Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the slowing in price increases was not enough yet to determine a trend and that the central bank would be…
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Business
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U.S. pharmacy chain CVS Health said on Thursday it is pulling some of the most common decongestants with phenylephrine as the only active ingredient from its shelves and will no longer sell them. The move comes…
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Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995. Total application volume fell 6.9% compared with the previous week, according to…
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Top U.S. law firm Davis Polk announced in an internal email that it had rescinded letters of employment for three law students at Harvard and Columbia universities who it believed were tied to organizational statements…
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United Airlines will change its boarding order next week by letting economy-class passengers who have selected window seats to board before those with middle and aisle seats. The company said the change could shave two minutes…
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Rite Aid has announced it will close at least 154 stores as part of its bankruptcy process. The chain had 2,253 stores as of Sept. 3, and the U.S. Bankruptcy Court in New Jersey also…
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DEARBORN, Mich. — Ford Motor Executive Chair Bill Ford on Monday warned that an ongoing strike by the United Auto Workers threatens the future livelihood of the company as well as the American automotive industry. Ford, who…
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Top U.S. law firm Davis Polk announced in an internal email that it had rescinded letters of employment for three law students at Harvard and Columbia universities who signed on to organizational statements about Israel,…
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Rite Aid, the third-largest U.S. drugstore chain, filed for Chapter 11 bankruptcy protection Sunday, and it’s likely the company will close a big chunk of its 2,000 stores. One result is that people will have…
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DETROIT — The United Auto Workers union isn’t adding any factories to those that are now on strike, but its president says more walkouts could begin at any moment. Until this week the union had…