US retail sales unexpectedly rise in sign of consumer resilience
US retail sales unexpectedly rose in May, showcasing resilient consumer demand in the face of mounting economic challenges. The value...
Fed pauses rate hikes but signals more tightening to come
Federal Reserve officials paused on Wednesday following 15 months of interest-rate hikes but signaled they would likely resume tightening to...
Used-car prices may cool off in months ahead, according to industry indicators
The jump in used-car costs that propped up US inflation last month is widely expected to swing into reverse in...
US inflation report signals Fed rate pause will become a full stop
US inflation continues to cool, giving the Federal Reserve room to take a breather from interest-rate hikes this week. The...
Carvana shares soar on forecast of improved financial results
Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the struggling company said its...
Carvana cancels $1B debt swap as creditors hold out
Carvana Co. canceled a $1 billion debt swap after a group of creditors refused to exchange their notes, posing a...
US labor market sends mixed signals, giving Fed reason to pause
The US labor market sent conflicting signals in May as payrolls surged along with joblessness, giving Federal Reserve officials more...
Firm that makes personal loans to pay $20 million after deceptive claims
US regulators ordered OneMain Holdings Inc. to pay $20 million in redress and penalties, saying the personal loan installment lender...
