business news

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…

Brazil police raid Bolsonaro’s home as part of Covid vaccine probe

Brazil’s federal police on Wednesday raided former President Jair Bolsonaro’s home in Brasilia as part of a probe into a…

Stocks making the biggest moves premarket: Starbucks, AMD, Pearson, PacWest & more

Check out the companies making headlines in premarket trading. Eli Lilly — The pharmaceutical stock rose more than 5% on…

Here’s what to expect from today’s Federal Reserve announcement

There won’t be a lot of mystery surrounding what the Federal Reserve is going to do Wednesday with interest rates.…