Business and Financial NewsFind the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.
An inspector general said the the investigation of officials at U.S. Agency for Global Media conducted by a private law firm for former CEO Michael Pack was a "waste or gross waste" of taxpayer money. The law firm charged the agency more than $1.6 million. The officials under review by Pack, shown above at a party earlier this year with Steve Forbes, were later exonerated.
Patrick McMullan/PMC via Getty Images
People welcoming China's ship Yuan Wang 5 wave Chinese and Sri Lankan flags at Sri Lanka's Hambantota International Port in Sri Lanka, Aug. 16.
Ajith Perera/Xinhua News Agency via Getty Images
Jill Mallen gets her groceries at a food pantry because of soaring inflation. She says she's a "confused" voter — a registered Democrat who feels Republicans did a better job of managing the economy.
CNN host Brian Stelter, shown in this photograph from 2018, tells NPR he is departing the network after it canceled his media analysis show "Reliable Sources." He had hosted the show for nine years.
Matt Winkelmeyer/Getty Images
Former Trump Organization chief financial officer Allen Weisselberg arrives for a hearing on his criminal case at Manhattan Criminal Court on Aug. 12 in New York City. The Manhattan District Attorney's office is charging Weisselberg and the Trump Organization with tax fraud after being accused of paying employees "off the books" in order to pay less taxes. Weisselberg has pleaded not guilty.
Michael M. Santiago/Getty Images
In this photo illustration, Janine Ramirez, a hearing aid specialist with Hear Again America, places a hearing aid on an ear Oct. 20, 2021, in Fort Lauderdale, Fla.
Joe Raedle/Getty Images
A boat is pictured on the shallow Rhine river near Oestrich Winkel, western Germany, on Aug. 12, as the water level passed below 40 centimeters, making ship transport increasingly difficult.
Yann Schreiber/AFP via Getty Images
An ITT Technical Institute campus in Rancho Cordova, Calif., is seen on Sept. 6, 2016. Students who used federal loans to attend ITT Tech as far back as 2005 will automatically get that debt canceled.