Maskot | Maskot | Getty Images More drivers across the country are “underwater” or “upside down” on their auto loans — meaning they owe more money than the car is worth. That’s costing them when it comes time to buy a new car. About 26.6% of trade-ins toward new car purchases had negative equity in…
U.S. Secretary of Commerce Howard Lutnick speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, U.S., Sept. 11, 2025. Brendan McDermid | Reuters Commerce Secretary Howard Lutnick said Thursday that the U.S. will equally share profits with Japan from projects funded by the Asian country…
Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank’s data shows that “companies are in really great shape” and spending and debt repayment rates among all income levels has been steady, but there are signs of stress among lower…
(L-R) U.S. President Donald Trump and Rolex CEO Jean-Frederic Dufour arrive in the Rolex suite prior to the Men’s Singles Final match between Jannik Sinner of Italy and Carlos Alcaraz of Spain on Day Fifteen of the 2025 US Open at USTA Billie Jean King National Tennis Center on September 07, 2025 in New York…
Cargo containers stacked aboard a ship at the Jakarta International Container Terminal in Tanjung Priok Port on Aug. 7, 2025. Str | Afp | Getty Images The private market assets platform Yieldstreet struck a deal to recoup some of its legal expenses for an ill-fated series of marine loans — but its customers are less…
The T. Rowe Price Technology Development Center in New York, US, on Monday, May 1, 2023. Bing Guan | Bloomberg | Getty Images T. Rowe Price shares rallied Thursday after the asset manager struck a $1 billion deal with Goldman Sachs to sell private market products to retail investors. Goldman will buy up to $1…
Stephen Miran, currently the Chair of the Council of Economic Advisors, testifies before the Senate Banking, Housing and Urban Affairs Committee in Washington, D.C., on Sept. 4, 2025. Win Mcnamee | Getty Images News | Getty Images Stephen Miran will take an unpaid leave of absence as the chair of the Council of Economic Advisors at the…
Steven Chechette (C) speaks with a recruiter at the KeySource booth at the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, on April 30, 2025. Joe Raedle | Getty Images U.S. private sector hiring rose less than expected in August, data released Thursday shows, offering the latest indication…
Stephen Miran, U.S. President Donald Trump’s nominee to be chairman of the Council of Economic Advisers, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters Stephen Miran, President Donald Trump’s nominee for the open…
A “Now Hiring” sign at a Journeys store in the Brooklyn borough of New York, US, on Tuesday, June 3, 2025. Adam Gray | Bloomberg | Getty Images Job openings ticked down in July to levels rarely seen since the Covid pandemic, bolstering fears of cooling in the labor market. The Job Openings and Labor…
