business news

The China dilemma: Europe wants a new relationship with Beijing but is wary of retaliation

Europe is charting a new way forward for its relations with China, but officials in the region say they are…

Fed Chair Powell says smaller banks likely will be exempt from higher capital requirements

New rules expected to require that banks keep more capital almost certainly won’t apply to smaller institutions, Federal Reserve Chair…

Retailers Shein and Temu violate U.S. tariff law and evade human rights reviews on imports, House report says

WASHINGTON — A House committee exploring economic competition between the U.S. and China on Thursday released a damning report connecting…

Judge sanctions lawyers for brief written by A.I. with fake citations

A New York federal judge on Thursday sanctioned lawyers who submitted a legal brief written by the artificial intelligence tool…

Warren Buffett’s charitable giving exceeds $50 billion, more than his entire net worth in 2006

Warren Buffett has made another annual donation to five foundations, boosting his total charitable giving to more than $50 billion —…

Watch live: President Biden and India Prime Minister Modi speak at the White House

(The stream is slated to start at 12:45 p.m. ET. Please refresh the page if you do not see a…

SEC fines JPMorgan subsidiary for deleting 47 million emails, some related to subpoenas

The Securities and Exchange Commission fined the broker-dealer subsidiary of JPMorgan Chase $4 million for accidentally deleting about 47 million…

Stocks making the biggest moves midday: Overstock, Tesla, Accenture and more

Check out the companies making headlines in midday trading. Overstock.com — Shares jumped 17.3% on news the e-commerce company won the…

Americans’ buying power rose for first time since March 2021 amid falling inflation

Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…