Breaking News: Business

Trump lawyer who quit classified documents case withdraws from $475 million CNN defamation suit

An attorney who quit the team defending Donald Trump in the criminal classified documents case said Friday he would no…

Bowlero CEO calls discrimination claims made in EEOC investigation ‘absurd’

Bowlero CEO Tom Shannon on Wednesday called discrimination claims against the fast-growing bowling alley operator “absurd,” but acknowledged the federal…

Disney finance chief Christine McCarthy to step down as Iger reshapes the company

Christine McCarthy, Disney’s chief financial officer, will step down from that role, the entertainment giant said Thursday. She will take…

Justice Department to probe PGA Tour deal with Saudi-funded LIV Golf

The Department of Justice’s antitrust division has informed the PGA Tour it will review the organization’s proposed merger with Saudi-funded…

The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%

The Federal Reserve paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6%…

Bud Light loses spot as top-selling U.S. beer in May in the wake of boycott fight

Bud Light lost its top spot in the U.S. beer market last month, as the brand’s sales sagged following a…

JPMorgan prepared to pay $290 million in settlement with Jeffrey Epstein victims

JPMorgan Chase is prepared to pay $290 million in a settlement with victims of the late sexual predator Jeffrey Epstein,…

Epstein accuser seeks new testimony from JPMorgan CEO Jamie Dimon

Lawyers for a Jeffrey Epstein victim asked a federal judge on Friday to allow them to take new testimony from…