Finance

Morgan Stanley CEO James Gorman announced he is stepping down from his chief executive position at the bank's annual shareholders meeting this week.

Billionaire real estate mogul Sam Zell died Thursday at age 81 after a career spanning 50 years. He founded Equity Residential in 1968 and was an active philanthropist.

New York Federal Reserve data released Monday shows household debt hit a fresh record in the first quarter of 2023 as high inflation squeezes Americans.

Home purchase sentiment increased month-over-month in April, according to the latest data by Fannie Mae. However many would-be homebuyers are still concerned over home price volatility and other factors.

Goldman Sachs unveiled a new AI-powered social media platform, named Louisa, aimed at facilitating corporate connections for employees.

The Fed has noted that the job market has a robust supply but warned that if it grew "tight" it might prompt the need for further rate hikes, which the bank is not keen to pursue.

The team for Florida Gov. Ron DeSantis released a new video that touts the governor signing legislation to ban the use of a central bank digital currency.

Gristedes CEO John Catsimatidis explained when Americans will see a break at the supermarket.

The cryptocurrency exchange Binance.US has canceled a deal to purchase the bankrupt crypto exchange Voyager Digital for $1.3 billion.

The Consumer Price Index (CPI), a measure of inflation, rose 4.9% year-over-year in April, a slowdown from the 5% increase in March, according to the Bureau of Labor Statistics (BLS).

The Swiss Federal Department of Economic Affairs has frozen approximately $8.3 billion in assets owned by the Russian Central Bank, according to a new report.

Inflation and interest rate hikes have negatively impacted Americans' financial well-being and many have made no progress in saving for retirement or building emergency funds, according to a survey by Morning Consult. Here’s what you need to know.

Gary Gensler, against advice of career workers in the SEC, is pushing to ban the short-selling of regional bank stocks, in the wake of recent collapses and falling stock prices.

Consumer and producer inflation data, and the debt ceiling, lead the week ahead for investors who will be watching Disney earnings, which may include the latest on its feud with Gov. DeSantis.

For stock investors, there are plenty of reasons to not "sell in May and go away" this year, including inflation, macro uncertainty and the banking crisis.

Berkshire Hathaway CEO Warren Buffett will answer questions for five hours during the conglomerate's annual meeting in Omaha, Nebraska on Saturday.

The economy added 253,000 jobs in April, an increase from the previous month but slower than the average gain of 290,000 in the last six months, according to the latest employment report from the Bureau of Labor Statistics (BLS).

The Federal Reserve announced another 25 basis point interest rate increase bringing the federal funds rate to a targeted range of 5% to 5.25%, the highest level in 15 years.

The Senate Banking Committee announced that it will hold a hearing this week in the wake of the failure of First Republic Bank, which was acquired Monday by JPMorgan Chase.

Shares of Uber are higher on Tuesday after the ride-sharing company reported growth in gross customer bookings and deliveries in the first quarter of 2023.