business news

Supreme Court blocks Purdue Pharma’s massive opioid settlement, will hear challenge

Read more of CNBC’s politics coverage: The Supreme Court on Thursday blocked, for now, a multi-billion-dollar bankruptcy settlement by Purdue…

Hawaii wildfires: Biden vows immediate aid, deploys military to assist victims

President Joe Biden on Thursday vowed immediate assistance for Maui residents who have lost loved ones and their homes in…

16 Michigan Republicans accused of being fake electors for Trump plead not guilty

All 16 Michigan Republicans accused in a fake elector scheme to keep former President Donald Trump in power are challenging the charges,…

Biden seeks nearly $40 billion in funding for Ukraine, disaster relief and border

WASHINGTON — The White House unveiled a nearly $40 billion supplemental funding request on Thursday to provide additional aid to Ukraine and…

Trump election trial: Special counsel Jack Smith seeks Jan. 2 start date

Special counsel Jack Smith on Thursday proposed a Jan. 2 start date for former President Donald Trump’s trial on criminal…

Frank Dunlevy, Gary Cohn host campaign fundraiser for Tim Scott in the Hamptons

Republican Sen. Tim Scott huddled with over 50 donors at the Hamptons home of Wall Street veteran and former Trump…

Stocks making the biggest moves midday: AppLovin, Roblox, Tapestry, Alibaba and more

Check out the companies making headlines during midday trading Thursday. Disney — Shares of the media giant jumped 5.3%. Late…

Golf legend Phil Mickelson wagered more than $1 billion over decades, lost around $100 million, gambler claims

Phil Mickelson wagered a total of more than $1 billion over three decades, and sustained gambling losses of close to…

Biden embraces July inflation report: ‘That’s Bidenomics’

WASHINGTON — Despite a small rise in inflation last month over June’s rate, President Joe Biden on Thursday insisted that July’s…

Trump won’t pledge to support the GOP’s eventual nominee, a debate requirement

Former President Donald Trump said he would not sign the loyalty pledge that is a requirement for participating in the…