business news

Big youth climate group calls for Biden to exit election race against Trump

The Sunrise Movement, a major youth climate group that strongly supported President Joe Biden in the 2020 election, urged him…

Here’s the deflation breakdown for June 2024 — in one chart

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for…

Democratic megadonor Ron Conway took his concerns about Biden directly to Pelosi

Venture capitalist and Democratic megadonor Ron Conway has spoken directly with former House Speaker Nancy Pelosi about President Joe Biden’s…

Nearly 20 Democrats in Congress have called on Biden to quit race

The reelection campaign of President Joe Biden faced calls Friday by an increasing number of Democrats in Congress to quit…

House Democratic leader Hakeem Jeffries met with Biden about ‘the path forward’

House Minority Leader Hakeem Jeffries met with President Joe Biden to share opinions from the Democratic caucus about “the path…

Wholesale prices rose 0.2% in June, slightly hotter than expected

A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will…

JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher

JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.…

Wells Fargo shares tumble after net interest income falls short of estimates

Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded…