business news

Trump sues former lawyer Michael Cohen, key witness in Manhattan DA probe, for $500 million

Former President Donald Trump sued his onetime personal lawyer and fixer Michael Cohen on Wednesday, seeking at least $500 million…

Egg prices crashed 11% in March — and more relief may follow

Egg prices fell by almost 11% in March, the U.S. Bureau of Labor Statistics said Wednesday, following a 7% decline…

Most Americans are not confident in how China’s Xi will handle world affairs, Pew survey finds

Most U.S. adults in a survey say they have little confidence that Chinese President Xi Jinping will “do the right…

Fed expects banking crisis to cause a recession this year, minutes show

WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…

U.S. imposes fresh sanctions on financial network linked to Russian oligarch Alisher Usmanov

WASHINGTON — The Biden administration imposed fresh sanctions on Wednesday aimed at the financial network linked to Russian billionaire and business…

Warren Buffett says he doesn’t understand A.I. but he asked ChatGPT to write a song in Spanish

Legendary value investor Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he…

Abortion pill ruling puts ‘judge shopping’ concerns back in spotlight

A pivotal fight over the Food and Drug Administration’s approval of the abortion pill mifepristone has spurred new accusations of…

Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The…

Republican Sen. Tim Scott launches 2024 presidential exploratory committee

Sen. Tim Scott of South Carolina launched an exploratory committee for a 2024 presidential campaign on Wednesday, taking a major…

Warren Buffett says we’re not through with bank failures

Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be…