Consumer Spending Weaker Than Reported, a Bad Sign for the Economy
Revised first-quarter figures show spending rose only 0.5 percent, a slowdown from the 0.6 percent growth recorded in the final quarter of 2021.
Global markets follow Wall Street down.
Persistently high inflation and the fear of recession continues to loom over stocks.
Use That Everyday A.I. in Your Pocket
Artificial intelligence powers more apps on your mobile devices than you may realize. Here’s how to take advantage of the technology — or turn it off.
Highest Mortgage Rates Since 2008 Housing Crisis Cool Sales
As the Federal Reserve tries to fight high inflation, costly mortgage rates have begun to price people out of the housing market.
Crypto Crash Widens Divide Between Rich and Amateur Traders
No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.
Why Coupons Are Harder to Find Than Ever
Brands and retailers are shifting away from the clipped newspaper discounts, and the digital version hasn’t grown fast enough to catch up.
Disney Board Renews Bob Chapek as C.E.O.
The company has faced major challenges recently, leading some to question whether Mr. Chapek would last. His contract was extended three years.
Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Ethics Exams
The S.E.C. said the cheating involved hundreds of the firm’s workers from 2017 to 2021, resulting in the largest penalty ever imposed by the agency against an auditing firm.
FTC Sues Walmart, Saying Its Money Transfer Business Enabled Fraud
From 2013 to 2018, as much as $197 million in payments that were the subject of fraud complaints were sent or received at Walmart, according to the Federal Trade Commission.
CAA Acquires Rival ICM Partners in $750 Million Deal
With companies like Apple, Amazon and Netflix muscling in on Hollywood, it’s been harder for smaller agencies to compete.
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