MasterCard: Q4 earnings snapshot
PURCHASE, N.Y. — MasterCard Inc. today reported fourth-quarter net income of $2.38 billion. On a per-share basis, the company said it had profit of $2.41….
AP Wire
How Fed hikes could affect mortgages, car loans, card rates
WASHINGTON — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance…
Biden gets CEO support for economic agenda
WASHINGTON — President Joe Biden today secured the blessing of several business leaders on his economic agenda that has stalled in the Senate, part of…
General Motors to add 8,000 technical workers this year
DETROIT — There are more than 8,000 new technical job openings at General Motors, and the automaker plans to fill them during a hiring spree…
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released today after its policy meeting ended: Indicators of economic activity and employment have continued to strengthen….
Fed plans to raise rates as soon as March to cool inflation
WASHINGTON — The Federal Reserve signaled today that it plans to begin raising its benchmark interest rate as soon as March, a key step in…
Walmart-backed financial startup buys 2 companies
NEW YORK — The financial technology startup that Walmart is backing will acquire two financial companies as it tries to create one app where shoppers…
US new home sales jump in December as prices fall
SILVER SPRING, Md. — Sales of new single family homes in December rose to their highest level in 10 months as buyers took advantage of…
So long, Saturdays: More couples embrace weekday weddings
NEW YORK — The pandemic forced 30-year-old Stephanie Harnen to twice postpone her wedding. When she finally did get married, in June last year, she…
Boeing posts $4 billion loss tied to problems with 787 jet
Boeing is reporting a $4.16 billion loss for the fourth quarter as the financial fallout from production flaws in one of its best-selling planes keeps…