News
Week of extreme heat strains small businesses
Heat waves stretching across the country are straining power grids and shuttering small businesses. Worse yet, some of the hardest-hit areas are expected...
Wells Fargo exceeds expectations, sets earnings aside for loan losses
Due to higher interest rates and rising loan balances, Wells Fargo exceeded marker expectations in the second quarter of 2023....
US Virgin Islands sues JPMorgan for $190 million in Epstein case
The U.S. Virgin Islands said in a court filing Friday that it is seeking at least $190 million in penalties...
Education Dept. cancels $39 billion in student loans
The Biden administration on Friday managed to get around a Supreme Court order to forgive student loans by offering one-time...
Hollywood actors calls it a wrap and hit picket lines
In a dual walkout that pits more than 170,000 workers against major studios like Disney and Paramount and tech juggernauts...
US government to further restrict investment in China
The Biden administration on Thursday announced that it will impose new restrictions on American investments in Chinese companies involved in...
FTC investigates ChatGPT maker over potential dangers
The Federal Trade Commission announced Thursday that it had opened an investigation into OpenAI, the artificial intelligence start-up that makes ChatGPT, over...
Celsius crypto founder arrested on fraud charges
Alex Mashinsky, the founder of the Celsius crypto firm, was arrested on Thursday on fraud charges. He is also facing...
Government tries to shore up money-market funds
For the third time in 15 years, U.S. regulators have rewritten the rules for money-market funds in hopes of preventing bailouts...
Inflation cooling dramatically
According to new government statistics, the Consumer Price Index — the most widely used measure of inflation in the U.S....
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