business news

How China’s shifting growth picture could hit global markets

China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will…

UK government announces spending, tax plans as strike action disrupts schools and travel

U.K. Finance Minister Jeremy Hunt delivered the government’s Spring Budget on Wednesday. In a wide-ranging speech, Hunt said that the…

Private payrolls rose by 242,000 in February, better than expected, ADP says

Companies added jobs at a brisk pace in February as the U.S. labor market kept humming, payroll services firm ADP…

Top Senate Democrats press DOJ, SEC to investigate whether Silicon Valley Bank executives broke any laws

WASHINGTON — Top Democratic lawmakers pressed the Justice Department and the Securities and Exchange Commission to open a probe into…

Job openings declined in January but still far outnumber available workers

Job openings declined slightly in January but still far outnumber available workers as the labor picture remains tight, according to…

Pfizer will have to pay rebates to Medicare for five drugs under Biden plan to lower Rx costs

Five of Pfizer’s drugs will cost less for Medicare recipients starting next month as part of President Joe Biden’s plan…

UK economy rebounds with stronger-than-expected January GDP print

LONDON — The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues…

Apple, Amazon, Google will likely get a reprieve from GOP-controlled House on antitrust legislation

Tech giants Google, Amazon and Apple are likely to get a reprieve in Congress this year from efforts to rein…

Here’s where the jobs are for February 2023 — in one chart

The U.S. labor market surprised to the upside yet again in February, powered by continued strength in the service sectors…

DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud

Controversial exiled Chinese billionaire Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested…