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Business News
CNN says its report on a freed Syrian prisoner is not what it initially believed
A report by CNN's Clarissa Ward about a freed Syrian prisoner provided some dramatic scenes, but the network has since found that it apparently wasn't all that it appeared
December 18, 2024Tesla recalling almost 700,000 vehicles due to tire pressure monitoring system issue
Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system
December 20, 2024‘Kraven the Hunter’ flops while ‘Moana 2’ tops the box office again
The Spider-Man spinoff “Kraven the Hunter” got off to a disastrous start in North American theaters this weekend
December 15, 2024
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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 a wind turbine base 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
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
December 20
FIFA signs Netflix to US broadcast deal for the Women's World Cup in 2027 and 2031
FIFA has signed Netflix to a United States broadcast deal for the Women’s World Cup in 2027 plus the 2031 edition that could be played in the U.S. The deal announced Friday is the most significant FIFA has signed with a streaming service for a major to...
December 20
December 20
Federal Reserve's preferred inflation gauge shows price pressures eased last month
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains
December 20
December 20
The Latest: Schumer says Senate on course to pass bill before funding lapses at midnight
With hours to go before a midnight government shutdown, the House has approved a new plan from House Speaker Mike Johnson that would temporarily fund federal operations and disaster aid, but dropped President-elect Donald Trump’s demands for a debt lim...
December 20
December 20
Crowds in Mayotte vent frustration with cyclone response as Macron tours devastation
Crowds in Mayotte have vented their frustration at French President Emmanuel Macron, with some booing
December 20
December 20
Tesla recalling almost 700,000 vehicles due to tire pressure monitoring system issue
Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system
December 20
December 20
Teamsters say 'momentum continues' as strike against Amazon enters 2nd day
Amazon said the strike was not expected to impact operations.
December 20
December 20
More student loans canceled in Biden's final round of forgiveness before leaving office
The Biden administration says it is canceling federal student loans for another 55,000 public service workers through an existing forgiveness program
December 20
December 20
Starbucks workers plan strikes that could spread to hundreds of US stores by Christmas Eve
Workers at Starbucks stores plan to go on a five-day strike starting Friday to protest lack of progress in contract negotiations with the company
December 20
December 20
Rising butter prices give European consumers and bakers a bad taste
Creamy, delectable – and pricey
December 20
December 19
Teamsters president to rally with workers as Amazon strike set to go into 2nd day
The move comes after the union says Amazon has refused to bargain with workers.
December 19
December 19
It's beginning to look like another record for holiday travel
Drivers and airline passengers without reindeer and sleighs better make a dash for it: it’s beginning to look like another record for holiday travel in the U.S. The auto club AAA predicts that more than 119 million people will travel at least 50 miles ...
December 19
December 19
76ers win city council nod to build $1.3B downtown stadium and leave South Philadelphia
The Philadelphia 76ers have won city council approval for a $1.3 billion downtown arena despite vocal opposition from nearby residents
December 19
December 19
Musk ascends as a political force beyond his wealth by tanking budget deal
Elon Musk’s role in taking down a bipartisan budget deal shows his ascendance as a political force
December 19
December 19
Farmers, business owners, fire survivors face uncertainty after $100B in disaster relief flounders
American farmers, small business owners and wildfire survivors are among those who will suffer if Congress cannot agree on a new spending bill after President-elect Donald Trump abruptly rejected a bipartisan plan that included more than $100 billion i...
December 19
December 19
FDA updates the definition of 'healthy' foods
Packaged foods in the U_S_ must follow new rules in order to call themselves “healthy.”
December 19
December 19
OSHA settles with Amazon over working conditions
The settlement requires that Amazon adopt "corporate-wide ergonomic measures" to reduce the risk of injuries to workers.
December 19
December 19
The stock market plummeted. Should you be worried?
The S&P 500 suffered its worst loss after a Fed meeting since 2001.
