Fed’s Mester Would Have Supported Larger Rate Increase This Month

A Federal Reserve official said there was a strong case for raising interest rates by half…

Brazil’s central bank keeps key lending rate unchanged at 13.75%

Sao Paulo – Brazil’s central bank left its benchmark lending rate unchanged on Wednesday and reiterated…

Bed Bath & Beyond Misses Interest Payments Ahead of Possible Chapter 11

Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after the bank’s…

J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules

A federal appeals court rejected Johnson & Johnson’s plan to use legal tactics to push nearly…

Bed Bath & Beyond to Close 87 More Stores, Harmon Chain as Restructuring Options Narrow

Bed Bath & Beyond Inc. said Friday it is closing 87 in addition to its flagship…

Top Fed Official Sees Inflation Decline as Notable Improvement

A top Federal Reserve official said the recent decline in inflation is an important development that…

Party City Files for Chapter 11 Bankruptcy With Plans to Cut Debt

Party City Holdco Inc. filed for bankruptcy, weighed down by a confluence of factors including the…

FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets

Bankrupt cryptocurrency exchange FTX said it has unearthed more than $5 billion in cash and other…

Fed Official: ‘We Have a Lot More Work to Do’ to Bring Inflation Down

A Federal Reserve official said job growth would need to slow and the labor market to…

Richmond Fed’s Tom Barkin Says Inflation Fight Isn’t Over

Federal Reserve Bank of Richmond President Tom Barkin said the Federal Reserve’s fight against inflation is…