Business News

Latest Business Video

Latest Business Headlines

1 hour ago

California moves closer to requiring new pollutant-warning labels for gas stoves

The California Assembly has approved legislation that would require new gas stoves to carry a label warning users about pollutants that have been linked to respiratory illnesses
1 hour ago
FILE - A gas-lit flame burns on a natural gas stove, March 26, 2024, in Los Angeles. California could soon ban the sale of new gas stoves unless they carry a label warning about pollutants they can release that have been linked to respiratory illnesses. The state Assembly approved the proposal Monday, May 13, 2024, that would require a warning label on gas stoves made or sold online after 2024, or sold in a store after 2025. (AP Photo/Richard Vogel, File)
2 hours ago

GOP attorneys general sue Biden administration and California over rules on gas-powered trucks

Dozens of Republican attorneys general are suing the Biden Administration and California over new limits on truck emissions
2 hours ago
FILE - Motor vehicle traffic moves along the Interstate 76 highway in Philadelphia, March 31, 2021. Dozens of Republican attorneys general on Monday, May 13, 2024, took legal action against the Biden Administration and California over new emissions limits for trucks. (AP Photo/Matt Rourke, File)
2 hours ago

Major agricultural firm sues California over farmworker unionization law

One of California's most influential agricultural companies has filed a lawsuit against the state to stop a contentious law that was meant to make it easier for farmworkers to unionize
2 hours ago
FILE - Farmworker Xochilt Nunez holds a copy of the bill signed by Gov. Gavin Newsom aimed at making it easier for farmworkers to unionize, in Sacramento, Calif., Sept. 28, 2022. One of California's most influential agricultural companies announced Monday, May 13, 2024, that it is suing the state to stop the contentious law to help farmworkers unionize. The legal action by the Wonderful Co. comes as it battles United Farm Workers over a newly formed union at one of its businesses. (AP Photo/Rich Pedroncelli, File)
3 hours ago

No criminal charges in rare liquor probe at Oregon alcohol agency, state report says

Oregon's justice department has concluded that criminal charges are not warranted in the rare liquor investigation that shook the state's alcohol agency last year
3 hours ago
FILE - A bottle of Old Pappy Van Winkle bourbon, a 10-year-old, is shown behind glass doors at a whiskey bar, Saturday, March 4, 2023. (AP Photo/Damian Dovarganes, File)
May 13

Owner of Raptors and Maple Leafs in talks to seal buying French soccer club Saint-Étienne

Storied French soccer club Saint-Étienne is in exclusive talks for a sale to the owner of the Toronto Raptors and Toronto Maple Leafs
May 13
May 13

Third person pleads guilty in probe related to bribery charges against US Rep. Cuellar of Texas

Federal investigators have secured a third guilty plea in connection with an investigation into U.S. Rep. Henry Cuellar of Texas, who is accused of accepting nearly $600,000 in bribes from an Azerbaijan-controlled energy company and a bank in Mexico
May 13
FILE - Rep. Henry Cuellar, D-Texas, speaks during a hearing of the Homeland Security Subcommittee of the House Committee on Appropriations with Homeland Security Secretary Alejandro Mayorkas on Capitol Hill, April 10, 2024, in Washington. In a statement released Friday, May 3, Cuellar denied any wrongdoing amid reports of pending indictments related to the former Soviet republic of Azerbaijan. (AP Photo/Mark Schiefelbein, File)
May 13

OpenAI launches GPTo, improving ChatGPT's text, visual and audio capabilities

OpenAI has introduced a new artificial intelligence model
May 13
FILE - The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, March 21, 2023, in Boston. OpenAI has introduced a new artificial intelligence model. It says it works faster than previous versions and can reason across text, audio and video in real time. (AP Photo/Michael Dwyer, File)
May 13

Ohio adult-use marijuana sales approved as part of 2023 ballot measure could begin by mid-June

Recreational marijuana could be available for sale in Ohio by mid-June
May 13
FILE - Nikko Griffin, left, and Tyra Patterson, call out to arriving voters for several issues, including Issue 2, legalizing recreational marijuana, at a parking lot during early in-person voting in Cincinnati, Nov. 2, 2023. (AP Photo/Carolyn Kaster, File)
May 13

Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile base

President Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a “national security risk.”
May 13
President Joe Biden, from second left, is greeted by Col. Tasha Lowrey, Joint Base Myer–Henderson Hall commander, and Command Sergeant Maj. Michael Fisheras, as he walks off of Marine One at Fort Lesley J. McNair in Washington, as he returns from a weekend in Delaware, Monday, May 13, 2024. (AP Photo/Susan Walsh)
May 13

