Mortgage giant Freddie Mac reported a $475 million net loss for the third quarter, as it sustained losses on the investments it uses to hedge against swings in interest rates. The government-controlled …
Top US banks like Citigroup, Bank of America, Goldman Sachs and JPMorgan Chase, may see their credit ratings cut, with the government viewed as less likely to provide aid in a future crisis.
BlackRock Inc.’s cash-management business has agreed to manage about $87 billion in assets for Bank of America Corp. clients as it seeks to build scale in an industry grappling with money-market fund regulations….
Fiat Chrysler’s U.S. sales rose nearly 15 percent last month as the auto industry steered toward its best October in 14 years. The Italian-American automaker reported sales of about 196,000, led by the …
China’s President Xi Jinping has said economic growth rate will not be less than 6.5 percent in the years to 2020, Reuters reported Tuesday.
Accidents happen. While there’s no doubt that Kourtney Kardashian has been looking exceptionally phenomenal as of late, including at Kendall Jenner’s birthday party Monday, she…
Many believed that Robin Williams took his own life in 2014 after a long battle with depression, but in one of her first interviews since his death, his widow, Susan Schneider, argued that Diffuse…
The near-impossible just happened: Lorde has tamed her wild mane. For most stars, a fall-winter trim may just be par for the course this time of year. But for the 18-year-old singer to…
Amy Schumer isn’t slowing down anytime soon. “There are no vacations for a very long time,” the Trainwreck star told me at the Hollywood Film Awards. “I’m all booked…
In the span of less than two weeks, Adele has rocked the music world with the release of the first single off her upcoming third studio album, 25. Despite her immediate success, the…