Walmart and Home Depot expect slower growth in the months ahead; authorities take down global ransomware group Lockbit; Biden administration funds $6 billion in water infrastructure improvements; Capital One wants to purchase Discover, in a deal that would create a credit card giant.
Wholesale prices rose in January; FCC bans AI robocalls; Biden administration releases new details about student debt relief plan; Japan and the United Kingdom dip into recession.
First-time claims for unemployment benefits were lower than expected earlier this month; the Biden administration gives $970 million to 114 U.S. airports; Airbus reports that revenues were up 11% in 2023.
Microsoft pointed to cyber spies working for China, North Korea, Iran and Russia; Lyft stock temporarily soars after incorrect earnings statement; Sony’s PlayStation 5 console struggles; Airbnb says booking demand remains strong.
Consumer prices rose at an annual rate of 3.1%; Treasury Department proposes money laundering rule for investment advisers; Coca-Cola improves sales in foreign markets; activist investor Icahn targets JetBlue Airways.