US blocks Chinese-backed crypto miner from owning land near Wyoming nuclear missile base

US blocks Chinese-backed crypto miner from owning land near Wyoming nuclear missile base
May 13
May 13

How major US stock indexes fared Monday, 5/13/2024

U.S. stocks drifted to a mixed close near their record heights
May 13
May 13

US energy panel approves rule to expand transmission of renewable power

Federal energy regulators have approved a rule to expand the amount of renewable energy such as wind and solar power that is transmitted to the electric grid
May 13
FILE - Wind turbines work in Livermore, Calif., Aug. 10, 2022. Federal energy regulators on Monday, May 13, 2024, approved a long-awaited rule to expand the amount of renewable energy such as wind and solar power that is transmitted to the electric grid, a key part of President Joe Biden’s goal to decarbonize the economy by 2050. (AP Photo/Godofredo A. Vásquez, File)
May 13

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery rose 86 cents to $79.12 per barrel Monday
May 13
May 13

GM's Cruise to start testing robotaxis in Phoenix area with human safety drivers on board

General Motors’ troubled Cruise autonomous vehicle unit says it will start testing robotaxis in Arizona this week with human safety drivers on board
May 13
FILE - Cruise AV, General Motor's autonomous electric Bolt EV, is seen on Jan. 16, 2019, in Detroit. General Motors' troubled Cruise autonomous vehicle unit said Monday, May 13, 2024, that it will start testing robotaxis in Arizona this week with human safety drivers on board. (AP Photo/Paul Sancya, File)
May 13

OpenAI announces new version of AI language model that fuels ChatGPT

The model eliminates lag in response time and allows for user interruption.
May 13
The OpenAI ChatGPT logo is being displayed on a smartphone screen in Athens, Greece, Jan. 22, 2024.
May 13

Workers in Atlantic City casino smoking lawsuit decry 'poisonous' workplace; state stresses taxes

A group of Atlantic City casino workers has asked a judge to ban smoking in the gambling halls, citing the toxic effects of working there
May 13
A gambler lights a cigarette at a slot machine in Harrah's casino in Atlantic City N.J., on Sept. 29, 2023. On Monday, April 29, 2024, Atlantic City's main casino workers union asked a judge to let it intervene in that lawsuit. (AP Photo/Wayne
May 13

Roaring Kitty is back and so are meme stocks

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight.
May 13
VIDEO: Roaring Kitty is back and so are meme stocks
May 13

Argentina will get next installment of bailout as IMF praises Milei's austerity policies

The International Monetary Fund, Argentina’s biggest creditor, has agreed to release the next tranche of loans due under a bailout program
May 13
People pick through discarded produce at the central market for fruit and vegetables in Buenos Aires, Argentina, Friday, May 10, 2024. (AP Photo/Natacha Pisarenko)
May 13

US airlines are suing the Biden administration over a new rule to make certain fees easier to spot

U.S. airlines are trying to kill a new rule requiring them to disclose fees more quickly when consumers shop for flights
May 13
FILE - Passengers arrive at Terminal C at Orlando International Airport, Monday, March 18, 2024, in Orlando, Fla. U.S. airlines are trying to kill a new rule requiring them to disclose fees more quickly when consumers shop for flights. The airlines filed a lawsuit in federal appeals court against the Transportation Department, which issued the rule last month. (Joe Burbank/Orlando Sentinel via AP, File)
May 13

Melinda French Gates resigns as Gates Foundation co-chair, 3 years after her divorce from Bill Gates

Melinda French Gates announced Monday that she will step down as co-chair of the Bill & Melinda Gates Foundation
May 13
FILE - Co-chair of the Bill & Melinda Gates Foundation Melinda French Gates smiles as she leaves the Elysee Palace, June 23, 2023, in Paris. Melinda French Gates will step down as co-chair of the Bill & Melinda Gates Foundation, the nonprofit shone of the largest philanthropic foundations in the world that she helped her ex-husband Bill Gates found more than 20 years ago. (AP Photo/Christophe Ena, File)
May 13

Incyte, Squarespace rise; Chimera Investment, Amazon fall, Monday, 5/13/2024

Stocks that traded heavily or had substantial price changes on Monday: Incyte, Squarespace rise; Chimera Investment, Amazon fall
May 13
May 13

China and US envoys will hold the first top-level dialogue on artificial intelligence in Geneva

