business news

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…

Trump blasts special counsel’s gag order request in federal election case

Attorneys for Donald Trump urged a judge not to impose a partial gag order on the former president in his…

JPMorgan Chase settles Jeffrey Epstein sex trafficking suit by U.S. Virgin Islands for $75 million

JPMorgan Chase said Tuesday it will pay $75 million to settle a lawsuit by the U.S. Virgin Islands alleging that…

Dimon warns that the Fed could still raise interest rates sharply from here

JPMorgan Chase CEO Jamie Dimon is warning that interest rates could go up quite a bit further as policymakers face…

Armenia warns of ‘ethnic cleansing’ as thousands flee the Nagorno-Karabakh enclave

Thousands of ethnic Armenians on Tuesday fled their homes in the breakaway enclave of Nagorno-Karabakh, as Armenia’s prime minister, Nikol…

Stocks making the biggest moves premarket: Fisker, Tesla, United Natural Foods and more

Check out the companies making headlines before the bell. Fisker — Shares of the vehicle development company surged 4.1% during…