business news

Reid Hoffman-backed PAC may fund primary campaign against progressives Rashida Tlaib, Cori Bush

A political action committee funded largely by LinkedIn co-founder Reid Hoffman may be on the brink of launching a primary…

Bank of England governor says Israel-Hamas conflict poses risks to inflation fight

Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…

Donald Trump Jr. and Eric Trump testify in $250 million New York fraud trial

The two oldest sons of former President Donald Trump testified Thursday in the $250 million New York fraud trial against…

Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war

Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of Pennsylvania,…

Hunter Biden decries GOP lawmakers, media for ‘weaponization of my addiction’ amid probes, criminal charges

Hunter Biden, son of President Joe Biden, on Thursday denounced congressional Republicans and right-wing media figures for using his well-known…

Amazon unveils buy now, pay later option from Affirm for small business owners

Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use…

Labor costs show surprise decline in the third quarter

The cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the…

Fintech giant Revolut appoints new UK boss amid struggles to get banking license

European fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO. Carlesi,…