Jamie Dimon told House Democrats that Congress should 'get rid of' the debt ceiling, source says
During a closed-door lunch on Tuesday, JPMorgan Chase CEO Jamie Dimon told moderate House Democrats that Congress should abolish the debt ceiling, a person familiar with the matter tells CNN.
2023-06-07 05:26
Recalled pillows linked to 10 infant deaths still being sold on Facebook Marketplace, US agency says
Federal safety regulators are urging consumers to stop using baby pillows that have been linked to 10 infant deaths but are still being sold on Facebook Marketplace, despite being recalled two years ago
2023-06-07 05:18
Lululemon stands by decision to fire employees who intervened in robbery
Lululemon's CEO Calvin McDonald said the retailer stands by its decision to fire two employees who tried to intervene during a theft at one of its stores.
2023-06-07 03:58
SEC sues Coinbase for allegedly acting as an unregistered crypto broker
The US Securities and Exchange Commission, Wall Street's top regulator, sued Coinbase, America's largest crypto exchange, on Tuesday. The SEC is cracking down on some of the biggest names in cryptocurrency over alleged security violations.
2023-06-07 03:53
Biden convenes his Cabinet on the heels of debt ceiling resolution
President Joe Biden is set to convene his Cabinet Tuesday, bringing his top lieutenants together to discuss a wide range of topics for the first Cabinet meeting since he declared his candidacy for reelection and days after Congress passed a bipartisan bill to avert a catastrophic default.
2023-06-07 03:15
340,000 UPS workers are voting whether to authorize a massive strike
As Americans become even more reliant on delivery, hundreds of thousands of UPS workers this week could authorize a strike that will bring the world's biggest package courier to a standstill.
2023-06-07 02:58
Newborn deaths prompt federal warning over recalled Bobby baby loungers
The US Consumer Product Safety Commission on Tuesday urged parents and caregivers to stop using Boppy Newborn Loungers -- a pillow for infants -- after two more infants died after the agency issued a mass recall of the product in 2021.
2023-06-07 02:54
US government ramps up its gas price forecast. Blame OPEC and Saudi Arabia
Forecasters at the US Energy Department on Tuesday ramped up their forecasts for American oil and gasoline prices next year, citing new steps by Saudi Arabia and OPEC+ to restrain the supply of oil.
2023-06-07 02:49
US venture capital titan Sequoia to split off China business amid tension with Beijing
Venture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands.
2023-06-07 01:19
Amtrak CEO: Pandemic delayed profitability by years
The CEO of perennially unprofitable Amtrak joked to Congress Tuesday that the fastest track to a financial turnaround would be to stop operating trains and instead "go into the real estate business." But he said he has no intention of doing so.
2023-06-07 00:51
Half of the biggest global companies plan to cut office space. US cities will suffer most
Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, new research has found.
2023-06-06 23:16
Maria Sherman appointed AP's music writer, based in Los Angeles
Maria Sherman has been named The Associated Press’ music writer, a key position responsible for delivering news on a beat of global significance for the news cooperative
2023-06-06 21:59