business news

U.S. spy chief ‘cannot rule out’ that China would use TikTok to influence U.S. elections

China could use social media app TikTok to influence the 2024 U.S. elections, U.S. Director of National Intelligence Avril Haines told a House of Representatives intelligence committee…

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by…

TikTok ban: Tech VC Keith Rabois threatens Republicans with funding halt ahead of House vote

A Republican megadonor on Tuesday threatened to cut off campaign contributions to members of Congress unless they vote for a…

Citadel’s Ken Griffin says the Fed shouldn’t cut too quickly, citing big tailwinds supporting inflation

Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against…

Voters blame businesses more than Biden for sticky inflation

President Joe Biden is starting to win the inflation blame game against corporations. A recent Financial Times-Michigan Ross online poll…

New York AG questions Trump cash reserves as $464 million judgment looms

Former President Donald Trump has not shown that he has enough cash to cover the full amount of a $464…

Live updates: Democrats rip special counsel over Biden documents probe

Democratic lawmakers on Tuesday slammed Special Counsel Robert Hur for assessing President Joe Biden’s mental state during his investigation of…

Consumer prices rose 0.4% in February and 3.2% from a year ago

Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting…

Argentina’s Milei accused of double standards in a scandal over a 48% pay raise

Argentina’s Javier Milei has been accused of hypocrisy for orchestrating a substantial increase in presidential pay while pushing through an…