Today's Top Story
The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k)
Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing Read More
Business News
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Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
President Joe Biden says the Supreme Court's rejection of a conservative-led attack that could've undermined the Consumer Financial Protection Bureau is “an unmistakable win" for consumers
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Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue
Walmart is reporting another quarter of strong results as its low prices pull in shoppers scouring for discounts with inflation stubbornly high
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FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture
Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week
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Economic News
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Psychedelic therapy and workers' rights bills fail to advance in California's tough budget year
California lawmakers on Thursday voted to keep hundreds of bills from advancing for a floor vote during a tough budget year
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Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons program
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UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
The United Nations is reporting improved economic prospects since its January forecast for the global economy, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia
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Money News
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Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons program
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
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A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
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