Hertz Global Holdings Inc.’s stock reversed early losses to close up 8.9% on Tuesday, as executives on the company’s earnings call outlined plans to return to profitability after a bigger-than-expected fourth-quarter loss. As expected, Estero, Fla.-based Hertz HTZ, -1.65% booked $245 million of charges relating to plans to reduce its…

Low-income people who need help paying rent or securing temporary housing will get additional government aid under a new initiative to tackle the country’s record homelessness, the Biden administration said Friday. The initiative seeks to address homelessness by expanding what is covered under Medicaid in certain states. Eight states and…

The Chicago Business Barometer, also known as the Chicago PMI, fell 1.2 index points to 46 in January.  Economists polled by the Wall Street Journal forecast a 48 reading.  Readings below 50 indicate contraction. The index has fallen sharply from the November reading of 55.8, which was the highest level…

© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 1, 2024. REUTERS/Brendan McDermid/File Photo By Lewis Krauskopf NEW YORK (Reuters) -Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher…

Investing.com — Oil prices fell Friday, to end the week deep in the red as growing optimism over an extended ceasefire in the Israel-Hamas war cooled the supply risks premium baked into prices. By 14:30 ET (19.30 GMT), the futures settled 2.1% lower at $72.28 a barrel and the contract…

Investing.com– Most Asian currencies moved little on Friday and were set for a muted weekly performance as markets remained largely convinced that the Federal Reserve will not cut interest rates early this year. Regional currencies took little relief from overnight losses in the dollar, which fell from a three-month high…

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WASHINGTON — An FBI confidential human source has been indicted on two counts of allegedly feeding the bureau false information about President Joe Biden and his son Hunter Biden during the 2020 presidential campaign.Alexander Smirnov, 43, who disliked President Joe Biden, was arrested in Las Vegas after returning from a…

Shares of cryptocurrency exchange Coinbase soared 13% Friday in U.S. premarket trading after the company reported its first profit in two years.Coinbase, the largest U.S. venue for buying and selling cryptocurrencies, said that net income totalled $273 million in the fourth quarter.Coinbase said Thursday that its net revenue was $905…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Wall Street struggled this week to accept the cold reality that the Federal…