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Business News
It'll still be more expensive to buy than rent in 5 years. Here's why
The market is expected to stay that way for the next five years, a report found.
March 21, 2024Fed's Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates
April 16, 2024Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades
The stock price for Donald Trump’s social media company is sliding again
April 15, 2024
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20 minutes ago
Justin Trudeau's government raises taxes on wealthiest Canadians in federal budget
Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government
20 minutes ago
2 hours ago
Another record for New Jersey internet gambling revenue as in-person winnings struggle
New Jersey’s high-flying internet gambling market continues to smash records
2 hours ago
3 hours ago
Police make arrests a year after theft of gold and cash worth millions at Toronto's Pearson airport
Authorities in Canada say they have made arrests in the theft of a cargo container that included gold and other items worth over 20 million Canadian dollars — about $14.5 million — that were stolen from Toronto’s Pearson International airport a year ago
3 hours ago
3 hours ago
Retired general's testimony links private contractor to Abu Ghraib abuses
An Army general who investigated the abuse of prisoners 20 years ago at Iraq’s infamous Abu Ghraib prison has testified that a civilian contractor instructed prison guards to “soften up” detainees for interrogations
3 hours ago
3 hours ago
How major US stock indexes fared Tuesday, 4/16/2024
Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while
3 hours ago
3 hours ago
United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes
United Airlines says it lost $124 million in the first quarter, and it's blaming Boeing
3 hours ago
4 hours ago
Participant, studio behind 'Spotlight,’ ‘An Inconvenient Truth,’ shutters after 20 years
Participant, the activist film and television studio that has financed Oscar winners and socially conscious documentaries, is closing its doors after 20 years
4 hours ago
4 hours ago
Trump’s Truth Social stock plummets
Shares of Truth Social soared upon the company’s market debut in March -- but the stock price has plummeted since then.
4 hours ago
4 hours ago
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for May delivery fell 5 cents to $85.36 per barrel Tuesday
4 hours ago
April 16
Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy
On the eve of a vote on union representation at Volkswagen’s Tennessee factory, Gov. Bill Lee and five other southern governors are telling workers that voting for a union will put jobs in jeopardy
April 16
April 16
Fed's Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates
April 16
April 16
Coal miners have long faced risk of black lung disease. Now they're getting new protections
The Labor Department has issued a new rule intended to protect coal miners from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory ailment known as “black lung” disease
April 16
April 16
US files 2nd labor complaint after Mexico refuses to act on union-busting by a Mexican company
The United States has filed a labor complaint panel after Mexico refused to act on alleged union-busting by a Mexican company
April 16
April 16
Business Headlines: Tesla struggles as stock hits its lowest level in over a year
The drop in stock came shortly after the electric vehicle maker announced it was laying off 10% of its workforce
April 16
April 16
The Biden administration recruits 15 states to help enforce airline consumer laws
The Biden administration is enlisting officials in 15 states to help enforce consumer-protection laws covering air travel
April 16
April 16
Supreme Court won't hear election denier Mike Lindell's challenge over FBI seizure of cellphone
The U.S. Supreme Court has denied a petition by MyPillow founder and election denier Mike Lindell to consider his challenge to the legality of the FBI’s seizure of his cellphone at a Minnesota restaurant drive-through
April 16
April 16
Why is Trump's Truth Social stock plummeting?
The stock has declined 68% since late March.
April 16
April 16
UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall, Tuesday, 4/16/2024
Stocks that traded heavily or had substantial price changes on Tuesday: UnitedHealth Group, Morgan Stanley rise; PNC Financial, Live Nation fall
April 16
April 16
Dr. Martens shares plunge to record low after weak US revenue outlook
Shares of Dr. Martens have plunged after the iconic British brand forecast wholesale revenue in the U.S., its largest market, would decline by double-digits compared with last year
April 16
April 16
Microsoft invests $1.5 billion in AI firm G42, overseen by UAE's national security adviser
Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser
April 16
April 16
Crop-rich California region may fall under state monitoring to preserve groundwater flow
California officials are considering whether to take over monitoring groundwater use in part of the fertile San Joaquin Valley under a landmark law aimed at protecting water flow to homes and farms
April 16
April 16
Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions
Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East
April 16
April 16
Home values rising in Detroit, especially for Black homeowners, study shows
Home values in Detroit have increased by billions of dollars in the years following the city’s exit from the largest municipal bankruptcy in U.S. history
April 16
April 16
Business boom: Record numbers of people are starting up new small businesses
Record numbers of people are starting new businesses, and more and more of them are women and minorities, according to a new study
April 16
April 16
A top Federal Reserve official opens door to keeping rates high for longer
Federal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation
April 16
April 16
Ohio man fatally shot Uber driver after scam phone calls targeted both of them, authorities say
An Ohio man who authorities say fatally shot an Uber driver he thought was trying to rob him after scam phone calls deceived them both has been indicted on a murder charge
April 16
April 16
2023 was a record year for wind installations as world ramps up clean energy, report says
The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry’s trade association
April 16
April 16
Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into its performance
April 16
April 16
NHL announces Bodyarmor as its new sports drink, replacing BioSteel
The NHL and NHL Players' Association on Tuesday announced a multiyear agreement with Bodyarmor to be the league's official sports drink
April 16
April 16
IMF: Outlook for world economy is brighter, though still modest by historical standards
The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth
April 16
April 16
Bank of America's Q1 profits fall 18% on higher expenses, charge-offs
Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates
April 16
April 16
Apple CEO says that he wants to increase investments in Vietnam
Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub
April 16
April 16
Singapore's outgoing prime minister will stay on as senior minister, his successor says
Singapore’s incoming leader says Prime Minister Lee Hsien Loong will stay on as senior minister in the government after he steps down next month
April 16
April 16
Pakistan and Saudi Arabia call for a cease-fire in Gaza, saying efforts so far are insufficient
Pakistan and Saudi Arabia have called for an immediate cease-fire and uninterrupted delivery of humanitarian aid in Gaza
April 16
April 16
Biden visits his Pennsylvania hometown to call for more taxes on the rich and cast Trump as elitist
President Joe Biden has begun three straight days of campaigning in Pennsylvania in his childhood hometown of Scranton
April 16
April 16
The German chancellor presses China on Russia's invasion of Ukraine
German Chancellor Olaf Scholz says he asked Chinese leader Xi Jinping to pressure Russia to end its “insane campaign” in Ukraine, the latest in a parade of European leaders and senior officials to make such an appeal
April 16
April 16
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while
April 16
April 16
Fire destroys Copenhagen's Old Stock Exchange dating to 1600s, collapsing its dragon-tail spire
A fire has swept through one of Copenhagen’s oldest buildings, causing the Old Stock Exchange's iconic dragon-tail spire to collapse
April 16
April 16
Nissan says it will make next-generation EV batteries by early 2029
Nissan says it expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029
April 16
April 16
Weedkiller manufacturer seeks lawmakers' help to squelch claims it failed to warn about cancer
The maker of a popular weedkiller is turning to lawmakers in key states to try to squelch legal claims that it failed to warn about cancer risks
April 16
April 16
What Winnie the Pooh and Mickey Mouse can tell us about the public domain and remix culture
Winnie the Pooh and Mickey Mouse have recently entered the public domain, making it possible for artists to use them freely
April 16
April 15
China's economy grew 5.3% in first quarter, beating expectations, though weak spots remain
China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness persisted
April 15
April 15
China's economy grew at 5.3% in the first quarter, beating estimates with help from policies and better demand
China's economy grew at 5.3% in the first quarter, beating estimates with help from policies and better demand
April 15
April 15
Hochul announces budget outline as lawmakers continue to hash out details
New York Gov. Kathy Hochul has announced the framework of a $237 billion budget that includes broad plans to drive new housing construction, address the influx of migrants and crack down on illegal marijuana shops
April 15
April 15
Boeing pushes back on whistleblower's allegations and details how airframes are put together
Boeing is defending the integrity of the fuselages on two of its largest planes
April 15
April 15
Hockey business is booming as the NHL bounces back from the pandemic in a big way
As the NHL playoffs begin this weekend, ushering in the most exciting hockey of the year, business is booming and the league has bounced back in a big way from the pandemic
April 15
April 15
NASA is seeking a faster, cheaper way to bring Mars samples to Earth
NASA is seeking a faster, cheaper way to bring rock samples from Mars to Earth
April 15
April 15
How major US stock indexes fared Monday, 4/15/2024
U.S. stocks slumped after higher yields in the bond market cranked up the pressure on Wall Street
April 15
April 15
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for May delivery fell 25 cents to $85.41 per barrel Monday
April 15
April 15
The pilots union at American Airlines says it's seeing more safety and maintenance issues
The pilots union at American Airlines says there's been a significant spike in safety and maintenance issues at the airline
April 15