Amid the worsening coronavirus pandemic and mounting costs, banking major Wells Fargo & Co. is preparing to cut thousands of jobs starting later this year, Bloomberg Law reported. Citing people with knowledge of the confidential talks, the report noted...

Producer prices in the U.S. unexpectedly decreased in the month of June, according to a report released by the Labor Department on Friday. The Labor Department said the producer price index for final demand fell by 0.2 percent in June following a 0.4...

The Trump administration has proposed a new legislation that aims to block immigrants from countries with disease outbreaks who seek asylum in the United States. According to a notice published on Federal Register, the proposed rule would amend existing...

Following the pullback seen in the previous session, stocks showed a strong move back to the upside during trading on Friday.