Chinese e-commerce giant Alibaba has agreed to pay $600 million and enter into a non-prosecution agreement with the Department of Justice (DOJ) after admitting it failed to prevent tens of thousands of illegal product sales into the U.S. through its online marketplaces. The DOJ announced Wednesday that Alibaba Group Holding…

The Trump administration’s announcement that it doesn’t plan to renew the U.S.-Mexico-Canada Agreement (USMCA) and instead intends to pursue individual trade agreements with its two neighbors. Wednesday marked the sixth year of the USMCA being in effect, a milestone which gave the administration the option of extending the agreement as…

Home listing prices are declining at the fastest pace in at least nine years as sellers adjust to a slower market and look to attract buyers. The national median asking price fell 2.5% in June compared with a year ago, declining to $430,000 based on the latest data from the…

While Wall Street prepares for the prospect of a more aggressive Federal Reserve, Bank of America CEO Brian Moynihan has a reassuring message for anxious investors. Despite Bank of America’s issuing the most hawkish forecast on Wall Street — predicting three interest rate hikes under Federal Reserve Chair Kevin Warsh…