• Bank profits soar to record $56 billion on tax cuts

    Bank profits soared to a record $56 billion in the first three months of 2018, federal regulators announced Tuesday, as tax cuts stoked the already hot industry. Profits would have been a record even if banks’ tax rates had remained the same, Federal Deposit Insurance Corporation Chairman Martin Gruenberg...
  • US stocks edge higher as technology companies, banks rise

    NEW YORK (AP) — Technology companies and banks are rising Tuesday morning as U.S. stocks head higher for the second day in a row. Automakers are climbing after China said it will reduce auto import duties, another sign the two powers are resolving some of their differences on trade....
  • Bishop who spoke at the Royal Wedding of Prince Harry speaks out

    All eyes were on Prince Harry and Meghan Markle on their wedding day Saturday, except for the nearly 14 minutes when the Most Rev. Michael Bruce Curry made history with a soul-stirring sermon at St. George’s Chapel that is still generating buzz. “It’s been remarkable and very surprising,” Curry said today on “Good...
  • Archbishop convicted of covering up child sex abuse

    An Australian archbishop on Tuesday became the most senior Roman Catholic cleric in the world convicted of covering up child sex abuse and faces a potential two years in prison when he is sentenced next month. Magistrate Robert Stone handed down the verdict against Archbishop of Adelaide Philip Wilson...
  • For the first time in 226 years, woman to lead the NYSE

    NEW YORK – The New York Stock Exchange for the first time in its 226-year history will be led by a woman. Stacey Cunningham, who started her career as a floor clerk on the NYSE trading floor, will become the 67th president of the Big Board. That means that...
  • GM, Tesla shares rise after China says it will cut tariffs on car parts and vehicles

    A Chevrolet Equinox SUV is seen on the production line at SAIC-GM Wuhan Manufacturing Plant on April 7, 2017 in Wuhan, China. Auto stocks rose on Tuesday after China said it will slash import tariffs on some car parts and vehicles as part of ongoing trade negotiations with the...
  • House set to approve bank deregulation legislation

    Major banks — outside of money-center giants — are set to gain a measure of relief when the House of Representatives votes Tuesday on a deregulation bill. The bill, the Economic Growth, Regulatory Relief and Consumer Protection Act, not only will make the regulatory burden lighter but will help...
  • Tesla’s Model 3 Is Braking Bad, Says ‘Consumer Reports’

    Beset by bottlenecks that not only slowed its production, but also handed the company its biggest ever quarterly loss, Tesla’s Model 3 sedan has had to deliver on some big promises — beyond those given when it was announced to great fanfare and a staggering amount of preorders. So,...
  • Starbucks employees, customers express concern over new policy: ‘I can’t see how this will work’

    Starbucks announced a new policy Saturday that allows anyone to occupy the coffee shop or use the store’s facilities, even if they don’t buy anything, but many are left to wonder if it’ll have a negative impact. The “Third Place Policy” maintains that employees should consider anyone who enters...