Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures…
Economy
Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’
Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted…
China likely needs more than rate cuts to boost economic growth
More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of…
FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, who headed a hedge fund affiliated with doomed crypto exchange FTX, testified against her former boyfriend Sam Bankman-Fried…
Koch network touts Mark Robinson’s policy positions with ‘thank you’ ads
A political network backed by billionaire Charles Koch has been quietly involved with advocating for Mark Robinson despite his controversial…
How Foot Locker is waging a comeback after its breakup with Nike
Foot Locker, long reliant on Nike for the bulk of it revenue, is winning over other brands as it transforms…
Trump threatens ‘200% tariff’ if John Deere moves production to Mexico
Former President Donald Trump, the Republican nominee, has made tariffs a key element of his campaign's economic policy. ...
Southwest Airlines tells staff ‘difficult decisions’ ahead in push to boost profits
Southwest will provide more detail about its plans to raise profits at an investor day on Sept. 26. ...
Boeing sweetens labor proposal in ‘best and final’ offer as strike enters second week
The new offer includes higher pay raises, reinstated annual bonuses and an increased ratification bonus, among other changes, Boeing said…