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U.S. budget deficit swells to $129 billion in December
The numbers: The U.S. federal budget deficit widened to $129 billion in December, up from $85 billion in the same month last year, the Treasury Department…
NY judge orders Trump to pay legal fees to NY Times after failed lawsuit over disclosure of his tax documents
A New York judge ordered Donald Trump to pay $392,638 in legal fees to The New York Times after his failed lawsuit against the news outlet and…
‘A great deal of damage has been done’: Economist James Galbraith says the Fed should cut rates
James Galbraith, the son of famed American economist John Kenneth Galbraith — who was a close adviser to U.S. President John Kennedy — has carved out his own career outside the…
Major travel disruptions: Highest number of US flight cancellations in six months
Winter weather, combined with the grounding of Boeing 737 Max 9 aircraft, is causing major disruptions for air travel.
There have…
Japan’s Nikkei extends rally to highest point since 1990; other Asian markets muted
BANGKOK — Asian shares were mostly higher on Friday after Wall Street drifted to a mixed close. Tokyo’s benchmark extended its New Year’s rally, trading well…
Bank earnings look really bad this quarter. Here’s why
JPMorgan Chase kicked off earnings season Friday with a big miss. But that’s because of some strange accounting.
The bank’s…
Why Airline Stocks Are Worth a Flier: Passenger Demand Is Growing
U.S. flight demand is rising nicely. For legacy airlines, first-quarter results should shine—even with Boeing’s 737 Max 9 fleet temporarily grounded after an Alaska Airlines flight…
Move over Apple: Microsoft is now the most valuable publicly traded company
Microsoft is back on top.
After trailing behind Apple for the majority of the past decade, Microsoft is the world’s most valuable…
Supreme Court agrees to hear case over Starbucks’ firing of pro-union employees
The US Supreme Court on Friday agreed to hear a case in which Starbucks was ordered to re-hire pro-union workers that the coffee company had…