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Fed holds interest rates steady at highest level since 2001
The U.S. economy has faced a months-long stretch of stubborn inflation.
May 01, 2024Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costs
April 25, 2024140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear
The IRS says more than 140,000 taxpayers filed their taxes through its new direct file pilot program
April 26, 2024
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27 minutes ago
Global Citizen NOW urges investment in Sub-Saharan Africa and youth outreach
Global Citizen NOW says it wants 2024 conference attendees to invest long-term in the African continent's fast-growing youth population and increase outreach to young changemakers
27 minutes ago
1 hour ago
Airbnb offering Hollywood treatment to guests
Airbnb has created a special category for guests who want to live like movie stars. The online marketplace for consumers to book short or long-term stays is offering homes inspired by movies.
1 hour ago
2 hours ago
Maui sues cell carriers over wildfire warning alerts that were never received during service outages
Maui County is suing major cellular carriers for failing to properly inform police of widespread service outages during the height of last summer’s deadly wildfire
2 hours ago
2 hours ago
Turkey halts all trade with Israel over military actions in Gaza
Turkey has announced that it is suspending all imports and exports to Israel over its ongoing military action in Gaza
2 hours ago
3 hours ago
Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion
3 hours ago
3 hours ago
Apple's quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outset
3 hours ago
4 hours ago
The Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy
4 hours ago
4 hours ago
Kentucky governor predicts trip to Germany and Switzerland will reap more business investments
Gov. Andy Beshear is predicting that his recent economic development trip to Germany and Switzerland will reap more business investments in Kentucky
4 hours ago
4 hours ago
How major US stock indexes fared Thursday, 5/2/2024
U.S. stocks closed higher and trimmed their losses for the week
4 hours ago
May 02
Interest rates could be high for much longer. Here's what it means for you
The Fed held interest rates steady at a meeting this week.
May 02
May 02
Russian state media is posting more on TikTok ahead of the U.S. presidential election, study says
A study by the nonprofit Brookings Institution says Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the U.S. presidential election
May 02
May 02
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell 5 cents to $78.95 per barrel Thursday
May 02
May 02
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers
May 02
May 02
Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board
Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors
May 02
May 02
Qualcomm, Carvana rise; DoorDash, Qorvo fall, Thursday, 5/2/2024
Stocks that traded heavily or had substantial price changes on Thursday: Qualcomm, Carvana rise; DoorDash, Qorvo fall
May 02
May 02
Average long-term US mortgage rate rises for again, reaching highest level more than five months
The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year
May 02
May 02
Amazon CEO Andy Jassy's comments about unions violated federal law, NLRB judge rules
An administrative law judge has ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago
May 02
May 02
Final cost in for Mets' sorry 2023 season $420 million in payroll plus luxury tax
The final cost of the Mets’ sorry 2023 season has been totaled: $420 million
May 02
May 02
AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly
May 02
May 02
Broadband internet services are disrupted in most parts of Nepal
Broadband internet are disrupted in many parts of Nepal as Indian vendors from whom most Nepali private operators source the bandwidth stopped providing the services because of payment defaults
May 02
May 02
Judge in landmark antitrust case grills Google, Justice during closing arguments
The judge overseeing a pivotal antitrust trial focused on whether Google is stifling competition and innovation has repeatedly indicated he believes it would be difficult for a formidable rival search engine to emerge
May 02
May 02
Senators want limits on the government's use of facial recognition technology for airport screening
A bipartisan group of senators wants restrictions on the use of facial recognition technology by the Transportation Security Administration
May 02
May 02
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business
May 02
May 02
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery
May 02
May 02
Number of Americans applying for jobless claims remains historically low
The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and elevated inflation
May 02
May 02
Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute
May 02
May 02
EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration
The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and migrants from the small, crisis-wracked country across the...
