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WASHINGTON (AP) — Here is a transcript of an Associated Press interview Wednesday with Tom Barkin, president of the Federal Reserve Bank of Richmond. It has been lightly edited for length and clarity.

Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter

Topgolf Callaway Brands Corp. tumbled by the most since October 2020 on Wednesday after the company cut its

(Reuters) -Beyond Meat reported a smaller quarterly loss on Wednesday, benefiting from easing supply chain pressures, cost control measures and

Nordstrom Inc on Wednesday named former Target CFO Cathy Smith as its new finance chief, effective May 29.

Robinhood Markets Inc reported a 47% jump in its first-quarter revenue on Wednesday, as the U.S. Federal Reserve's

Disney reported a drop in adjusted quarterly profits, even as it trimmed losses on its streaming business and reported stronger profits from its theme parks.

By Lisa Richwine and Dawn Chmielewski LOS ANGELES Walt Disney Co reduced losses in its streaming media unit

Rep. George Santos has been charged in a federal criminal probe that -- from a legal standpoint -- won't affect his status as a member of Congress but will ensnare him in a potentially yearslong court process that could result in a sentence of several years in prison.

As leaders in Washington fail to make progress on a debt ceiling deal, Moody's Analytics is warning of disastrous implications for American jobs if the United States defaults on its debt for an extended period.

George Santos described criminal charges against him as a “witch hunt” in a defiant press conference following his arrest on Wednesday. The New York congressman spoke outside a federal courthouse after being arraigned on charges of fraud, theft of public funds and money laundering. “It’s a witch hunt,” he told a crowd of reporters. “I’m gonna fight my battle, I’m gonna deliver, I’m gonna fight the witch hunt, I’m gonna take care of clearing my name,” he said, adding that he was planning to run for reelection. The 34-year-old congressman for New York’s third district, who won his election after a campaign that was littered with lies about his past, was arrested shortly after 9am after turning himself in to authorities. In the 13-count indictment, federal prosecutors accused Mr Santos of lying on financial disclosure forms he filed to the House when he became a candidate, first by overstating his income from one job and failing to disclose income from another, and secondly by lying about his earnings from his company, the Devolder Organization. Prosecutors also allege that Mr Santos fraudulently used donations to his political campaign for his own benefit, spending “thousands of dollars of the solicited funds on personal expenses, including luxury designer clothing and credit card payments.” The indictment alleges that Mr Santos’s fraud began before his successful run for Congress, accusing him of running an unemployment insurance fraud scheme in which he applied for government assistance in New York while still employed by a Florida-based investment firm. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself,” Breon Peace, the US attorney for the Eastern District of New York, said in a statement. Mr Santos pleaded not guilty to the charges and was released on a $500,000 bond following his arraignment, which lasted for around 15 minutes. His lawyer said that the congressman surrendered his passport to the court. Mr Santos could face up to 20 years in prison if convicted. Read More Here are the 13 counts New York Rep. George Santos faces George Santos pleads not guilty to duping donors, stealing campaign cash to burnish wealthy image George Santos pleads not guilty to 13 charges – live

Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve’s 2% target, a top Fed official said Wednesday, hours after price data for April were released