Finance

St. Louis Federal Reserve President James Bullard has stepped down to become dean of Purdue University's business school, the bank announced Thursday.

In June, inflation was down from the annual inflation rate of 4% in May, but it increased 0.2% on a monthly basis, according to the Bureau of Labor Statistics.

The U.S. Federal Trade Commission cannot stop Microsoft’s proposed $69 billion purchase of Activision Blizzard, California judge Jacqueline Scott Corley ruled on Tuesday.

The economy added 209,000 jobs in June, slowing from the previous month. But despite this slowdown, the Fed could still be on track to raise interest rates yet again later this year.

A blistering report by FTX CEO John J. Ray III accuses ex-CEO Sam Bankman-Fried and former top executives of lying to banks, executing false documents and hiding their wrongdoing.

Ohio-based electric pickup truck maker Lordstown Motors filed for Chapter 11 on Tuesday and is taking legal action against Taiwanese manufacturer Foxconn.

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

Inflation is pushing many Americans to cut back on summer vacations and leisure activities, according to a recent survey by ScoreSense. Some have also turned to personal loans to cover expenses.

Tech giant IBM has finalized a deal for the software provider Apptio for $4.6 billion from Vista Equity Partners, giving the tech company greater automation capabilities.

The U.S. Supreme Court on Friday ruled in favor of Coinbase's efforts to stop customer lawsuits while appealing to move the proceedings out of courts and into private arbitration.

U.S. Federal Reserve Chair Jerome Powell said the Fed expects to raise interest rates again later this year after pausing rate increases during its June meeting.

Despite evidence of job growth, 75% of Americans said they fear widespread job losses, a Morning Consult survey showed. But a strong labor market may also push the Federal Reserve to keep increasing interest rates, as Americans cope with high inflation, reports have shown.

Overstock.com's auction win includes Bed Bath & Beyond's intellectual property and mobile platform, though the home good's retailer's stores are not part of the purchase.

Walt Disney CEO Bob Iger is focused on giving company shareholders confidence despite losing his CFO and head of diversity, according to an analyst interviewed by FOX Business.

U.S. Federal Reserve Chair Jerome Powell testified before a House panel on Wednesday, saying more rate hikes are on the way, after the central bank paused hikes last week.

Tesla CEO Elon Musk told India’s Prime Minister Narendra Modi in New York City on Tuesday that the EV maker will expand into the country "as soon as humanly possible."

Builder confidence is up for the first time in 11 months, rising five points in May according to data compiled by the National Association of Home Builders (NAHB) on Monday.

Silicon Valley Bank customers in Asia having their deposits seized by the Federal Deposit Insurance Corp. and remain indebted to First Citizens Bank for loans.

The Walt Disney Company announced Senior Executive Vice President and Chief Financial Officer Christine McCarthy is stepping down.

Despite low inventory, the homes for sale are selling at a fast pace, according to a report by Redfin. Here’s what you need to know.