business news

China is engaged in ‘deliberate’ efforts to undermine the U.S. and Europe, says EU envoy Gitenstein

Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods.…

Prosecutors ask judge to jail former Trump aide Steve Bannon after he loses appeal

Federal prosecutors on Tuesday asked a judge to order former Trump White House aide Steven Bannon to begin serving his…

Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdam

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

Trump lawyer calls out Michael Cohen TikTok insults in hush money trial cross-examination

A defense lawyer for Donald Trump began cross-examining Michael Cohen on Tuesday afternoon by asking about expletive-laden insults that Cohen…

Wholesale prices rose 0.5% in April, more than expected

Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon. The…

Georgia passes ‘Russia-style’ law on foreign influence despite U.S. warnings and mass protests

Georgian lawmakers on Tuesday passed a highly controversial “Kremlin-style” law on foreign influence, despite massive protests in the country and…

AMC completes $250 million stock sale during meme rally, shares jump 30%

AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze…

Fintech firm Klarna says 90% of its employees are using generative AI daily

Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now…

Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more

The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. The White House said…