business news
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
How to pick the best MacBook so you’re not overspending for what you don’t need
A new MacBook Air running M2 chip is seen displayed during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple has five MacBook computers to choose from, which might be a little daunting if you’re in the market for a new laptop as we hit back-to-school season. […]
Read More
Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts
White House senior advisor Anita Dunn is being forced to divest an investment portfolio worth an estimated $16.8 million to $48.2 million that ethics attorneys say poses significant conflicts of interest in her new role. The political and communication’s strategist will also have to recuse herself from a myriad of domestic and international issues that […]
Read More
Trump faces a slew of investigations and lawsuits — and they’re heating up as he weighs White House run
Former U.S. President Donald Trump speaks at the Conservative Political Action Conference (CPAC) held at the Hilton Anatole on August 06, 2022 in Dallas, Texas. CPAC began in 1974, and is a conference that brings together and hosts conservative organizations, activists, and world leaders in discussing current events and future political agendas. Brandon Bell | […]
Read More
Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others
Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including […]
Read More
Pharma stocks crater as investors brace for billions in heartburn drug litigation charges
Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bumbling in the background for years but investor concern exploded this week in the lead-up to […]
Read More
5 things to know before the stock market opens Friday
Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Markets looking up U.S. stock futures pointed to a rally Friday morning, a day after the three major indexes posted mixed results. On Thursday, the Dow finished […]
Read More
Clothing subscriptions like Stitch Fix were once hot – but now might be the victims of ‘box fatigue’
A selection of men’s clothes packaged by Trunk Club, which was shuttered earlier this year after Nordstrom bought the personal styling service in 2014. Source: Trunk Club After earning a master’s degree a decade ago, David Hill wanted to amp up his personal style and signed up for the Trunk Club, which promised to mail […]
Read More
German energy giant RWE to burn extra coal as Russian gas supplies dwindle
An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. Alex Kraus | Bloomberg | Getty Images The chief financial officer of German energy firm RWE told CNBC Thursday that it will burn more coal in the short term — but […]
Read More