business news

Citigroup tops expectations for profit and revenue on strong Wall Street results

Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.…

‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September

Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…

UAW considering next steps on worries Trump could beat Biden, Reuters reports

United Auto Workers President Shawn Fain met with the union’s executive board late on Thursday to discuss his deep concerns…

JPMorgan Chase tops second-quarter revenue expectations on strong investment banking

JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts’ expectations as investment banking fees surged 52% from…

China’s imports unexpectedly drop in June, but exports beat forecasts

BEIJING — China’s imports fell in June, missing expectations for slight growth, while exports rose more than expected, customs data…

China gears up for its Third Plenum meeting. Here’s why real estate isn’t likely the main focus

BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas —…

Biden touts cooling inflation, slams Trump tariffs at press conference

President Joe Biden on Thursday trumpeted the latest inflation report in the opening remarks of his highly anticipated solo press…

Biden won’t drop out of election against Trump unless polls say ‘there’s no way you can win’

President Joe Biden on Thursday said that nothing would make him reconsider his decision to remain in the 2024 presidential…

Biden loses his train of thought, calls Harris ‘Vice President Trump’ in solo press conference

President Joe Biden on Thursday mistakenly referred to Vice President Kamala Harris as “Vice President Trump” in the opening question…

Watch: President Joe Biden holds rare solo press conference

[The stream is slated to start at 7 p.m. ET. Please refresh the page if you do not see a…