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SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

Securities and Exchange Commission Chair Gary Gensler will resign on Jan. 20, the agency announced Thursday, paving the way for President-elect Donald…
Investing

CFPB expands oversight of digital payments services including Apple Pay and Cash App

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes…
Investing

India’s 2nd-wealthiest person charged by U.S. in $250 million bribery scheme

U.S. prosecutors have charged Gautam Adani, India’s second-richest person, with fraud over accusations that he and several alleged co-conspirators sought to pay…
Investing

McDonald’s preparing a 2025 ‘McValue’ offering

McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. The…
Investing

Mike Tyson, Jake Paul fight was the most streamed sporting event ever, Netflix says

Friday’s anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique…
Investing

Jaguar reveals glossy rebrand that features no cars and confuses the internet

It’s certainly eye-catching: A group of multiracial, gender-bending models emerge from an elevator in cutting-edge makeup and bright-colored clothing to a techno-industrial…
Investing

Disney debuts its latest cruise ship, Treasure, as part of a plan to double its fleet by 2031

The Disney fleet is expanding. Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to the Caribbean,…
Investing

Comcast announces plan to spin off cable channels, including MSNBC, CNBC and USA

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new…
Investing

Target stock falls 21% as big discounting effort falls short

Target reported earnings Wednesday that came in far below Wall Street’s expectations, something the big-box retailer attributed to slower than expected demand….
Investing

Walmart will likely raise some prices if Trump tariffs take effect, CFO says

Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed…
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