Author: Reuters

Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator’s accusations that it overcharged customers on mutual...

The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly...

The U.S. unemployment rate, which economists expect hit 19.8% in May, should be able to drop below 10% by the end of 2020 now that workers side-lined by coronavirus-related shutdowns are returning to work, U.S. Labor Secretary...

U.S. stocks opened lower on Thursday as a rally fueled by hopes of an economic rebound from a coronavirus-led downturn ran out of steam even with weekly jobless claims dipping below 2 million for the first time since...

Germany unveiled sweeping incentives for cheap electric cars, providing a boost to Volkswagen’s electric push while penalising heavy sports utility vehicles (SUVs) with new staggered taxes for polluting combustion-engined...