A Macy's store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its...
Health-care stocks fall as lawmakers, patients push for changes to their business models
Shares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients could force changes to their business models. The declining stocks include UnitedHealth Group, Cigna and CVS Health, which operate three of the nation's largest private health insurers and drug supply...
Annual inflation rate accelerates to 2.7% in November, as expected
Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers. The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday. The annual rate...
China ramps up Wall Street meetings as Trump inauguration looms
Chinese Vice Premier He Lifeng has met with several U.S. finance executives in the last month as Beijing seeks to build relationships ahead of President-elect Donald Trump's planned tariffs on China. He Lifeng is one of China's four vice premiers, and heads the ruling Chinese Communist Party's economic and...