Trump nominates Wall Street investor Scott Bessent as treasury secretary
President-elect Trump nominated Bessent, a former protégé of George Soros to be his next treasury secretary.
Wall Street
Trump picks Wall Street investor Howard Lutnick as Commerce Secretary
President-elect Trump picked Lutnick, the CEO of investment bank Cantor Fitzgerald, to be his next Commerce Secretary.
Dollar Tree to close nearly 1,000 stores as it posts a fourth quarter loss
Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years.
What a crop of upcoming IPOs from Birkenstock to Instacart tells us about the economy
A crop of IPOs are coming, starting with chip designer Arm, which is making its debut on Thursday. It's another sign of confidence in markets — and the U.S. economy.
Mattel tried to report financials. All anyone wanted to talk about was 'Barbie'
Mattel reported financial earnings Wednesday. Impacts from the Barbie movie remain to be seen, but she still stole the show.
What recession? Why stocks are surging despite warnings of doom and gloom
Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.
Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty
Investors are still hopeful that lawmakers will clinch a deal to raise or suspend the debt ceiling. That's because failure to do so could have devastating consequences in markets.
Markets are surging as fears about the economy fade. Why the optimists could be wrong
The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.
Stocks across most of Asia rise as markets eye China protests
As market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions, Asian shares were mostly higher Tuesday.
It's almost impossible to find a CEO who isn't bracing for a recession
Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.