High-level envoys from the United States and China are set to meet in Geneva for talks about artificial intelligence
May 13
FILE -President Joe Biden, right, greets China's President President Xi Jinping, left, at the Filoli Estate in Woodside, USA, Wednesday, Nov. 15, 2023. High-level envoys from the United States and China are set to meet in Geneva for talks about artificial intelligence including the risks of the technology and ways to set shared standards to manage it. The meeting Tuesday is billed as an opening exchange of views in an inter-governmental dialogue on AI agreed during a meeting between U.S. President Joe Biden and Chinese President Xi Jinping in San Francisco. (Doug Mills/The New York Times via AP, Pool, File)
May 13

Hedge fund operators go on trial after multibillion-dollar Archegos collapse

A federal fraud trial has begun for the owner and chief financial officer of a hedge fund that collapsed
May 13
May 13

Greek and Turkish leaders seek to stress thawing relations but tensions remain under the surface

The leaders of Greece and Turkey have met for talks that were supposed to underline their efforts to put aside decades-old disputes but also revealed deep divisions between them
May 13
FILE - Greece's Prime Minister Kyriakos Mitsotakis, right, makes statements with Turkey's President Recep Tayyip Erdogan after their meeting at Maximos Mansion in Athens, Greece, Thursday, Dec. 7, 2023. Old foes Turkey and Greece will test a five-month-old friendship initiative on Monday, May 13, 2024 when Greek Prime Minister Kyriakos Mitsotakis visits Ankara. (AP Photo/Michael Varaklas, File)
May 13

Microsoft pledges $4.3 billion investment at Macron’s ‘Choose France’ summit

Microsoft has announced its most substantial commitment yet to France
May 13
Microsoft CEO Brad Smith, right, speaks to French President Emmanuel Macron at the French Microsoft headquarters in Issy-les-Moulineaux, outside Paris, Monday, May 13, 2024. Microsoft, which has been present in France for 41 years, is announcing a 4 billion euro investment this year, the largest to date in the country, to support French growth in the new artificial intelligence economy. (AP Photo/Thibault Camus, Pool)
May 13

Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight
May 13
FILE - In this image from video provided by the House Financial Services Committee, Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Feb. 18, 2021. The man at the center of the meme stock craze during the pandemic returned to the social platform X for the first time in three years Sunday, May 12, 2024, and sent prices of those stocks surging overnight. Keith Gill, better known as “Roaring Kitty” on the social media platform formerly known as Twitter, posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious. (House Financial Services Committee via AP, File)
May 13

Are US interest rates high enough to beat inflation? The Fed will take its time to find out

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year
May 13
FILE - Federal Reserve Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, May 1, 2024. The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. (AP Photo/Susan Walsh, File)
May 13

Software company Squarespace being taken private by Permira in $6.9 billion deal

Software company Squarespace is being taken private in an approximately $6.9 billion all-cash deal with private equity firm Permira
May 13
FILE - A banner for Squarespace hangs at the New York Stock Exchange, Wednesday, May 19, 2021. Software company Squarespace is being taken private in an approximately $6.9 billion all-cash deal with private equity firm Permira. Squarespace shareholders will receive $44 per share for each share they own. A special committee of the Squarespace board of directors unanimously approved and recommended the deal, which was then unanimously approved by the board. (AP Photo/Mark Lennihan, FIle)
May 13

Apple Store employees in Maryland vote to authorize a first strike

The vote followed what the union called “over a year of negotiations."
May 13
The vote followed what the union called “over a year of negotiations."
May 13

US company Booking Holdings added to European Union's list for strict digital scrutiny

Booking Holdings, the U.S. company that owns Booking
May 13
FILE - European Commissioner for Internal Market Thierry Breton addresses a media conference regarding the Digital Markets Act at EU headquarters in Brussels, Monday, March 25, 2024. The European Commission, the EU's executive branch, said on Monday, May 13, 2024, Booking.com meets the threshold to be classed as a “core platform service” under the 27-nation bloc's Digital Markets Act. The sweeping set of rules is designed to prevent Big Tech platforms from dominating online markets. (AP Photo/Virginia Mayo, File)
May 13

Amazon's self-driving robotaxi unit Zoox under investigation by US after 2 rear-end crashes

Amazon’s self-driving robotaxi unit is being investigated by the U.S. government’s highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists
May 13
FILE - The Amazon logo in Santa Monica, Calif., Sept. 6, 2012. Amazon’s self-driving robotaxi unit is being investigated by the U.S. government's highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists. The National Highway Traffic Safety Administration said in documents posted on its website Monday, May 13, 2024, it will evaluate the automated driving system developed by Zoox. (AP Photo/Reed Saxon, File)
May 13

