business news

Houthi attacks rocking Red Sea trade routes likely won’t end anytime soon. Here’s what could happen next

Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow…

‘I am a mother and cannot bring my son home’: Thousands of Ukrainian POWs are missing months after capture

“Every day, regardless of whether it is an anniversary or not, I feel pain about the captivity of my only…

Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul

Citigroup is shuttering another Wall Street business as CEO Jane Fraser pushes ahead with her overhaul of the bank, CNBC…

Trump urges Supreme Court to let lower court hear immunity appeal first

Lawyers for Donald Trump on Wednesday urged the Supreme Court not to consider, yet, the question of whether he has…

Annuity sales are on track for a record year. Here’s what to know before buying

Consumers pumped record money into annuities in 2023, on the back of higher interest rates and anxiety about the stock…

Billions are on the line for lenders as White House finalizes credit card late fee cap

WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5…

U.S. swaps Maduro ally for ‘Fat Leonard’ in Venezuela prisoner exchange

The United States on Wednesday released from jail an accused money launderer close to Venezuela’s President Nicolas Maduro in exchange…

Biden touts minority small business wins as Latino approval sags

President Joe Biden is flaunting his investments in Black- and Latino-owned small businesses as the Latino vote slips from his…

Feds raided Rudy Giuliani’s home and office in 2021 over Ukraine suspicions, unsealed papers show

A 2021 federal raid on Rudy Giuliani’s home and office was spurred by suspicions that the former New York City…