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Latest Stories

Latest Stories

Nvidia dominates in AI, but others are trying to chip away

May 22, 2024
The chipmaker's early focus on graphics processing technology created an advantage that is paying off hugely this year.
Justin Sullivan/Getty Images

Dwindling savings and changing consumer tastes have hit Target hard

May 22, 2024
Meanwhile, its competitors are doing pretty well, including Walmart, where groceries account for 60% of sales.
Most of that extra cushion in people’s savings accounts from the pandemic is now gone, says Columbia professor Brett House.
Joe Raedle/Getty Images

Employers can offer a new benefit: Matching student loan payments with 401(k) contributions

May 22, 2024
A study finds participants are likely to be better off than without the benefit.
DNY59/Getty Images

Buy Now, Pay Later platforms will soon be more regulated

May 22, 2024
The Consumer Financial Protection Bureau announced new rules today requiring companies like Afterpay and Klarna to investigate when customers dispute a charge, and issue refunds for returned products. They'll also have to provide periodic billing statements.
Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks at a Senate hearing. The CFPB recently announced new rules for Buy Now, Pay Later firms that signal the CFPB will move toward treating them like credit card providers.
Michael A. McCoy/Getty Images

Like the Fed, corporations also eagerly await economic data

May 22, 2024
This year, bigger-than-expected inflation reports are playing a role in determining when companies decide to borrow money by issuing bonds.
"A company is not going to come to market with a new bond deal unless they feel reasonably confident that that bond deal is going to go pretty well," says Winnie Cisar with CreditSights. Above, traders on the New York Stock Exchange floor.
Michael M. Santiago/Getty Images

Homes in most metropolitan areas are overvalued, a new report says. Here's why.

May 22, 2024
Normally, higher interest rates mean cheaper homes. Not this time.
Saul Loeb/AFP via Getty Images

Texas' high tech sector buzzes along amid industry downturn

May 22, 2024
High tech represents nearly 5% of state GDP and more than 9% of employment. What makes the state's sector so resilient?
Charging stations at Tesla's corporate headquarters in Austin. High tech jobs have flourished around Austin, thanks to investments from companies like Tesla.
Brandon Bell/Getty Images

For public good, not for profit.

Why home improvement retailers are going after pro contractors

May 21, 2024
Lowe’s reported that first quarter sales are down from the same period last year, but spending by professionals is up.
About 25% to 30% of Lowe’s sales are to professional contractors.
Spencer Platt/Getty Images

CEO succession can be a tricky business, and not just on TV

May 21, 2024
The pending departure of JPMorgan Chase boss Jaime Dimon highlights the difficulties of replacing the person at the top.
Jamie Dimon, the outspoken CEO of banking giant JPMorgan Chase, signaled his retirement in the next few years.
Win McNamee/Getty Images

Inflation and politics have always been connected

May 21, 2024
Rising costs have long been a concern for Americans. What's changed is how the government intervenes in prices, economist Carola Binder writes.
"The return of inflation was not only, or even primarily, an academic concern. It was, even more, a social and a political one," economist Carola Binder writes in her book "Shock Values."
Frederic J. Brown/AFP via Getty Images