Japan's SoftBank Group trims investment losses but remains in red for fiscal year

Japanese technology company SoftBank Group says it trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as investment losses declined
May 13
FILE - A woman walks in front of SoftBank store in Ginza shopping district in Tokyo, Jan. 20, 2020. SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday, May 13, 2024. (AP Photo/Eugene Hoshiko, File)
May 13

Illness took away her voice. AI created a replica she carries in her phone

Artificial intelligence voice-cloning technology carries so many risks of harmful impersonation that major technology companies are wary of letting people use it
May 13
Alexis Bogan types a response to a reporter's question with an app which approximates her lost voice, Thursday, March 11, 2024, at Rhode Island Hospital in Providence, R.I. Doctors treating Bogan, whose speech was impaired by a brain tumor, used a voice-cloning tool from OpenAI to recreate her previous voice. (AP Photo/Josh Reynolds)
May 13

Australian judge lifts court ban on X showing video of Sydney church stabbing

An Australian judge has lifted a ban on the social media platform X showing Australians a video of a bishop being stabbed in a Sydney church
May 13
Australia's eSafety Commissioner Julie Inman Grant attends a press conference at Parliament House in Canberra, June 15, 2021. An Australian judge Monday, May 13, 2024, lifted a ban on the social media platform X showing Australians a video of a bishop being stabbed in a Sydney church. X is also taking a separate court action against eSafety Commissioner Julie Inman Grant, a former Twitter employee, that challenges the validity of her notice requiring the platform to remove video of the April 15 attack in an Assyrian Orthodox church. (Mick Tsikas/AAP Image via AP)
May 13

Long-haul carrier Emirates sees $4.7 billion profit in 2023

The long-haul carrier Emirates says it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations
May 13
FILE - An Emirates Airbus A380 jumbo jet lands at Dubai International Airport in Dubai, United Arab Emirates, Friday, Sept. 9, 2022. The long-haul carrier Emirates announced Monday, May 13, 2024, it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations.(AP Photo/Jon Gambrell, File)
May 13

Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling
May 13
A Seagull electric vehicle from Chinese automaker BYD for test driving is parked outside a showroom in Beijing, Wednesday, April 10, 2024. The tiny, low-priced electric vehicle called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China. But it drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. Tariffs on imported Chinese vehicles probably will keep the Seagull away from America’s shores for now.(AP Photo/Ng Han Guan)
May 13

Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

A tiny, low-priced electric vehicle called the Seagull has American automakers and politicians trembling
May 13
A Seagull electric vehicle from Chinese automaker BYD for test driving is parked outside a showroom in Beijing, Wednesday, April 10, 2024. The tiny, low-priced electric vehicle called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China. But it drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. Tariffs on imported Chinese vehicles probably will keep the Seagull away from America’s shores for now.(AP Photo/Ng Han Guan)
May 13

Stock market today: Wall Street barely budges as S&P 500 remains just shy of its record

U.S. stocks drifted to a mixed finish, remaining near their record heights
May 13
FILE - People walk past the New York Stock Exchange on March. 21, 2024. World stocks are mixed on Monday, May 13, 2024, after Wall Street coasted to the close of another winning week. U.S. futures and oil prices were higher. (AP Photo/Yuki Iwamura, File)
May 13

Vast coin collection of Danish magnate is going on sale a century after his death

The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million
May 13
Coins from L. E. Bruun's collection on display on wooden tray, in Zealand, Denmark, May 7, 2024. The vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. (AP Photo/James Brooks)
May 13

Sen. Bob Menendez's corruption trial begins, his second in the last decade

The corruption trial of Sen. Bob Menendez has begun in Manhattan federal court as dozens of prospective jurors who claimed jury service would be a hardship were questioned one by one over a six-hour stretch
May 13
Sen. Bob Menendez, D-N.J., leaves the Manhattan federal court, after the first day of his corruption trial, Monday, May, 13, 2024, in New York. (AP Photo/Stefan Jeremiah)
May 12

Apple Store employees in Maryland vote to authorize a first strike over working conditions

The vote followed what the union called “over a year of negotiations."
May 12
FILE - The Apple logo is displayed at an Apple store, Jan. 3, 2019. Workers at the first Apple Store to unionize in Towson, Md., have now also authorized a first strike against the tech giant’s retail operations. (AP Photo/Mary Altaffer, File)
May 12

