Business

Markets, economy, corporations, and the money behind the headlines.

Wall Street Rallies as Fed Signals Pause on Rate Hikes

The S&P 500 closed at a record high after Chair Powell suggested the central bank is "substantially closer" to the end of its tightening cycle.

Profits beat expectations but a surprise drop in vehicle deliveries raised questions about demand.

High mortgage rates and tight lending weighed on builder activity, particularly in the South.

Senators grilled the executive over what they called "nickel-and-dime" pricing strategies.

The proposed framework would require federal charters for major stablecoin operators.