Payrolls data showing solid wage growth keeps Fed on track to hike rates
A solid employment report with stronger-than-expected wage growth for June keeps the Federal Reserve on track to raise interest rates...
US companies add nearly half a million jobs, most in over a year
US companies added almost half a million jobs in June, the most in over a year and underscoring the ongoing...
Subprime auto bondholders face possible first hit in decades
The collapse of two US auto dealers and a growing pile of delinquent car loans are threatening to deliver losses...
Europe’s carmakers are competing with retail banks for deposits
Some of Europe’s biggest carmakers are looking more and more like retail banks. Renault, Volkswagen and BMW are among those...
Rivian surges after quarterly production beats expectations
Rivian Automotive Inc. built more battery-electric vehicles last quarter than Wall Street had anticipated as the company works to ramp...
Private credit and hedge funds are flooded with loans as banks dump the debt
US regional banks and finance companies are increasingly selling off their consumer loans as funding them gets harder and more...
Citizens Financial plans more auto bond sales after exiting car lending
Citizens Financial Group Inc. plans to sell more bonds backed by prime auto loans following its first such deal last...
Bankrupt Lordstown says it’s held confidential settlement talks with SEC
Bankrupt Lordstown Motors Corp. has had confidential settlement talks with the US Securities and Exchange Commission, which has previously inquired...