May 02
May 02
Japan's Kishida unveils a framework for global regulation of generative AI
Japanese Prime Minister Fumio Kishida has unveiled an international framework for regulation and use of generative AI
May 02
May 02
One Tech Tip: How to repair an electric toothbrush
Toothbrushes used to be simple, powered only by your hand so they never broke down
May 02
May 02
Cyprus gives Chevron another 6 months to come up with a timetable on a natural gas field development
Cyprus has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan was deemed lacking in a specific timetable
May 02
May 02
Stock market today: Wall Street climbs to trim its loss for the week
U.S. stocks closed higher and trimmed their losses for the week
May 02
May 02
Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia
May 02
May 02
For ex-Derby winner Silver Charm, it's a life of leisure and Old Friends at Kentucky retirement farm
Michael Blowen can step outside his house anytime and visit retired racehorses at Old Friends, the thoroughbred retirement farm he founded in Kentucky two decades ago
May 02
May 01
More money is going to African climate startups, but a huge funding gap remains
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa
May 01
May 01
Jury at Abu Ghraib civil trial might not be able to reach verdict: judge says
The judge presiding over the trial of a military contractor accused of contributing to detainees' mistreatment at the Abu Ghraib prison in Iraq two decades ago is speculating that the jury may not be able to reach a verdict
May 01
May 01
Consumer groups push Congress to uphold automatic refunds for airline passengers
Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours
May 01
May 01
Say hello (again) to EA Sports College Football. The beloved video-game behemoth is back
Gamers’ appetites for immersive sports video games have not changed much since the heyday of EA Sports' college football
May 01
May 01
Campaign to raise Missouri's minimum wage to $15 an hour confident it will get on the ballot
Missouri voters have gotten a step closer to getting to decide whether to raise the state’s minimum wage to $15 an hour
May 01
May 01
Vendor that mishandled Penn. virus data to pay $2.7M in federal whistleblower case
A staffing company that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the U.S. Justice Department and a whistleblower
May 01
May 01
US regulators maintain fishing quota for valuable baby eels, even as Canada struggles with poaching
U.S. regulators have decided to allow American fishermen to harvest thousands of pounds of a valuable species of tiny fish in the coming years, even as Canadian authorities have shuttered the industry while they grapple with poaching
May 01
May 01
How major US stock indexes fared Wednesday, 5/1/2024
U.S. stocks finished mixed after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they’re delayed because of stubbornly high inflation
May 01
May 01
AP PHOTOS: Workers rule the streets on May Day
For one day, workers ruled the world’s biggest streets.
Thousands strong marched Wednesday to mark May Day, the first day of the month when workers’ rights are celebrated in demonstrations around the globe.
From Seoul to Paris, Istanbul to Berlin, they drew attention to stagnant wages and the high cost of living as they took aim at their governments. In some cases, their governments returned fire.
In Turkey, police in riot gear shot rubber bullets and tear gas at thousands of protesters who clashed with officers as they tried to break through a barricade and reach Istanbul’s Taksim square in defiance of a ban.
Tear gas also rose from the streets of Paris, where workers seeking higher pay and better conditions were joined by others rankled by the upcoming Summer Games. They torched replica Olympic rings.
Standing out in the crowds were the many messages held high on banners or scrawled in pen on simple signs.
“We work to live!!! Not to die!!!” read the sign held by a man in...
May 01
May 01
Federal Reserve leaves interest rates unchanged
ABC News business reporter Alexis Christoforous breaks down what this means for the economy.
May 01
May 01
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand
May 01
May 01
Companies shift profits into record dividends, but show more caution on stock buybacks
Companies continued rewarding investors with healthy dividends in 2023 even as they tread more cautiously with returning profits through stock buybacks
May 01
May 01
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell $2.93 to $79 per barrel Wednesday
May 01
May 01
Union Pacific undermined regulators' efforts to assess safety, US agency says
Federal regulators say Union Pacific managers undermined their efforts to assess safety at the railroad by coaching employees on how to respond and suggesting they might be disciplined
May 01
May 01
Lawsuit against Meta asks if Facebook users have right to control their feeds using external tools
Do social media users have the right to control what they see — or don’t see — on their feeds
May 01
May 01
Fed holds interest rates steady at highest level since 2001
The U.S. economy has faced a months-long stretch of stubborn inflation.
May 01
May 01
This Texas veterinarian helped crack the mystery of bird flu in cows
It was a Texas veterinarian who collected samples from dairy farms that confirmed the outbreak of H5N1 bird flu in cattle for the first time
May 01