Business

Official White House Photo by Adam Schultz (WASHINGTON) — With time running short to address the debt ceiling or risk default ,President Joe Biden is cutting his upcoming foreign trip short amid the ongoing debt talks, a source familiar told ABC News Tuesday. Biden is set to depart Wednesday to meet with G-7 leaders in Japan, […]

LUDOVIC MARIN/POOL/AFP via Getty Images (NEW YORK) — Billionaire Elon Musk blasted Jeffrey Epstein, who he referred to as a “dumb crook,” after he was subpoenaed as part of a lawsuit filed by the U.S. Virgin Islands against JPMorgan Chase & Co., which officials said “financially profited” from deposits made by Epstein. In its filing, […]

Official White House Photo by Adam Schultz (WASHINGTON) — With time running short, President Joe Biden and congressional leaders will meet Tuesday afternoon to discuss the debt ceiling as Treasury Secretary Janet Yellen stressed a default could trigger a recession. Biden, House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer […]

Former CEO of Silicon Valley Bank Gregory Becker takes his seats as he arrives for a Senate Banking Committee hearing on Capitol Hill, May 16, 2023, in Washington, D.C. — Drew Angerer/Getty Images (WASHINGTON) — Senators from both parties slammed former Silicon Valley Bank CEO Greg Becker at a hearing on Tuesday, accusing him of […]

Jorge Villalba/Getty Images (NEW YORK) — Parents on TikTok are spreading the word about Target’s lenient return policy that applies to over 45 of their private label brands, including their children’s clothing line Cat & Jack. TikTokker Sandra Puente shared a recent shopping trip to Target where she said she returned Cat & Jack items […]

RapidEye/Getty Images (NEW YORK) — Vice Media, the youth-oriented publisher of prominent online outlets such as Vice and Motherboard, filed for bankruptcy on Monday, underscoring the fraught economic environment for digital media companies as economic growth slows and the advertising market softens. The group of sites, which includes food outlet Munchies and fashion news brand […]