The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.Regulators late Friday seized Republic First Bancorp, a troubled Philadelphia lender, in the first U.S. bank failure this year.Re... More »
Once a staunch ally of Paramount’s biggest owner, Shari Redstone, Mr. Bakish’s relationship with her soured in recent months.Paramount is preparing to announce the departure of its chief executive, Bob Bakish, as soon as next week, according to three people wi... More »
On Fox and in other conservative outlets, the protests have given new lease to a long-running argument that students at elite universities are intolerant of conservative views.“Well, House Speaker Mike Johnson crashed Hamas’s spring break at Columbia today.”Th... More »
He heralded stock options and golden parachutes as a professor at Harvard Business School, influencing a generation of Wall Street executives.Michael C. Jensen, an economist and Harvard Business School professor whose evangelizing for stock options, golden par... More »
The proposal had been years in the making, in an effort to curb death rates of Black smokers targeted by Big Tobacco. In an election year, the president’s weak support among Black voters may have influenced the postponement.The Biden administration said on Fri... More »
Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.At the start of 2024, investors expected the Federal Reserve to cut interest rates substantially this year as inflation cooled. But price incre... More »
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The Federal Reserve’s most closely watched inflation measure remained stubborn in March, the latest evidence that price increases are not fading as quic... More »
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.ExxonMobil and Chevron, the largest American energy companies, said on ... More »
When Rogelio Villarreal bought rose-gold earrings for a price that the luxury retailer said was a mistake, he looked to a Mexican consumer protection law.Rogelio Villarreal knew nothing about the French jeweler Cartier, he said, when an ad popped up on his Ins... More »
Experts say high school seniors are more likely to go to college if they complete the financial aid form, but the state sees privacy issues with mandating it.High school seniors are more likely to attend college if they complete the federal financial aid form ... More »
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.Any move to erode the independence of the Federal Reserve would be a big shi... More »
Strong reactions to rising prices and misunderstandings about the value of money are rampant, our columnist says.Rising prices have made people grumpy. They have depressed consumer confidence, despite a growing economy and low unemployment.But exactly how infl... More »