CVS Health Corp. was sued by a small Iowa pharmacy alleging that the health-care giant violated antitrust laws, the latest salvo in a conflict between independent drugstores and companies that manage drug plans for millions of Americans.
BMW AG has halted sales of all gasoline-powered motorcycles in North America for more than a week as the company evaluates a potential emissions-control issue.
Kraken plans to offer trading in US-listed stocks and exchange-traded funds, marking the 12-year-old company’s first foray outside its cryptocurrency roots.
(Bloomberg) — Donald Trump rode down the escalator at Trump Tower to announce he was running for president in 2015. The Fifth Avenue skyscraper had long served as the backdrop to his business success story, which in turn became the foundation for his rise in politics.
Bank of America Corp. Chief Executive Officer Brian Moynihan said his firm’s strategists are still expecting a soft landing for the US economy rather than a recession, a prediction spurred by continued strength in consumer spending.
Senator Robert Menendez of New Jersey pleaded not guilty Wednesday to federal corruption charges as demands for his resignation intensified.
France’s Mistral AI announced its first generative artificial intelligence model to compete with US leaders in AI, including Meta Platforms Inc. and Microsoft Corp.-backed OpenAI.
A US government shutdown or prolonged strike by automotive workers could slow the economy, meaning the Federal Reserve wouldn’t have to use its tools to ease price growth, Minneapolis Fed President Neel Kashkari said.
(Bloomberg) — The average monthly payment for new mortgages increased 46% in 2022 as interest rate hikes squeezed US home borrowers, according to the Consumer Financial Protection Bureau.
At least 20 people were arrested after stores in Philadelphia were vandalized and robbed on Tuesday night, adding to concern about a wave of retail thefts across the US.
