business news

White House prepares for Taiwan presidential elections and ‘period of higher tension’

The Biden administration doubled down on its support for Taiwan’s democratic process ahead of a presidential election on the island…

U.S., U.K. strike Houthi targets in Yemen in response to Red Sea attacks

The United States and the United Kingdom have “successfully conducted strikes” against Houthi targets in Yemen, President Joe Biden said…

U.S. deficit tops half a trillion dollars in the first quarter of fiscal year

The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal…

Pentagon inspector general announces review of Austin hospitalization, notification

The Defense Department inspector general’s office has launched a formal investigation into Defense Secretary Lloyd Austin’s failure to notify the…

Here’s the inflation breakdown for December 2023 — in one chart

The annual inflation rate edged higher in December following two months of declines. However, that reversal likely isn’t cause for…

Trump fraud trial adjourns, all eyes now on Judge Engoron

The New York civil business fraud trial of former President Donald Trump, two of his sons and the Trump Organization…

Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%

Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a…

Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth

Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the…

Trump fraud trial judge home was swatting target, police say

Police are investigating a swatting incident at the New York home of the judge set to hear closing arguments later…