The U.S. Labor Department says the consumer price index rose 1.9% over the past 12 months, faster than the 1.5% pace of the prior month and economists' estimates for a 1.8% increase. But excluding volatile energy and food prices, the index rose just 0.1% during the month, less than economists estimated.
Bitcoin-trading companies aren't waiting for a rebound in prices for the cryptocurrency to set up shop. They're applying at a rapid pace for regulatory approval from New York State officials - with a new license just announced for London-based Bitstamp.
The number of U.S. job openings falls in February to an 11-month low of 7.1 million, the Labor Department says, in a sign of just how drastically businesses slowed hiring in the wake of December's stock-market swoon and the 35-day federal-government shutdown, the longest in American history.
Bank of America says it will raise its minimum wage to $20 an hour from $15 now, in an effort to be a 'great place to work.'
Standard Chartered, a big U.K. lender, will include a $190 million charge in first-quarter results to pay for the settlements, on top of a $900 million reserve recorded in the fourth quarter of 2018.
JPMorgan Chase CEO Jamie Dimon says he doesn't worry about loan growth. But Wall Street analysts do - and the brokerage firm KBW is projecting a slowdown at the biggest U.S. bank this year and next - even as profit margins shrink on new and existing loans.
What I would rather invest in to get similar yields.
Bank of America said it would accelerate a branch expansion and modernization effort started three years ago -- betting that customers still want to visit physical locations even as more shoppers go online.
Healthcare giants Johnson & Johnson and Pfizer offer a tough choice for dividend investors seeking the best returns.
President Donald Trump steps up his criticism of the Federal Reserve, insisting along with his top economic adviser that the central bank should cut interest rates just hours after March employment data showed little upward pressure on wages and stronger-than-expected job creation.
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