business news

Pro-Tim Scott super PAC picks billionaire tech executive to be finance chair

A super PAC supporting Republican Sen. Tim Scott’s campaign for president has selected a billionaire tech executive to be its…

Biden stands with striking UAW autoworkers in Michigan, supports big pay raise

President Joe Biden joined United Auto Workers members Tuesday on the picket line outside Detroit and urged strikers to continue…

Mum’s the bad word: Most big Menendez donors won’t say if they will keep backing New Jersey senator

Many of the top financial donors to U.S. Sen. Bob Menendez will not say whether they will continue supporting his…

Biden calls on Congress to fund government as Moody’s and Wells Fargo warn of shutdown effects

WASHINGTON — President Joe Biden on Tuesday asked Congress in a social media post to fund the government as warnings…

Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more

Check out the companies making headlines in midday trading. Cintas — Shares fell 5.3% after the company reported its 2024…

Fed’s Neel Kashkari sees 40% chance of ‘meaningfully higher’ interest rates

Minneapolis Federal Reserve President Neel Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move significantly…

SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off

Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company…

JPMorgan’s UK digital bank blocks customers from buying crypto

Chase UK, the British challenger bank brand of JPMorgan, has blocked customers in the U.K. from purchasing crypto assets. The…

Sen. Cory Booker, more than a dozen other Democratic senators call on Menendez to quit due to bribery indictment

U.S. Sen. Cory Booker joined a fast-growing chorus of Democrats calling on Sen. Bob Menendez, his fellow lawmaker from New…