business news
Trump Organization, ex-CFO to face October criminal tax fraud trial in New York
Trump Organization chief financial officer Allen Weisselberg arrives for his arraignment hearing in New York State Supreme Court in the Manhattan borough of New York City, New York, U.S., July 1, 2021. Brendan McDermid | Reuters A New York state judge on Friday refused to dismiss criminal tax fraud charges against Donald Trump’s namesake company […]
Read More
DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner
Philanthropist Philip Esformes attends the 15th annual Harold & Carole Pump Foundation gala at the Hyatt Regency Century Plaza on August 7, 2015 in Century City, California. Tiffany Rose | Getty Images A highly unusual move by the Justice Department to retry Florida nursing home owner Philip Esformes on health-care fraud criminal charges after then-President […]
Read More
Fed’s Barkin says rate increases need to continue until inflation holds at 2%
Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So […]
Read More
House to vote on major climate, tax and health bill, teeing up huge win for Biden
Speaker of the House Nancy Pelosi, D-Calif., arrives for a news conference with members of the Congressional delegation who traveled to Taiwan and the Indo-Pacific region, in the Capitol Visitor Center on Wednesday, August 10, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images The House is expected to pass a sweeping tax, health […]
Read More
Your iPhone can identify any song with just a tap. Here’s how to set it up
Taylor Swift Christopher Polk | Getty Images Your iPhone has a useful feature you might not know about. You can identify the song that’s playing on the radio at a bar, in your car or at a friend’s house, all without having to open an app. All you have to do is swipe down and […]
Read More
Polio detected in New York City sewage suggesting local circulation of virus, health officials say
NYC commissioner for health Dr Mary T. Bassett Andy Katz | Pacific Press | Lightrocket | Getty Images Polio has been detected in New York City, suggesting local circulation of the virus, health officials said on Friday. New York State Health Commissioner Dr. Mary Bassett called the findings alarming. Bassett said local and federal health […]
Read More
Samsung exec explains why the company’s folding phones are so important to its business
Samsung Galaxy Z Fold 4 Samsung The head of Samsung’s mobile business, Roh Tae-moon, recently explained to The Wall Street Journal why folding phones are so important to the company’s business. Roh said in the report that Samsung’s foldable phones are attracting three times more brand switchers than Samsung’s regular Galaxy S phones. That means people […]
Read More
Popular meditation app maker Calm reportedly lays off 20% of employees
Edward smith | Getty Images The popular meditation startup Calm, known for its wellness app of the same name, has laid off 20% of its staff, according to The Wall Street Journal, which viewed a memo sent by CEO David Ko to employees on Thursday. Roughly 90 out of 400 Calm employees were laid off, […]
Read More
Dutch detain suspected developer of crypto mixer Tornado Cash
The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, on Tuesday, March 15, 2022. Luke MacGregor | Bloomberg | Getty Images Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on […]
Read More
U.S. is ‘not going anywhere,’ Middle East envoy says, as China’s Xi expected to visit Saudi Arabia
US President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. Anadolu Agency | Anadolu Agency | Getty Images U.S. President Joe Biden’s administration on Friday refuted claims that a forthcoming visit by Chinese President Xi Jinping to Saudi Arabia […]
Read More