Business

Business U.S. auto loans soar to highest level in 8 years U.S. auto loans soar to highest level in 8 years
U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.
Business Macy's 2nd quarter profit falls short; sales outlook cut Macy's 2nd quarter profit falls short; sales outlook cut
Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year. But the department store chain cut its full-year outlook.
Business Kellogg wants suppliers to report carbon emissions Kellogg wants suppliers to report carbon emissions
Kellogg said Wednesday it will step up efforts to reduce planet-warming emissions in its supply chain as part of a broader initiative designed to be more environmentally friendly.
Business Like stocks, junk bonds show investor jitters Like stocks, junk bonds show investor jitters
The stock market isn't the only place that's been signaling jitters among investors. The $2.3 trillion market for risky U.S. corporate debt has also been under pressure.