Allison Robbert/Pool via Reuters
Business News
A million taxpayers will soon receive up to $1,400 from the IRS
Approximately 1 million taxpayers will automatically receive special payments.
December 22, 2024Millions of people may get expanded Social Security benefits. Who are they and how would it happen?
Nearly 3 million people could receive a boost in Social Security payments under legislation that's set for a final vote in the Senate
December 19, 2024Surge of anti-corporate sentiment in aftermath of UnitedHealthcare CEO killing
"Wanted" signs naming executives were posted in Manhattan this week, NYPD said.
December 12, 2024
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December 26
FDA proposes new testing rules to ensure cosmetics are asbestos-free
The Food and Drug Administration is proposing a rule that cosmetic companies would have to take extra steps to ensure that any products containing talc are free of asbestos
December 26
December 26
Average rate on a 30-year mortgage climbs to 6.85%, highest since July
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans
December 26
December 26
Holiday shopping surges, flexing strength of US economy
Consumers have kept the economy humming, despite high interest rates.
December 26
December 26
Five facts about electric vehicles in 2024
Here are a few takeaways on electric vehicles in 2024: As of November, the global EV market grew by 25% year-over-year
December 26
December 26
US unemployment applications hold steady; continuing claims hit 3-year high
The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years
December 26
December 26
Finland stops Russia-linked vessel over damaged undersea power cable in Baltic Sea
Finnish police say authorities detained a ship linked to neighboring Russia as they investigate whether it damaged a Baltic Sea power cable and several data cables
December 26
December 26
Returning to the office can disrupt life. Here are some tips to navigate the changes
Thousands of workers are facing an unsettling reality heading into 2025
December 26
December 26
Chinese automaker BYD slams reports of poor conditions at a factory site in Brazil
A spokesperson for Chinese automaker BYD has objected to reports about poor conditions at a construction site in Brazil where it is building a factory, saying the allegations were aimed at “smearing” China and Chinese brands
December 26
December 25
Japan to maximize nuclear power in clean-energy push as electricity demand grows
A Japanese government panel has largely supported a draft energy policy calling for bolstering renewables up to half of Japanese electricity needs by 2040
December 25
December 25
Edmunds: Five dream-worthy vehicles you wish you got for the holidays
Edmunds highlights five dream-worthy vehicles for holiday wish lists, focusing on models that are luxurious yet somewhat attainable
December 25
December 24
Prosecutors find workers in 'slavery like' conditions at Chinese car company site in Brazil
A task force led by Brazilian prosecutors says it has rescued 163 Chinese nationals working in “slavery-like” conditions at a construction site in northeastern Brazil, where Chinese electric vehicle company BYD is building a factory
December 24
December 24
Starbucks strike expands to 300 stores on Christmas Eve
Work stoppages on Tuesday mark the last wave of an escalating strike.
December 24
December 24
Heavy travel day starts with brief grounding of all American Airlines flights
American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive
December 24
December 24
After fighting virus, storms and Republicans, departing North Carolina Gov. Cooper focuses on wins
North Carolina Gov. Roy Cooper leaves his job next week after eight years
December 24
December 23
Biden to decide on US Steel deal after panel fails to reach consensus
A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel
December 23
December 23
Why Amazon workers face difficulty disrupting deliveries through organized protests
There is little evidence of delays, but customers may be impacted, experts say.
December 23
December 23
Starbucks strike expands, closes nearly 60 US stores
A five-day strike by Starbucks baristas had closed at least 59 stores as of Monday afternoon, according to the union organizing the workers
December 23
December 23
Company official charged in 2022 oil-chemical discharge into Michigan's Flint River
A chemical company official has been charged in connection with the unauthorized discharge of oil that left a miles-long dark, oily sheen on the Flint River in Michigan
December 23
December 23
Starbucks strike expands to 12 cities
Striking baristas brought business to a halt in almost 50 stores nationwide on Sunday across multiple cities, Workers United said. ABC News' Alexis Christoforous reports.
December 23
December 23
Starbucks strike expands to 12 cities
Workers have escalated the strike each day since it began on Friday.
December 23
December 23
Government regulators close investigation into Ford Focus recalls
Government safety regulators are closing an investigation into two previous recalls of the Ford Focus after determining that Ford Motor Co. has satisfied its concerns
December 23
December 23
AI eavesdrops on world's wildest places to track, help protect endangered wildlife
A biologist hid 350 audio monitors across Costa Rica’s tropical rainforests to spy on endangered spider monkeys in order to help protect them
December 23
December 23
American consumers feeling less confident in December, Conference Board says
American consumers are feeling less confident in December, a business research group says
December 23
December 23
Nigerian agency 'failed completely' to clean up oil damage despite funding, leaked files say
In Nigeria, the first part of a $1 billion project to clean up Ogoniland in the Niger Delta, where there have been thousands of oil spills, was a “total failure.”
