business news

Bank of America shares jump 5% after saying net interest income rebound is coming

Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees.…

Deutsche Bank criticized by German regulator for financial reporting error

Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement which did not meet international accounting standards, the…

Elon Musk plans to give $45 million a month to pro-Trump super PAC, WSJ reports

Elon Musk has said he is planning to pledge about $45 million a month to a newly formed super PAC…

Biden says ‘time to put Trump in the bulls-eye’ remark was a mistake, doubles down on reelection bid

President Joe Biden said he should not have used the language, “put Trump in the bulls-eye,” a remark he made…

Trump lauded at Republican convention, his first public appearance since assassination attempt

Former President Donald Trump was cheered and celebrated when he arrived at the Republican National Convention in Milwaukee Monday, his…

RFK Jr. to receive Secret Service protection after Trump assassination attempt

Independent presidential candidate Robert F. Kennedy Jr. will receive Secret Service protection at the direction of President Joe Biden as…

Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut…

Watch Fed Chair Jerome Powell’s remarks on interest rate policy and the economy

[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a…

Secret Service director rejects calls to resign after Trump assassination attempt

Secret Service Director Kimberly Cheatle does not plan to resign, she told ABC News on Monday, rejecting calls from lawmakers…