business news

White House to nominate Goldsmith Romero soon, aiming for July hearing, says Reuters source

The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week…

Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties

A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds…

GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’

A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike in trading volume in…

Dimon, Fraser and Moynihan will attend private Trump CEO meeting — some others will skip

Former President Donald Trump will address some of the world’s most powerful corporate leaders on Thursday, albeit with some notable…

Judge bars ‘pharma bro’ Martin Shkreli from streaming Wu-Tang Clan album after suit says he copied it

A federal judge temporarily barred notorious “pharma bro” Martin Shkreli from streaming or disseminating copies of a one-of-a-kind Wu-Tang Clan…

Fed holds rates steady, indicates only one cut coming this year

The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before…

Here’s the Fed’s new rate forecast that’s moving the markets

The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March forecast…

Biden cheers cooling inflation ahead of key Fed interest rate decision

President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did…

U.S. widens sanctions on Russia to discourage countries such as China from doing business with Moscow

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit…