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X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5

Treasury Secretary Janet Yellen has told Congress that the U.S. could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal debt ceiling

2023-05-27 06:19

After yearslong delay, DEA revokes license of drug distributor over opioid crisis failures

The U.S. Drug Enforcement Administration has stripped one of the nation’s largest pharmaceutical distributors of its license to sell highly addictive painkillers after determining it failed to flag thousands of suspicious, high-volume orders at the height of the opioid crisis

2023-05-27 04:45

Crash of private Japanese moon lander blamed on software, last-minute location switch

A Tokyo company whose lunar lander slammed into the moon says a software issue and a last-minute switch in the touchdown location led to the crash

2023-05-26 23:20

First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan

About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase

2023-05-26 23:16

Hugh Grant's lawsuit alleging illegal snooping by The Sun tabloid cleared for trial

A London court has rejected an attempt by the publisher of The Sun newspaper to throw out a lawsuit by actor Hugh Grant alleging that journalists and investigators it hired illegally snooped on him

2023-05-26 23:15

Stock market today: Tech leads more gains in early trading on Wall Street

Stocks rose on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence

2023-05-26 22:24

UK's Treasury chief accepts that recession may be necessary to get inflation down

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation

2023-05-26 21:47

Stock market today: Tech lead more gains in early trading on Wall Street

Stocks are opening higher on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence

2023-05-26 21:46

Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says

A Singapore court says Credit Suisse owes billionaire and former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect his money in a trust pilfered by a manager

2023-05-26 21:28

After yearslong delay, DEA revokes license of wholesale drug distributor over opioid crisis failures

The U.S. Drug Enforcement Administration has stripped one of the nation’s largest pharmaceutical distributors of its license to sell highly addictive painkillers after determining it failed to flag thousands of suspicious, high-volume orders at the height of the opioid crisis

2023-05-26 21:23

A measure of inflation that is closely tracked by the Federal Reserve increased in April

A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high

2023-05-26 20:51

Russia says Ukraine attacks border regions; Moscow's forces strike Dnipro clinic

Authorities say Russia’s southern Belgorod region that borders Ukraine has come came under attack from Ukrainian artillery fire

2023-05-26 19:23