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United Auto Workers Open Contract Talks in Detroit

July 14, 2023 / no comments

The U.A.W., with a more confrontational leader, aims to win back wage and benefit concessions and insulate jobs from the rise of electric vehicles.

Biden Cancels $39 Billion in Student Loans for 800,000 Borrowers

July 14, 2023 / no comments

One-time credits will wipe out loans, fixing mistakes made by loan servicers when collecting payments under income-driven repayment programs.

Bond King, Felon, Billionaire Philanthropist: The Nine Lives of Michael Milken

July 14, 2023 / no comments

The former financier is putting $500 million into the Milken Center for Advancing the American Dream

Americans Are Borrowing Again, Which Is Great News for Big Lenders

July 14, 2023 / no comments

A returning appetite for debt among consumers is making life a lot easier for big banks such as JPMorgan Chase.

JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat

July 14, 2023 / no comments

It was another quarter of banner financial results for the largest lender in America.

UnitedHealth Lifts Earnings Outlook

July 14, 2023 / no comments

Healthcare and insurance company UnitedHealth Group said its revenue grew 16% to $92.9 billion in the latest quarter.

Water Bills Are Rising. Here’s What to Do About It.

July 14, 2023 / no comments

Consumers face higher costs as water systems replace old pipes and equipment. Shorter showers and water-efficient appliances can help manage the expense.

Stock Market Returns Are Deceptively High

July 14, 2023 / no comments

While stocks, bonds and money market funds have generated positive returns for the year, a quirk in the calendar is creating deceptively strong performances.

Eli Lilly to Acquire Versanis Bio, Maker of Obesity Treatment

July 14, 2023 / no comments

Versanis shareholders could receive as much as $1.925 billion in cash, in an upfront payment and additional payments if certain milestones are reached.

Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses

July 14, 2023 / no comments

The U.S. economy “continues to perform better than many had expected,” said Charlie Scharf, the bank’s chief executive, but “there will likely be continued economic slowing.”

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