business news

Unredacted complaint alleges Meta knew of ‘huge volume’ of child sexual harassment on its platforms

WASHINGTON — A new legal filing about child exploitation on Meta‘s Facebook and Instagram apps alleges a 2021 internal company…

Judge rejects Trump bid to hold special counsel Jack Smith in contempt in election case

A federal judge on Thursday rejected an effort by former President Donald Trump to hold special counsel Jack Smith in…

Fed’s Raphael Bostic expects rate cuts to happen in the third quarter

Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying…

Judge loses patience with Trump lawyer in E. Jean Carroll sex assault defamation trial

A federal judge Thursday quickly lost patience with Donald Trump’s lawyer as she grilled E. Jean Carroll on her income…

New Morgan Stanley CEO is ‘super bullish’ on hitting financial targets

Morgan Stanley‘s new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in…

Weekly jobless claims post lowest reading since September 2022

The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…

‘Get on board’: UK PM Sunak appeals to Lords to deliver his Rwanda asylum law

British Prime Minister Rishi Sunak called on the upper house of parliament to “get on board” and pass his plan…

Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl

Deutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group,…