Federal prosecutors have charged three Chinese nationals accused of profiting from insider information about mergers and acquisitions by hacking into the networks of law firms working on the deals, authorities said Tuesday. The three men made more than $4 million in profits by buying stock in companies that were about… Read More

U.S. businesses stepped up their spending on industrial machinery, steel, and other big-ticket items last month, a sign that one of the economy’s weak spots may be improving. The Commerce Department said Thursday that a measure that tracks business investment rose 0.9 percent in November, after a slight 0.2 percent… Read More

New York City police say they believe the opportunistic thief who swiped an 86-pound bucket of gold flakes worth nearly $1.6 million off an armored truck in Manhattan is hiding out on the West Coast. Detectives say the man fled to Orlando, Florida after the Sept. 29 theft before ultimately… Read More

Taxpayers will fork over nearly $10 billion more next year to cover double-digit premium hikes for subsidized health insurance under President Barack Obama’s law, according to a study being released Thursday. The analysis from the Center for Health and Economy comes as the Republican-led Congress is preparing to repeal “Obamacare”… Read More

After raising its benchmark interest rate in response to a strengthening U.S. economy, the Federal Reserve foresees three more hikes in 2017. The Fed’s move to raise its key rate will mean modestly higher rates on some loans. Wednesday’s action signaled the Fed’s belief that the economy has improved over… Read More