Street as banks and energy companies fell while other sectors rose.
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Stocks wobble as investors digest earnings, inflation risks
Stocks wobbled in afternoon trading as investors weighed the latest corporate earning reports and the Federal Reserve's chair's comments on inflation.
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Acclaim, fundraising spread unevenly among Black colleges
ATLANTA — Two recent high-profile faculty appointments could be a fundraising and enrollment bonanza for Howard University, one of the nation’s most prestigious Black...
Fed survey: US economy strong but hindered by bottlenecks
WASHINGTON — The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks...
Bank of England ditches dividend limits on UK banks
LONDON — The Bank of England on Tuesday ditched limits on banks to pay dividends to their shareholders that were first introduced at the...
Goldman Sachs 2Q profits beat forecasts; boosts dividend
NEW YORK — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong...