Banks Nearing $1 Billion Settlement Over Traders’ Use of Banned Messaging Apps

WASHINGTON—Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regul...

There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?

Growing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists see...