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Five of the world’s largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said. U.S. banks JPMorgan Chase and Citigroup will pay $550 million and $925 million
This afternoon, the minutes from the Fed’s April meeting will be released. Will policy makers be shown downplaying weak first-quarter growth?
Like workers who are underemployed—holding a job but for less pay or fewer hours than they’d like—the plight of the underinsured is often overlooked by policymakers, employers and public health advocates;
Wal-Mart Stores Inc said that it would take a different approach to online growth than Amazon.com Inc by using its large network of stores as distribution points. Wal-Mart’s sluggish quarterly results that were released on Tuesday highlighted the importance of growing its online business.
Former Treasury Secretary Larry Summers tells CNBC he expects the economy to expand at a quicker pace than in the first quarter, but there are challenges.
Target is reporting a 52 percent increase in its first-quarter profit on solid sales of fashion and baby items, offering evidence that its efforts to spruce up its merchandise are paying off. The retailer, …
Gasoline is below $3 a gallon in all U.S. regions but one: the West Coast. While oil’s recent rebound boosted pump prices everywhere, California, which consumes more gasoline than New York and Florida combined, saw the biggest surge. Los Angeles drivers are paying over $4 a gallon, making it the most expensive place in the country to buy fuel.
What’s the secret to looking fabulous at 45? According to Jennifer Lopez, who graces the cover of Us Weekly’s annual Hot Bodies issue, it’s all about balance. “You hit a…
Best. TV. Team-up. Ever. TV’s best on-screen couple Mindy Kaling and Chris Messina are teaming up with Joseph Gordon-Levitt and we literally not be more excited. E! News has…
Who needs Stephen Curry in the NBA when his daughter, Riley, is clearly the real MVP here? Golden State Warrior Stephen brought out his super adorable, almost 3-year-old daughter for his…