Hotel union workers end strike against Virgin Hotels Las Vegas

The largest labor union in Nevada has ended a planned 48-hour strike meant to pressure Virgin Hotels Las Vegas to agree to a five-year contract on wages and benefits
May 12
Culinary Local 226 members picket at the start of a 48 hour strike at Virgin Hotels in Las Vegas, Friday, May 10, 2024. About 700 workers walked off the job at a hotel-casino just off the Las Vegas Strip Friday morning in what union organizers said would be a 48-hour strike after spending months trying to reach a deal for new 5-year contract with Virgin Hotels. (K.M. Cannon/Las Vegas Review-Journal via AP)
May 12

Commuter rail service in Spain disrupted by theft of copper cables near Barcelona

Spanish rail authorities say commuter rail service serving Barcelona and northeastern Spain has suffered major disruption because of the theft of copper cables from a train installation
May 12
Employees try to give directions to passengers crowded at the entrance to the platforms, at Sants train station in Barcelona, Sunday, May 12, 2024. Catalonia's commuter rail service said it was forced to shut down several train lines due to the robbery of copper cables from an installation near Barcelona. Potentially thousands of voters had trouble reaching their polling stations after Catalonia's commuter rail service had to shut down several train lines due to what officials said was the robbery of copper cables from an installation near Barcelona. (AP Photo/Joan Mateu Parra)
May 12

Rebels kill at least 4 people during an attack on a Central African Republic mining town

Authorities say that anti-government rebels in the Central African Republic have carried out an attack in a village known for gold mining
May 12
May 12

A police officer was killed in Pakistan-held Kashmir during protests against price hikes

A protest against rising costs of food, fuel and utility bills has turned violent in Pakistani-controlled portion of Kashmir, leaving a police officer dead and dozens of people injured
May 12
May 12

A fire burns down a shopping complex housing 1,400 outlets in Poland's capital

A major fire broke out in a vast shopping complex in the Polish capital that housed some 1,400 shops and service outlets
May 12
A fire burns from a vast shopping complex in Warsaw, Poland, on Sunday, May 12, 2024. The fire broke out Sunday morning in a vast shopping complex in the Polish capital that housed some 1,400 shops and service outlets and where many of the vendors were from Vietnam. (AP Photo/Norbert Ofmanski)
May 12

Schools turn to artificial intelligence to spot guns as companies press lawmakers for state funds

Schools across the U.S. are increasingly turning to artificial intelligence and video cameras to spot guns
May 12
ZeroEyes analyst Mario Hernandez demonstrates the use of artificial intelligence with surveillance cameras to identify visible guns at the company's operations center, Friday, May 10, 2024, in Conshohocken, Pa. (AP Photo/Matt Slocum)
May 12

Lithuanians vote in a presidential election as anxieties rise over Russia and the war in Ukraine

Lithuanians have voted in a presidential election at a time when Russian gains on the battlefield in Ukraine are fueling greater fears about Moscow’s intentions
May 12
A woman walks to cast their ballots at a polling station during the first round of voting in presidential elections in Vilnius, Lithuania, Sunday, May 12, 2024. (AP Photo/Mindaugas Kulbis)
May 11

A'ja Wilson and Nike announce the Las Vegas Aces star is getting a signature shoe

Two-time WNBA MVP A’ja Wilson is getting a Nike signature shoe
May 11
FILE - Las Vegas Aces' A'ja Wilson (22) looks to pass during the first half in Game 3 of a WNBA basketball final playoff series against the New York Liberty Sunday, Oct. 15, 2023, in New York. The Two-time WNBA MVP is getting a Nike signature shoe, in a deal that was announced Saturday, May 11, 2024. (AP Photo/Frank Franklin II, File)
May 11

Marc Benioff lunch auction raises $1.5M for charity. Not bad for first year without Warren Buffett

The $200,100 winning bid for a private lunch with software titan Marc Benioff might appear disappointing at first glance after years of multimillion-dollar bids for a private meal with investor Warren Buffett
May 11
FILE - Salesforce CEO Marc Benioff, right, talks on stage during the Asia-Pacific Economic Cooperation (APEC) CEO Summit Thursday, Nov. 16, 2023, in San Francisco. The $200,100 winning bid for a private lunch with software titan Benioff might appear disappointing at first glance after years of multimillion-dollar bids for a private meal with investor Warren Buffett, but the winner also pledged to donate a total of $1.5 million to the California homeless charity that benefits from the auction. (AP Photo/Eric Risberg, File)