The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments. The …
Patience is a rare investor virtue. Mark Zuckerberg thinks he has the track record to ask for it.
The number of Americans filing new applications for unemployment benefits increased last week, but remained near cycle lows in a sign that the jobs market was gaining steam. Initial claims for state unemployment …
Royal Dutch Shell warned on Thursday that lower oil prices could continue for several years, as earnings fell by a third.
Uber Technologies has launched its own auto leasing subsidiary in an effort to sign up more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time. The move by Uber, announced as a pilot project on Wednesday, follows the end of its partnership with Banco Santander’s U.S. lending unit earlier this year. Uber announced the initiative but disclosed few financial details, though it
Procter & Gamble’s sales fell for the sixth straight quarter as the world’s bigger consumer goods company was weighed down by softer sales volume and unfavorable currency exchange rates. The maker of products …
Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein said U.S. markets are poised for prolonged growth and will quickly move on after a jolt from the Federal Reserve’s first interest-rate increase since 2006.
International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and “faces some downside risks.” In an online press conference Wednesday, Lagarde described …
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The Fed doesn’t have a strictly defined deadline for lifting interest rates from zero, but its preseason plan was to get there by the end of this year and September is now the focus.