business news

House China committee targets top clothing brands in forced labor inquiry

WASHINGTON — A House committee examining the U.S. government’s economic relationship with China is asking some of the world’s largest…

Trump lawyers will not offer witnesses at E. Jean Carroll rape defamation trial

A lawyer for former President Donald Trump said Wednesday he will not present any witnesses at the civil trial for…

Fed increases rates a quarter point and signals a potential end to hikes

The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped…

Prosecutors close to decision on charging Hunter Biden, report says

Federal prosecutors are getting close to deciding whether to criminally charge Hunter Biden, the son of President Joe Biden, after…

Stocks making the biggest moves midday: CVS Health, Eli Lilly, Clorox, Yum and more

Check out the companies making the biggest moves midday: CVS Health — Shares fell 3.68% after the company cut its…

Deposition of JPMorgan CEO Dimon in Jeffrey Epstein lawsuits set for late May, source says

JPMorgan Chase CEO Jamie Dimon will be deposed in late May over two days for civil lawsuits accusing the giant…

The market is looking for the next ‘domino’ to fall, keeping banks under pressure

After an intense few days in which the fate of ailing lender First Republic was finally determined, veteran banking analyst…

Former top execs of SVB and Signature Bank will testify at Senate hearing this month

WASHINGTON — Former top executives of failed Silicon Valley Bank and Signature Bank will testify before the Senate on May…

Private payrolls surged by 296,000 in April, much higher than expected, ADP says

Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP…