business news

GOP debt limit strategy is flirting with default, top House Democrat says

WASHINGTON — The top Democrat in the House slammed Republicans’ plan to pass a bill later this month to suspend…

Bank of America CEO Brian Moynihan says he sees a relatively mild recession

Bank of America CEO Brian Moynihan said Tuesday he sees only a slight recession hitting the U.S. as consumers remain…

Supreme Court gives New Jersey, shipping industry and unions a win in New York ports case

The Supreme Court ruled Tuesday that New Jersey can unilaterally withdraw from the longstanding Waterfront Commission Compact it has with…

SEC’s Gensler in congressional hot seat today over climate change and crypto

The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. Oversight hearings…

Stocks making the biggest moves premarket: Johnson & Johnson, Goldman Sachs, Sunrun and more

Check out the companies making headlines before the bell on Tuesday. Goldman Sachs — The investment bank said first quarter…

Heavy gunfire quickly shatters Sudan truce deal pushed by U.S.

Heavy gunfire shattered a 24-hour truce deal in Sudan on Tuesday shortly after it was due to take effect under…

The EU’s divided approach on China might be coming to an end — and the U.S. is unlikely to be happy about it

European Union officials on Tuesday called for a new and joint approach toward China, following French President Emmanuel Macron’s controversial…

Bank of America posts first-quarter results that top expectations on higher rates

Bank of America on Tuesday reported first-quarter earnings and revenue that topped expectations on the back of higher interest rates.…

Fox News and Dominion defamation trial delayed ahead of opening arguments

WILMINGTON, Del. — Opening arguments were delayed Tuesday in the Dominion Voting Systems’ defamation lawsuit accusing Fox News of spreading…