December 23
December 23
Nordstrom to be acquired by Nordstrom family and Mexican retail group for $6.25B
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Monday
December 23
December 23
A Maui program kept Lahaina families together by paying households to take in fire survivors
As many as one-third of people displaced by the August 2023 Maui fires wound up in the homes of friends and family in the weeks after the disaster
December 23
December 23
The Container Store, buffeted by rough housing market, seeks bankruptcy protection
The Container Store has filed for bankruptcy protection, as the storage and organizational goods retailer with roots dating back to 1978 grapples with mounting losses and cash flow shortages
December 23
December 23
Honda, Nissan announce plans to merge
The merge would create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.
December 23
December 23
Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil
Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu
December 23
December 23
Nissan, Honda announce plans to merge, creating world's No. 3 automaker
Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels
December 23
December 23
Many Americans have come to rely on drones. Now lawmakers want to ban them.
The economic and technological rivalry between the U.S. and China has come to the drone market, where Chinese-made flying devices are a dominant player in America
December 23
December 22
Trump threatens to try to take back the Panama Canal. Panama's president balks at the suggestion
Donald Trump is suggesting that his new administration could try to regain control of the Panama Canal
December 22
December 22
Party City to close its stores as company files for bankruptcy
Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide
December 22
December 22
A million taxpayers will soon receive up to $1,400 from the IRS
Approximately 1 million taxpayers will automatically receive special payments.
December 22
December 22
A race is on to clean up shorelines off Crimea after tons of oil spills from damaged Russian ships
Cleanup continues in the Kerch Strait near Russian-occupied Crimea, a week after at least 3,700 tons of low-grade fuel oil spilled out of two storm-stricken Russian tankers
December 22
December 22
Custom clocks designed for Pennsylvania's Capitol a century ago still ticking
Capitol buildings are almost always an imposing presence
December 22
December 22
'You'll be screaming': Maserati exec makes the case for the brand's new engine
"My main obsession is to be respectful to the brand."
December 22
December 21
Albania to close TikTok for a year blaming it for promoting violence among children
Albania’s prime minister says the government will shut down video service TikTok for one year, blaming it for inciting violence and bullying, especially among children
December 21
December 20
NTSB trying to determine why tractor-trailer stopped on train tracks before deadly West Texas crash
Federal officials investigating the deadly West Texas collision between at Union Pacific train and a tractor-trailer hauling heavy equipment are trying to determine why the tractor-trailer was stopped on the tracks
December 20
December 20
Government funding difficulties create gloom for federal workers before Christmas
Johnny Zuagar says he’s tried to hide his worries about a potential government shutdown from his three boys as he weighs how much to spend on Christmas presents
December 20
December 20
Amazon and Starbucks workers are on strike over the holidays. Here's why.
“This is a time when both companies make a lot of money,” one expert said.
December 20
December 20
Big Lots conducts going-out-of-business sales after sale of company falls through
Discount chain Big Lots is conducting going--out-of-business sales at its remaining locations after a sale of the company didn’t materialize
December 20
December 20
VW wage deal for 120,000 German workers avoids layoffs, plant closures
Volkswagen’s employee representatives say they have reached a wage deal
December 20
December 20
What changes should small businesses be aware of for 2025?
For small businesses, the biggest change for the new year will be the arrival of a presumably more business-friendly administration in Washington
December 20
December 20
President-elect Trump transfers close to $4B worth of his Trump Media shares to trust
Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing
December 20
December 20
Bitcoin price falls 12% after record highs earlier in week
The world’s largest cryptocurrency is still up around 36% since Election Day.
December 20
December 20
Italy's privacy watchdog fines OpenAI for ChatGPT's violations in collecting users personal data
Italy’s data protection authority says it has fined OpenAI $15.6 million after wrapping up a probe into the collection of personal data by its generative artificial intelligence chatbot ChatGPT
December 20
December 20
Price of bitcoin falls more than 10%
The drop erases some of the gains enjoyed since the election of Trump.
December 20
December 20
Senate eyes vote before midnight on government funding after House approves bill to prevent shutdown
Approaching a midnight deadline, the Senate is preparing to give final approval to a new plan to prevent a government shutdown
December 20
December 20
Nuna Baby Essentials is recalling over 600,000 child car seats because harness may not hold children
Nuna Baby Essentials is recalling nearly 609,000 child car seats because the harness adjuster can loosen and the seats may not restrain children
December 20