Janet Yellen with the former Fed chairs Ben Bernanke, center, and Paul Volcker. Donald Trump said he would most likely replace her as Fed chairwoman if he became president.
WASHINGTON—Consumers are set to gain new powers to sue banks under a proposal unveiled Thursday by the Consumer Financial Protection Bureau.
One analyst called Merck & Co.'s new product sales for the first quarter “uninspiring.” The same could be said of the entire Q1 report, with every gain for one product counterbalanced by losses for another.
The expanded recall of Takata Corp. air-bags adds more cars and more automakers and will strain its ability to deliver replacement parts, adding uncertainty to the largest and most complex auto-safety campaign in U.S.
Wall Street gave up early gains and slipped into the red in afternoon trading on Thursday, dragged down by consumer discretionary stocks and retreating oil prices.