Janet Yellen walks back Biden's comments US taxpayers on hook for Baltimore bridge collapse
Treasury Secretary Janet Yellen appeared to walk back comments from President Biden that American taxpayers would foot the bill for the Francis Scott Key Bridge collapse in Baltimore.
Average Wall Street bonus dipped to $176,500 last year
Wall Street's average yearly cash bonuses declined by 2% in 2023 to $176,500, down from $180,000 the year before despite an increase in industry profits.
Wegovy, the weight-loss medication, gets FDA approval for use as heart disease prevention drug
Wegovy has been FDA-approved for heart disease prevention. The semaglutide, originally approved for weight loss, is now approved to reduce the risk of cardiovascular death, heart attack and stroke.
Should investors adjust their portfolios in a presidential election year?
The uncertainty that accompanies presidential election years can cause investors concern, but new data showing historic portfolio performance might provide some peace of mind.
S&P 500 hits 5,000 for first time; Microsoft topples Apple as world's largest company
The S&P 500, the broadest measure of the stock market, has never been higher as it cinched its first 1,000-point milestone since April 2021 but skeptics question it's sustainability.
Maersk pauses Red Sea voyages a day after Houthis attack ship
Maersk said it will pause all voyages through the Red Sea and Suez Canal until at least Jan. 2, after one of its ships was attacked by Houthi rebels on Saturday.
S&P 500 ends 2023 just shy of record, ushering in 2024 election year
The S&P 500 and Dow Jones Industrial Average are riding into 2024 with fresh highs and optimism that stocks can keep climbing into the new year.
Shipping giant to resume Red Sea voyages with Operation Prosperity Guardian in place
Maersk, the Denmark-based shipping giant, announce plans Sunday to start sending ships through the Red Sea and Suez Canal once Operation Prosperity Guardian is in place.
Ozempic, Wegovy and other weight loss drugs present holiday challenges
Holiday prep may include forgoing doses for some people taking medications popularly used to facilitate weight loss. Those who do that need to be careful when resuming them, an expert said.
China's Xi scores 'propaganda coup' with US CEOs
Chinese President Xi Jinping, faced with a slowing economy and a strained relationship with the U.S., was feted at a dinner with some of America's most powerful CEOs, including Apple's Tim Cook and Tesla's Elon Musk.