NEW YORK — The price of bitcoin and other cryptocurrencies crumbled Monday, after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It’s the latest high-profile collapse of a pillar of the cryptocurrency ...

WASHINGTON — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year ...

DALLAS — The average price that Americans pay for gasoline is closing in on $5 a gallon, another drain on the wallets of consumers who are paying more for many other essentials too. AAA said the nationwide average for regular on Thursday was $4.97 a gallon, up a quarter in just the last ...

DETROIT — Teslas with partially automated driving systems are a step closer to being recalled after the U.S. elevated its investigation into a series of collisions with parked emergency vehicles or trucks with warning signs. The National Highway Traffic Safety Administration said Thursday ...

NEW YORK — Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 sank 2.4 percent, putting it on track for its ninth losing week in the last 10. The Dow Jones Industrial ...

NEW YORK — Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions, announced Tuesday, come after a pronounced spending shift ...