Senate Democrats turned against Robert Menendez Tuesday, with fellow New Jersey Senator Cory Booker and the chairman of the Democrats’ fund-raising arm sending the strongest signal yet that they won’t support him as he fights federal corruption charges.
The US banking industry’s total deposits declined year-over-year for the first time in data going back to 1994 following a tumultuous period for the banking sector.
More than 3,000 New Yorkers died of drug overdoses in 2022, the highest number since the city began keeping records more than two decades ago, as the synthetic opioid fentanyl takes an increasing toll.
Failed crypto lender BlockFi Inc. won bankruptcy court approval on its plan for shutting down its business, a milestone that could result in customers getting back a portion of what they’re owed by the end of the year.
(Bloomberg) — A New Jersey businessman pleaded not guilty to charges that he bribed US Senator Robert Menendez in exchange for pressuring federal agriculture officials to support a monopoly he had on halal meat exports to Egypt.
US stocks sank to the lowest since early June Tuesday as confidence in the economy stalled leaving investors to contemplate a protracted period of high interest rates. The dollar extended its winning streak for a fifth day.
Jeff Bezos’ Blue Origin has spent two decades trailing Elon Musk’s SpaceX in the space-exploration race. To fix this, Bezos has turned to a trusted Amazon.com Inc. lieutenant known for getting products out the door.
Peruvian Prime Minister Alberto Otarola vowed to keep social unrest in check to allow mines to continue churning out copper and pave the way for investments needed to retain the nation’s status as the second-biggest producer of the metal.
Acting Labor Secretary Julie Su and senior White House adviser Gene Sperling were in Michigan Tuesday to speak with the United Auto Workers union and representatives from the Big Three legacy automakers, a move by the Biden administration to ramp up communication with the parties amid a historic strike.
Federal Trade Commission Chair Lina Khan stopped short of explicitly calling for a breakup of Amazon.com Inc., but said that her agency would ask a judge to halt the company’s “illegal conduct” if its antitrust suit succeeds.
