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Bank stocks are getting slammed this week as the trade war heats up but some analysts say that selling is misplaced.

From her home overlooking Setauket Harbor on Long Island's North Shore, a motorboat bobbing at the dock, Stephanie Kelton hopes to revolutionize how the U.S. government manages the economy.

Like famed economist John Maynard Keynes, Modern Monetary Theory advocates think government has an important role in offsetting what happens when demand falls short of what's needed to keep everyone who wants a job employed. They draw also on the ideas of Hyman Minsky, who was best known for his work on financial bubbles but also noted what he felt was the inherent tendency of market systems to fall short of full employment. MMT proponents also have a distinct view about the demand for money dra

FedEx Corp confirmed on Wednesday it would terminate its contract with Amazon.com Inc for small-package ground deliveries, as the online retailer focuses on building out its own delivery network.

There are lofty ambitions: a world without tariffs, a "level playing field" and the promise of untethered growth.

The White House Office of Management and Budget is slated on Wednesday to release an interim rule for a ban on federal purchases of telecommunications equipment from five Chinese companies, including Huawei, a senior administration official said.

More than 14 million tax returns claimed the new 20% qualified business income deduction in 2018, according to IRS data through May 23. How to know if you qualify.

U.S. President Donald Trump on Wednesday said his tough stance on China's behavior in global markets would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of critical chemicals known as rare earths.

Oil prices tumbled up to 5% on Wednesday to a fresh seven-month low, extending recent heavy losses following an unexpected build in U.S. crude stockpiles and fears of lower crude demand due to deepening U.S.-China trade tensions.

General Motors Co persuaded the federal judge who oversees nationwide litigation over defective ignition switches to narrow claims by owners who said their vehicles lost value because of the defect, which has been linked to 124 deaths.

Flinks | Yves-Gabriel Leboeuf | Aug 7 2019 Consumers will soon be able to benefit from the same level of trust they get from the local bank in their hometown, wherever they are in the world. Imagine for a moment that as you settle in a foreign country, you go straight to a financial institution

Oil prices tumbled more than 4% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington's escalating trade war with Beijing.

Members of Ryanair's British pilot union voted on Wednesday in favor of strike action later this month in a dispute over working conditions, the British Airline Pilots Association (BALPA) said.

The New York Times Co fell short of Wall Street estimates for revenue on Wednesday and warned of declines in digital advertising for the rest of the year, sending its shares down 12%.

U.S. stocks fell on Wednesday, as investors reeling from rising trade tensions fled riskier assets for perceived safer havens and the bond markets signaled a higher risk of recession.