The Latest Breaking News on Financial Services

NEW YORK: Former president Donald Trump “knew exactly what was going on” at two of his companies accused of tax fraud, a New York prosecutor told jurors at the close of a monthlong trial.

WASHINGTON — Apple Chief Executive Officer Tim Cook, Bank of America CEO Brian Moynihan, KKR and Co. co-founder Henry Kravis and film producer Jeffrey Katzenberg were among the guests Thursday at President Joe Biden’s first state dinner honoring French President Emmanuel Macron.

WASHINGTON — The Supreme Court on Thursday refused an emergency appeal to immediately revive President Joe Biden’s student loan forgiveness plan, but agreed to rule early next year on its legality.

With inflation showing signs of slowing down and the momentum of consumer spending expected to continue beyond the holidays, fundamentally strong grocery stocks Kroger (KR), BJ’s Wholesale (BJ), Casey (CASY), and Weis Markets (WMK) could be solid investments now. Keep reading….

Austan Goolsbee, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans.

WASHINGTON — The Supreme Court on Thursday refused an emergency appeal to revive President Joe Biden’s student loan forgiveness plan, but agreed to rule early next year on its legality.

Republican-backed legal challenges have blocked president’s plan as fate rests with nation’s high court

Amid high prices and aggressive rate hikes, consumer confidence has declined for November. Moreover, several banks expect volatile economic conditions for 2023. Also, a recession hitting the U.S. economy seems likely in the coming year. Therefore, investors might avoid fundamentally weak stocks Carvana (CVNA), Opendoor Technologies (OPEN), and Skillz (SKLZ).…

Austan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced