Business

Kent Nishimura/Getty Images (NEW YORK) — Americans’ credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where it stood a year ago, the […]

Karl Tapales/Getty Images (WASHINGTON) — Social media platform TikTok is hurtling toward a U.S. ban that could upend its business and frustrate more than 150 million American users — unless President-elect Donald Trump finds a way to reverse the policy. Trump, who boasts 14 million followers on TikTok, voiced opposition to the ban earlier this […]

Hispanolistic via Getty Images (WASHINGTON) — The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more than a week after the issue appeared to help former President Donald Trump win re-election. Inflation has cooled dramatically since a peak of 9% attained in 2022, now […]

Karl Tapales/Getty Images (NEW YORK) — Shares in Donald Trump’s social media company spiked after the president-elect again vowed not to sell his stake in the parent company of Truth Social and called for an investigation into “market manipulators or short sellers.” Trump Media’s stock price increased by nearly 16 percent to $32 per share […]

Noel Hendrickson/Getty Images (NEW YORK) — A surging stock market, low unemployment and robust growth — by just about every measure, the economy stood poised to deliver victory for Vice President Kamala Harris. The exception, of course, was inflation, and it appears to have overshadowed other indicators. More than two-thirds of voters say the economy […]

Anna Moneymaker/Getty Images (WASHINGTON) — The Federal Reserve on Thursday will announce its latest decision on the direction of interest rates, setting the path for borrowing costs just two days after the victory of President-Elect Donald Trump. The Fed cut its benchmark interest rate a half of a percentage point in September, dialing back its […]

Brendan Gutenschwager/Anadolu via Getty Images (NEW YORK) — The “Trump Trade” was in overdrive Wednesday, making it one for the history books on Wall Street with record finishes for all three major stock indices. The Dow Jones Industrial Average rocketed 3.6%, its biggest one day jump since November 2022. The S&P 500 shot up 2.5% […]

Richard A. Brooks via Getty Images (WASHINGTON) — As former President Donald Trump declared victory in the U.S. presidential election early Wednesday, shares of his media company, Trump Media & Technology, surged about 34% to about $45.49 in pre-market trading. With U.S. markets yet to open, early indicators appeared to show Wall Street’s bullish view […]

Stephen Maturen/Getty Images (NEW YORK CITY) — The U.S. stock market climbed higher in early trading on Tuesday, as voters rushed to the polls and the nation awaited the results of a closely contested presidential election. The S&P 500 ticked upward about 1%. The Dow Jones Industrial Average gained more than 300 points, jumping about […]

ASON REDMOND/AFP via Getty Images (SEATTLE) — Tens of thousands of striking Boeing machinists are casting ballots on Monday over whether to approve a contract offer that could end their work stoppage after seven weeks. The new offer delivers higher pay increases and a bolstered ratification bonus that would deliver each worker $12,000 if the union approves the deal, […]