Latino economist Alberto Musalem has been named as the next president and CEO of the Federal Reserve Bank of St. Louis, the bank announced Thursday.
Investment giant Fidelity believes the shares it holds of X, the platform formerly known as Twitter, are worth 71.5% less than when Musk first purchased the social media company in October 2022, according to a new securities filing.
Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought.
Elon Musk says he may restore conspiracy theorist Alex Jones’ account on X, the platform formerly known as Twitter, pending the results of an unscientific poll of his followers. The move comes after Musk previously said he would not lift ...
A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market ...
House Judiciary Committee Chairman Jim Jordan has issued a subpoena to Citibank as part of a hunt for information on whether banks shared private customer data with the FBI after the January 6 insurrection.
Comerica Bank has promoted Brandon Jones, Vice President of External Affairs, to Senior Vice President, External Affairs, reporting to Executive Vice President of Corporate Responsibility Wendy Bridges.
Soccer players at the 2023 Women’s World Cup will on average earn just 25 cents for every dollar earned by men at their World Cup last year, a new CNN analysis found.
Alpha Kappa Alpha Sorority, Inc. has made history with the grand opening of its groundbreaking financial institution, the "For Members Only" (FMO) Credit Union. The ribbon-cutting ceremony took place at the organization's headquarters in Chicago, prior to the 2023 Leadership ...
US inflation could hit the Federal Reserve’s 2% target in 2025, Bank of America CEO Brian Moynihan told CNN in an exclusive interview Tuesday
US economic growth in the first three months of the year was faster than previously estimated, the Commerce Department reported on Thursday.
GOP megadonor Harlan Crow declines to answer Democrats’ questions about financial ties to Clarence Thomas
A lawyer for GOP megadonor Harlan Crow told Senate Judiciary Chairman Dick Durbin that his committee did not have “the authority to investigate Mr. Crow’s personal friendship with Justice Clarence Thomas,” in a letter Monday night obtained by CNN.
The IRS is exploring a direct e-file system for tax returns. However, some believe the system would bring undue harm to historically marginalized communities – including Black and low-income taxpayers - based on recent reports concerning IRS enforcement actions.
Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the United States will be unable to pay all of its bills in a little over a week.
Regional bank stocks surged on Wednesday after Western Alliance reported that customer deposits are growing.