By Howard Schneider WASHINGTON – The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis,…
By William Schomberg WATFORD, England – When Zara Asamoah graduated early in the coronavirus pandemic, she had no fixed abode and her chances of finding work looked remote. Now, thanks…
By Can Sezer and Orhan Coskun ISTANBUL – President Tayyip Erdogan’s wager that Turkey could ride out an inflation and currency shock with low rates and reserves has all but…
By Lucia Mutikani WASHINGTON – U.S. consumer prices surged in February, forcing Americans to dig deeper to pay for rent, food and gasoline, and inflation is poised to accelerate even…
NEWARK, N.J. – A former New Jersey resident was sentenced today to 29 months in prison for his role in an investment scheme through which he fraudulently obtained more than…
MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Marvin Coates, 34, Sun Prairie, Wisconsin was sentenced today by Chief U.S. District…
LOS ANGELES – The former chief executive of Aviron Pictures has agreed to plead guilty to federal fraud and money laundering charges, admitting that he applied for and received…
By Stephen Culp NEW YORK – Wall Street resumed its slide on Thursday, ending in the red as inflation hit a four-decade high, cementing expectations that the U.S. Federal Reserve…
– U.S. Senator Joe Manchin wants his fellow Democrats on the Senate Banking Committee to move ahead with four of President Joe Biden’s five nominees to the Federal Reserve, dropping…
By Chavi Mehta – Oracle Corp forecast fourth-quarter profit above Wall Street estimates as the legacy software firm expects its heavy cloud investments to pay off, as more businesses ramp…
By Makiko Yamazaki TOKYO – The top shareholder in Toshiba Corp and two influential proxy advisory firms joined a growing list of investors on Thursday who oppose the Japanese firm’s…
By Akash Sriram and Paul Lienert – Rivian Automotive Inc warned on Thursday that supply-chain issues could cut its planned production in half in 2022 to 25,000 vehicles, sending shares…
NEW YORK – Major U.S. banks have started announcing plans to wind down operations in Russia in the wake of its invasion of Ukraine and retaliatory sanctions. On Thursday, Goldman…
By Jason Lange and Ann Saphir WASHINGTON – U.S. consumers plan to cut spending on restaurant meals and movies if gasoline prices keep rising as Russia’s invasion of Ukraine rattles…
CONCORD – Dylan Greene, 40, of Dover, was sentenced to 72 months in federal prison for possession of fentanyl with intent to distribute, United…
MACON, Ga. – A Macon resident pleaded guilty to federal charges resulting from a lengthy investigation into a significant multi-state dog fighting and cocaine trafficking network. Shelley Johnson aka Gold Mouth,…
Reagor Dykes Auto Group owner Bart Reagor was sentenced today to 14 years in federal prison for lying to a bank about his company’s prospects, announced U.S. Attorney for the…
NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 108 months in prison for conspiring to obtain mortgage loans to finance the sale of properties to…
By Shariq Khan BENGALURU – Oil prices settled about 2% lower on Thursday after a volatile session, a day after its biggest daily dive in two years, as Russia pledged…
By Rich McKay and Sharon Bernstein – A surge in U.S. retail gasoline prices to record highs has prompted governors and lawmakers in several states to consider slashing their fuel…
By Jamie Freed – Aircraft lessor BOC Aviation Ltd believes a deadline giving lessors just over two weeks left to end contracts with Russian carriers due to sanctions over its…
– Barclays appointed Ihsan Essaid as co-head of its global mergers and acquisitions business, according to a memo seen by Reuters on Thursday. Essaid is a veteran of about three…
By Roberto Samora SAO PAULO – Six South American nations are proposing the exclusion of fertilizer from sanctions on Russia, a major world producer whose invasion of Ukraine has disrupted…
By Megan Davies, Davide Barbuscia and Aziz El Yaakoubi – In the scramble by some bankers and financial industry executives to leave Moscow, Dubai is turning out to be a…
By Echo Wang and David Shepardson – TikTok is nearing a deal for Oracle Corp to store its U.S. users’ information without its Chinese parent ByteDance having access to it,…