business news

JPMorgan CEO Jamie Dimon testifies he had no involvement with Jeffrey Epstein account, bank says

JPMorgan Chase CEO Jamie Dimon testified at a deposition in New York on Friday that he had no involvement in…

‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts

Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for…

Disney rips DeSantis bid to disqualify judge in free speech lawsuit

Disney urged a federal court to reject a request by Florida Gov. Ron DeSantis to disqualify the judge overseeing the…

Treasury now says it could run out of money June 5, buying time for debt ceiling talks

WASHINGTON — Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off…

Fintech firm Klarna halves net loss in first quarter as it races toward profitability

Klarna, the Swedish buy now, pay later fintech company, halved its net loss in the first quarter, recording a significant…

GOP-controlled Texas House impeaches Republican Attorney General Ken Paxton, triggering suspension

Texas’ Republican-led House of Representatives impeached state Attorney General Ken Paxton on Saturday on articles including bribery and abuse of…

Stocks making the biggest moves premarket: Marvell Technology, Gap, RH and more

Check out the companies making headlines before the bell. Marvell Technology — Marvell Technology surged 17% in premarket trading after…

Biden and McCarthy reportedly have agreed to debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a deal to raise the federal government’s $31.4…

Thanks to vesting schedules, it can take up to 6 years for workers to own their 401(k) match

A 401(k) match from an employer is often referred to as “free” money, and therefore one of the best ways…

White House and Republicans reach a tentative deal to avoid U.S. default

WASHINGTON — House Republicans reached a tentative deal with the White House on Saturday night to raise the nation’s borrowing…