December 19
December 19
Amazon strike could lead to delays in delivery of holiday gifts
Nearly 9,000 Amazon workers hit the picket line in a labor dispute.
December 19
December 19
Thousands of Amazon workers go on strike
ABC News’ Faith Abubey reports on what the Teamsters union is calling the "largest strike against Amazon in U.S. history.”
December 19
December 19
American Airlines settles lawsuit filed by 3 Black men who were ordered off a flight
American Airlines said Thursday it has settled a federal race discrimination lawsuit filed by three Black men who were ordered to deboard a flight last January
December 19
December 19
MrBeast's show includes $4.2M giveaway with app critics say may trap other borrowers with high fees
MrBeast’s ambitious reality show, which the YouTube megastar hopes will expand his massive online reach and turn the corner on recent controversies, is already raising questions from consumer advocates over a partnership with a fintech company
December 19
December 19
Average 30-year mortgage rate snaps 3-week slide
The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans
December 19
December 19
Millions 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
December 19
Government shutdown at risk as Trump's demands put Speaker Johnson in a bind
A government shutdown at risk, House Speaker Mike Johnson is fighting to figure out how to meet President-elect Donald Trump’s sudden demands — and keep his own job
December 19
December 19
Australian who falsely claimed to have invented bitcoin is found in contempt of UK court
An Australian computer scientist who falsely claimed to be the founder of the bitcoin cryptocurrency has been found to have committed contempt of court by breaching an order of London’s High Court
December 19
December 19
US home sales rose in November to fastest pace since March
Sales of previously occupied U.S. homes rose in November to their fastest pace since March as home shoppers were encouraged by a wider selection of properties on the market, despite rising mortgage rates
December 19
December 19
Frozen French fry maker Lamb Weston names new CEO, moves to loss in Q2
Lamb Weston, a major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home
December 19
December 19
US unemployment applications come back down after big rise
The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before
December 19
December 19
US economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate
December 19
December 19
EU leaders insist no decisions can be taken about Ukraine without Ukraine, or behind their backs
European Union leaders insist no decisions can be taken about the future of Ukraine without its consent or behind their backs
December 19
December 19
Bank of England keeps main U.K. interest rate on hold at 4.75% after inflation spike
Bank of England keeps main U.K. interest rate on hold at 4.75% after inflation spike
December 19
December 19
Ireland embraced data centers that the AI boom needs. Now they're consuming too much of its energy
Dozens of massive data centers are consuming more electricity than all of the urban homes in Ireland and starting to wear out the warm welcome that brought them here
December 19
December 19
Teamsters announces nationwide strike against Amazon to begin Thursday
The Teamsters said the strike will begin Thursday at several facilities, including in New York City, Atlanta, California and Illinois.
December 19
December 19
US ambassador to Vietnam says US arms manufacturers could help boost Vietnam's military capabilities
The U.S. ambassador to Vietnam says U.S. arms manufacturers could help the southeast Asian country build up its armed forces
December 19
December 19
Stock market today: Wall Street ends little changed after giving up a big morning gain
An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat
December 19
December 18
Brazil's currency drops to weakest level yet 4 as Lula's fiscal measures debated
Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending
December 18
December 18
Alberta's premier responds to Trump's trolling by saying Canada's oil helps make America wealthy
Alberta’s premier responded to President-elect Donald Trump’s trolling of Canada by saying the trade deficit with the country is due to billions of raw materials being sent south which creates trillions of wealth in America
December 18
December 18
After victory over Florida in water war, Georgia will let farmers drill new irrigation wells
For more than a decade, farmers in parts of southwest Georgia haven’t been able to drill new irrigation wells to the Floridian aquifer
December 18
December 18
Trump brings chaos back to Washington by attempting to kill bipartisan budget deal
Donald Trump has delivered a probable death blow to bipartisan congressional budget negotiations by rejecting the measure as a “betrayal of our country” just days before a spending deadline
December 18