business News

Edgewater Neighbors, Business Owners Sue The City Over Broadway Rezoning - Block Club Chicago

The plaintiffs are asking for the rezoning of Broadway to be overturned, saying the city violated property owners' rights.

The Club's top 10 things to watch in the stock market Wednesday - CNBC

The S&P 500 was on track for a lower open this morning as traders digested more bank earnings.

China’s trade surplus surges 20% to a record $1.2 trillion, even with Trump’s tariffs - AP News

China has reported its trade surplus surged to a record of almost $1.2 trillion last year as exports to other countries made up for slowing shipments to the United States under President Donald Trump. Customs data released on Wednesday showed that China’s glo…

Tesla to stop selling FSD as a standalone package and switch to subscription only - The Verge

Tesla CEO Elon Musk said that the company would stop selling Full Self-Driving as a standalone package and would instead switch to monthly subscription only.

Saks Global files for bankruptcy, shakes up leadership after a year of struggles - Retail Dive

Former Neiman Marcus Group chief ​​Geoffroy van Raemdonck, now CEO, is bringing on a fresh slate of executives — and has a $1.75 billion financing package to work with.

Synopsys Enters Definitive Agreement with GlobalFoundries For Sale of Processor IP Solutions Business - Synopsys

Key Highlights: Synopsys further focuses its IP resources and roadmap on extending leadership in interface and foundation IP while pursuing highest-value, AI-driven opportunities from cloud to...

Honda relaunching Acura RDX as a next-gen two-motor hybrid - The Verge

Honda is relaunching the Acura RDX SUV as a two-motor hybrid. And it confirmed that production of the all-electric RSX will commence later this year.

Next-Generation Acura RDX Will Go Hybrid - Acura Newsroom

Acura today showed a teaser of the next-generation RDX, and confirmed plans for a two-motor hybrid-electric powertrain – a first for the brand.

Wholesale inflation was softer than expected, retail sales moved higher in November - CNBC

Wholesale prices moved up less than expected while consumers kept up a heavy buying pace, according to economic data Wednesday.

Wholesale inflation remained stubbornly higher in November - CNN

Price hikes picked up speed for US-based businesses toward the end of last year, a potential signal that inflation has yet to peak and prices could soon rise faster for consumers.

BAC Earnings: Bank of America Stock Slips despite Q4 Beat on Consumer Profits - TipRanks

Shares in Bank of America (BofA) ($BAC), the second-largest bank in the U.S., trended lower in early Wednesday trading despite its fourth-quarter 2025 earnings beating Wall Street’s estimates. The consumer

Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Amazon, AppLovin, Microsoft & more - CNBC

Here are the biggest calls on Wall Street on Wednesday.

U.S. International Transactions, 3rd Quarter 2025 - Bureau of Economic Analysis (BEA) (.gov)

Current-Account Balance (Table 1)The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $22.8 billion, or 9.2 percent, to $226…

Bank of America’s Profit Climbs as Consumer Spending Rises - The Wall Street Journal

Luxury retailer Saks seeks bankruptcy protection overwhelmed by debt - ABC News

Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself after obtaining about $1.75 billion in financing commitments

Dow Jones Futures Fall Amid Wells Fargo, Citigroup, BofA Earnings; Tesla FSD To Be Subscription Only - Investor's Business Daily

Bank of America, Wells Fargo and Citigroup reported.

Citigroup profit slips as expenses rise amid sweeping overhaul - Financial Times

Chief executive Jane Fraser is pushing through bank’s biggest restructuring in more than a decade

BofA Tops Estimates as Trading Beats and Lending Revenue Rises - Yahoo Finance

Revenue from equity trading rose 23% to $2.02 billion in the final three months of the year, according to a statement Wednesday. Analysts had been expecting...

Trump’s Powell Investigation Backfires Fast - Disruption Banking

The Trump administration is in disarray since the announcement of a criminal investigation of Jerome Powell, the chairman of the Federal Reserve. Now, the The attempted criminal investigation of Jerome Powell has united critics across the political spectrum, …

US Mortgage Rates Slide to One of the Lowest Levels Since 2022 - Bloomberg.com

US mortgage rates slid last week to one of the lowest levels in years, sparking a flurry of purchase and refinancing activity that offers hope for a plodding housing market.