business news

‘Fraud is fun’ DraftKings teen hacker pleads guilty in fantasy sports betting theft

A Wisconsin teenager pleaded guilty Wednesday in New York federal court to conspiracy in connection with a scheme to hack…

Tammy Murphy, wife of NJ Gov. Phil Murphy, launches bid to unseat indicted Sen. Bob Menendez

Tammy Murphy, the wife of New Jersey Democratic Gov. Phil Murphy, launched a primary campaign Wednesday to unseat the state’s…

Nikki Haley tweaks ‘verify everybody’ social media stance, suggests Americans should be able to post anonymously

Republican presidential candidate Nikki Haley appeared to add a caveat to her proposal that all social media users should be…

Hunter Biden lawyers seek subpoenas for Trump, former AG Barr in gun case

Lawyers for Hunter Biden raised the prospect that he is the victim of “vindictive” prosecution Wednesday as they asked a…

Trump requests mistrial in $250 million New York business fraud case

Donald Trump and his co-defendants asked a judge Wednesday to grant a mistrial in the $250 million civil business fraud…

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020

Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation…

Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul

Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…

UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’

UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one)…