Finance

The share of U.S. dollars in foreign-exchange reserves of global central banks has slipped in recent years, but it still accounts for nearly 60% of the total.

The culprit responsible for high inflation was profligate government spending in the form of multitrillion-dollar spending bills sold as "COVID relief" and "infrastructure."

Federal Reserve Bank of St. Louis President James Bullard said Thursday that banks will not tighten credit enough to send the U.S. economy into a recession.

According to SEC filing, advisers of the Miller Value Partners Appreciation ETF say the fund has an above-average probability to outperform the S&P 500 over a multi-year time horizon.

Sweetgreen announced it will rename its new menu item, the Chipotle Chicken Burrito Bowl, to Chicken + Chipotle Pepper Bowl after Chipotle Mexican Grill sued the fast casual restaurant chain in a California Federal Court for violating their trademark rights.

Amid a banking crisis and the hawkish Fed strategy to raise interest rates and cool inflation, the U.S. dollar is predicted to weaken further in 2023.

Automaker Honda is recalling 564,00 CR-Vs in cold weather states because road salt can cause the frame to rust and rear suspension parts to come loose and fall off.

Bed Bath & Beyond announced a $120 million vendor consignment program with ReStore Capital that the struggling retailer hopes will help it keep inventory on the store shelves.

For the first time, two active athletes have made Forbes' sports billionaires list. Tiger Woods and LeBron James reached the milestone.

Bloomberg, a leading business and financial information company, has unveiled a new artificial intelligence (AI) learning model called BloombergGPT, which will assist financial professionals with a variety of natural language-processing tasks.

Shares of McDonald’s are extending gains after closing at a record high on Thursday following analyst upgrades.

Shares for F45 Training Holdings are up following the company’s announcement to add Tom Dowd as CEO and Hollywood actor and producer Mark Wahlberg as Chief Brand Officer.

After rising interest rates and fear of a recession mounted in 2022, Wall Street bonuses fell 26%.

Credit Suisse accused of concealing over $700M from government amid rescue takeover from rival UBS and helping rich Americans evade taxes.

The European Union imported more oil from the U.S. than Russia in December 2022, marking the EU's shift away from Russian energy following its invasion of Ukraine.

A survey from the Conference Board on Tuesday showed the Consumer Confidence Index went up in March, rising to 104.2 from 103.4 in February.

The FDIC announced on Monday that First Citizens Bancshares Inc. is acquiring large pieces of SVB more than two weeks after the lender’s collapse caused turmoil in the banking system.

Valley National Bank and First Citizens BancShares have reportedly submitted bids for the failed Silicon Valley Bank following it's collapse earlier this month.

Over three-quarters of Americans expressed a lack of confidence their children's lives will be better compared to theirs, a Wall Street Journal-NORC poll showed.

Shares for Deutsche Bank are down Friday amid concerns the German bank will pay higher costs for financial derivatives, called credit default swaps that insure bondholders against banks defaulting on debt.