Donald Trump storms out of court as closing arguments begin in the E. Jean Carroll defamation trial in New York

The Federal Reserve’s favorite inflation gauge rose just 0.2% from November to December — the lowest level in nearly three years. The latest data on the personal consumption expenditures price index — also known as “core inflation” which strips away food and energy costs — is likely to whet the appetites of Wall Street investors…

U.S. antitrust enforcers are opening an inquiry into the relationships between leading artificial intelligence startups such as ChatGPT-maker OpenAI and the tech giants that have invested billions of dollars into them. The action targets Amazon, Google and Microsoft and their sway over the generative AI boom that’s fueled demand for chatbots such as ChatGPT, and…

CSX’s fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly. The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. That’s down from $1.02 billion, or 49 cents per share, a year earlier. The results for the latest quarter…

Sales of previously occupied US homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades and prices hit record highs, pushing homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing US home sales totaled 4.09 million…

Panel discussions, back-to-back private meetings, negotiations to get into the best parties: The World Economic Forum in Davos, Switzerland, was back to its prepandemic form this year, as leaders convened to discuss the state of the world. It was the first Davos gathering since 2020 without any Covid-related restrictions, as fears about the pandemic almost…

For about two months, a barrage of missile and drone attacks in the Red Sea by Houthi militants has posed a difficult choice to shippers using the Suez Canal: risk an airborne strike and pay sharply higher insurance rates, or forgo the canal and take the longer route around Africa, snarling schedules and entailing higher…