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Finance

State AGs led by NY’s Letitia James pressure Meta to clean up investment scams on Facebook

June 12, 20250

New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City....

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Economy

U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago

June 12, 20250

The U.S. Department of the Treasury building is seen in Washington, D.C., on Jan. 19, 2023.Saul Loeb | Afp | Getty ImagesThe U.S. government drif...

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Earnings

Oracle shares climb 8% as earnings, revenue top estimates

June 12, 20250

From left, former Fox Corp. Executive Chairman Rupert Murdoch and Larry Ellison, Oracle's co-founder, chief technology officer and executive chai...

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Business

Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

June 12, 20250

Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee...

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Finance

Walmart is using its own fintech firm to provide credit cards after dumping Capital One

June 10, 20250

A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019.Yichuan Cao |...

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Economy

CEO recession expectations decline from April scare, survey says

June 10, 20250

Alexander Spatari | Moment | Getty ImagesBusiness leaders are walking back recessionary expectations for the U.S. that initially spiked in the af...

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Earnings

Lululemon shares tumble 20% as it cuts full-year earnings guidance, citing ‘dynamic macroenvironment’

June 10, 20250

Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a "dynamic ma...

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Business

RFK Jr. removes all members of CDC panel advising U.S. on vaccines

June 10, 20250

U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. testifies before the Senate Committee on Appropriations hearing on the Depar...

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Finance

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

June 8, 20250

Xavier Lorenzo | Moment | Getty ImagesGen Z seems to have a case of economic malaise.Nearly half (49%) of its adult members — the oldest of whom ...

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Economy

U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%

June 8, 20250

Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Lab...

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