business news

Former Rep. George Santos campaign fundraiser Miele pleads guilty to impersonating McCarthy aide

A former campaign fundraiser for embattled Rep. George Santos of New York pleaded guilty Tuesday in Long Island federal court…

Trump’s social media company has lost over $31 million since its launch, faces potential shutdown

[Editor’s Note: This article and headline have been corrected to state that Trump Media and Technology Group, the parent company…

House Republicans ask AG Garland to investigate former Trump lawyer Cohen for perjury

House Republican Conference Chair Elise Stefanik on Tuesday urged Attorney General Merrick Garland to investigate whether Donald Trump’s former lawyer…

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

Inflation declined in October, continuing a broad slowdown as gasoline prices retreated during the month. However, price pressures remain under…

House Speaker Mike Johnson endorses Trump, defends ‘stolen election’ claims

House Speaker Mike Johnson on Tuesday endorsed Donald Trump for the 2024 Republican presidential nomination, while defending the former president’s…

Inflation was flat in October from the prior month, core CPI hits two-year low

Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their…

House Speaker Mike Johnson predicts ‘bipartisan agreement’ to fund government, avoid shutdown

WASHINGTON — House Speaker Mike Johnson said he expects to win bipartisan backing Tuesday for his “laddered” continuing resolution to…

Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation

Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting inflation…

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost…