Business

Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit for overstating its progress following the bank’s fake accounts scandal nearly a decade ago....Read More

The Justice Department has charged a former Apple employee with stealing autonomous car trade secrets on behalf of a Chinese company....Read More

Retail sales increased in April, beating figures in March but still fell short of what Wall Street anticipated, the Commerce Department said in its advance report on monthly sales released Tuesday....Read More

The Senate Banking Committee Tuesday morning started grilling executives of two failed California banks over their sudden collapse and failures in March....Read More

Manufacturer 3M announced Monday it has fired Michael Vale, the company’s group president and chief business and country officer, for “inappropriate personal conduct.”...Read More

Axiom Space’s second, entirely private space mission is on track for a Sunday launch aboard a SpaceX Dragon spacecraft to the International Space Station from Kennedy Space Center in Florida, officials said Monday....Read More

Vice Media Group filed for Chapter 11 bankruptcy Monday as the once-thriving digital media company has struggled to turn a profit in recent years due to unpaid debt and major slumps in advertising and content revenue....Read More

Sports apparel company Fanatics has acquired the U.S. assets of Australia’s PointsBet in a $150 million deal, the companies said....Read More

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President Joe Biden announced his nominees to the Federal Reserve on Friday, including Adriana Kugler, who would become the first Latina to serve on the board....Read More