Home Industry Finance

Finance

U.S. Inflation Rate Up Again in February

Federal Reserve officials were looking at potentially cutting interest rates soon if consumer prices started coming down. For now, that doesn’t seem to be the case. Consumer prices in the United...

IRS Extends Tax Deadline for Filers Affected by August Storms

The Internal Revenue Service announced tax relief for individuals and businesses in parts of Michigan affected by severe storms, tornadoes and flooding that began on Aug. 24, 2023. These taxpayers...

Fed Chair Says Rate Cuts Coming, No Hikes Expected

Fed Chair Jerome Powell said again Wednesday that the Federal Reserve will cut its key interest rate this year, though not right away. First, Powell said he wants to see...

FTC Sues to Stop Kroger, Albertson’s Grocery Merger

Apparently, the Federal Trade Commission thinks grocery prices are high enough as it is. The FTC is suing to block a proposed merger between grocery giants Kroger and Albertsons, claiming...

Survey Shows Small-Business Owners Call ’24 a “Make or Break” Year

While consumer confidence has been up recently, the same can’t necessarily be said for small-business owners, if a survey from the messaging service Slack is any indication. The survey found...

Capital One Acquires Discover in $35 Billion Deal

MCLEAN, Va. and RIVERWOODS, Ill. (PRNewswire) — Capital One Financial Corporation and Discover Financial Services  announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an...

Uber Plans $7 Billion Buyback in First Year of Profitability

Uber Technologies Inc. has reached the black ink. Uber announced it will buy back as much as $7 billion in shares, its first plan to return capital to shareholders after...

Uncertainty Remains, But Experts Think 2024 Could Be a Better Investing Year

Though there is still some uncertainty, experts believe investors are in position to withstand any economic slowdown that may come.

Powell: At Least 3 Interest Rate Cuts Likely This Year

Federal Reserve Chair Jerome Powell confirmed to a national television audience what economists have been predicting for awhile now: The Fed is still on track to cut interest rates...

Federal Reserve Leaves Interest Rates Alone, Declines to Cut

The Federal Reserve may start cutting interest rates some time this year. But not yet. The Fed left interest rates where they are following the latest FOMC meeting, seemingly indicating they...

Reports Likely to Show Strong Spending

The first estimate of real GDP for the fourth quarter of 2023 will likely show growth moderated after a robust 4.9% annualized increase in the third quarter. For 2023...

Fed Funds Rate Peaking, But Cuts Likely to Wait ‘Some Time’

Experts say the nation's core inflation rate is expected to slow to its lowest rate in more than two years.

Inflation Slowed in November; Fed Could Cut Rates in ’24

Inflation in the U.S has eased enough that the Federal Reserve announced Wednesday not only is it leaving interest rates where they are for now, that after 11 rate...

CPI Rises Slightly in November, With Gas Down But Food and Shelter Costs Up

The consumer price index rose 0.1% in November, slightly above the consensus forecast for zero inflation. From a year earlier, the CPI matched the consensus forecast to slow to...

Komatsu Acquiring Orion Township-based American Battery Solutions

Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc., a battery manufacturer headquartered in Orion Township, Mich. U.S. Komatsu...

Unwrap Success: A Jolly Guide to Year-End Tips for Family Businesses

Experts offer tax tips headed into the holiday season,

Six Flags, Cedar Fair Announce Amusement Park Merger

SANDUSKY, Ohio & ARLINGTON, Texas (Business Wire) — Cedar Fair and Six Flags Entertainment Corporation announced they have entered into a definitive merger agreement to combine in a merger of equals...

Disney Gets Remainder of Hulu for $8.6 Billion

BURBANK, Calif. — The Walt Disney Company announced it will acquire the 33% stake in Hulu currently held by Comcast, following Comcast’s November 1 exercise of its right under...

Chevron Acquires Hess in $53 Billion Deal

SAN RAMON, Calif. & NEW YORK — Chevron Corporation announced it has entered into a definitive agreement to acquire all of the outstanding shares of Hess in an all-stock transaction...

Ally Financial CEO Jeffrey J. Brown Announces Plans to Step Down

CHARLOTTE, N.C. (PRNewswire) — Ally Financial Inc. announced that Jeffrey J. Brown will be stepping down early next year after serving as Chief Executive Officer and a member of Ally's Board...
Click to access the login or register cheese