business news

U.S. carries out new strike in Yemen after Biden vows to keep pressure on

The United States carried out an additional strike against Yemen’s Houthi forces on Friday, two officials told Reuters, after President…

Trump ordered to pay New York Times, three reporters nearly $400,000 in legal costs over dismissed lawsuit

A New York judge on Friday ordered Donald Trump to pay The New York Times and three of its reporters…

Hunter Biden agrees to deposition, GOP chairs say contempt resolution on track until a date is set

An attorney for Hunter Biden told two House Republican committee chairmen Friday that he will comply with subpoenas demanding his…

Deflation: Here’s where prices fell in December 2023, in one chart

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In…

Morgan Stanley will pay $249 million to settle criminal, SEC block trade probes

Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities…

Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul

Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and…

Bill Ackman is creating an activist organization to fight antisemitism, reform higher education

Hedge fund billionaire Bill Ackman, who recently fought a high-profile battle against Harvard University, said Friday that he’s starting an activist…

Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign

Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. The producer price…