Fed to Propose Lowering Debit-Card Swipe Fees
The move would reduce the fees that banks receive when consumers shop with debit cards.Read More
Bond Yields Hit Fresh Highs After Hot Retail Sales Data
S&P 500 closes almost unchanged.Read More
Retail Sales Get Real
The prices for many of the goods that retailers sell have been falling.Read More
Bondholdings Become Less of a Burden at Bank of America, Other Big Banks
Fixed-rate bonds that lost value as interest rates rose can even help out in some ways.Read More
Choice Hotels Unveils $7.8 Billion Takeover Offer For Wyndham
Wyndham rejects the offer, saying it involves significant business and execution risk.Read More
Engaged Capital Builds Stake in North Face, Vans Owner
Engaged Capital has built a big stake in VF, owner of retail brands including Vans and The North Face, and plans to push for a slew of changes including steep cost cuts.Read More
Goldman Sachs Reports 33% Profit Drop
The bank is pinning much of its hopes on its asset and wealth management unit. Revenue in that business dropped 20%.Read More
Pfizer Looks for a Covid Bottom
The pharma giant has had to slash projections, but investors welcome its plans to cut costs.Read More
EVs Are on a Lithium Roller Coaster
Prices of the key battery metal have fallen by roughly 70% this year, easing battery-cost worries but casting doubt on longer-term supply.Read More
The U.S. Gets a C+ in Retirement
Social Security and 401(k) plans leave Americans less secure than retirees in much of the world, a new ranking finds.Read More
