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Business News
The California wildfires could be leaving deeper inequality in their wake
The sight of celebrity mansions and movie landmarks reduced to ashes can make it seem like the wildfires roaring through the Los Angeles area affected a constellation of movie stars
January 12, 2025USDA documented insects and slime at Boar's Head plants, records show
U.S. food inspectors documented unsanitary conditions at several Boar's Head deli meat plants, not just the Jarratt, Virginia, factory that was shut down last year
January 14, 2025
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1 hour ago
UK inflation unexpectedly eases in December, which could reduce bond markets pressure
Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month
1 hour ago
January 14
Elon Musk underpaid Twitter acquisition by $150M by not disclosing stake, SEC alleges
The SEC alleges Musk violated federal securities laws in a new lawsuit.
January 14
January 14
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result
January 14
January 14
USDA documented insects and slime at Boar's Head plants, records show
U.S. food inspectors documented unsanitary conditions at several Boar's Head deli meat plants, not just the Jarratt, Virginia, factory that was shut down last year
January 14
January 14
Court tells SEC to lay out why it has declined Coinbase's request for crypto regulations
A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset sector
January 14
January 14
Jack Daniels' parent Brown-Forman is cutting its workforce and closing its barrel-making plant
Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville
January 14
January 14
Insurers could lose $30 billion from LA wildfires: Report
Analysts at Wells Fargo and Goldman Sachs said the total cost, including non-insured damages, could top $40 billion.
January 14
January 14
Los Angeles fire losses could reach $30 billion for insurers
This is the "costliest wildfire event in California history."
January 14
January 14
The tax deadline for some small businesses affected by disasters in 2024 is drawing near
The tax deadline for some small businesses affected by severe weather in 2024 is drawing near, the IRS is reminding owners
January 14
January 14
Interpol cracks down on illegal mining in West Africa as police make 200 arrests
Interpol says a major operation targeting illegal gold mining in West Africa has resulted in 200 arrests and the seizure of harmful chemicals, explosives and drugs
January 14
January 14
US producer prices rose 0.2% last month on higher energy costs
U.S. wholesale inflation rose last month on higher energy prices
January 14
January 14
World Economic Forum says Trump to take part virtually in Davos meeting, days after inauguration
The World Economic Forum’s president says U.S. President Donald Trump will take part virtually in the annual meeting in Davos just days after his inauguration
January 14
January 14
Why is Spain considering a 100% tax on homes bought by non-EU residents?
Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by non-European Union residents
January 14
January 13
Stock market today: Wall Street ticks up ahead of latest inflation data, start of earnings season
Wall Street pointed modestly higher ahead of this week’s latest U.S. inflation reports and the unofficial start of earnings season
January 13
January 13
Canada ready to buy more American products to appease Trump's tariff threat, ambassador says
Canada’s ambassador to Washington says Canada is prepared to buy more from the United States including its next fleet of submarines to appease President-elect Donald Trump's concerns about the U.S.-Canada trade deficit
January 13
January 13
Bond yields are surging. Here's what it means for your finances
The yield on 10-year U.S. Treasury bonds reached its highest level in 14 months.
January 13
January 13
J&J buys Intra-Cellular in $14.6B deal, delving into central nervous system disorders
Johnson & Johnson will spend more than $14 billion to move deeper into treating central nervous system disorders by purchasing Intra-Cellular Therapies
January 13
January 13
Moderna surprises the Street by predicting a bigger-than-expected sales drop
Shares of Moderna tumbled Monday after the vaccine maker predicted a steeper-than-expected sales drop in the new year
January 13
January 13
Austrian far right and conservatives reach budget accord in a step toward new government
Austrian far-right leader Herbert Kickl and his prospective coalition partners say they have reached an agreement to bring down the budget deficit
January 13
January 13
Thailand's Cabinet approves a draft bill to legalize casinos to boost tourism and economy
Thailand’s Cabinet approved a draft bill legalizing casinos with the aim of boosting tourism and a sluggish economy Some forms of gambling, such as betting on boxing and horse racing, are allowed but casinos remain illegal in the Southeast Asian country
January 13
January 13
China's electric car sales grow in 2024, as sales of gasoline cars plunge
Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged
January 13
January 13
Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market
Automakers are joining forces to boost their scale and competitiveness to contend with industry newcomers like iPhone maker Foxconn
January 13
January 12
China's exports grew 10.7% in December, beating estimates ahead of uncertainty over trade tariffs
China's exports grew 10.7% in December, beating estimates ahead of uncertainty over trade tariffs
January 12
January 12
Canada's Trudeau urges US consumers to consider the harm of Trump's tariff threats
Canadian Prime Minister Justin Trudeau has suggested that President-elect Donald Trump’s remarks about Canada becoming America’s “51st state” is distracting the public from the harm that steep tariffs would have on U.S. consumers
January 12
January 12
Philadelphia 76ers reportedly reverse course, won't build contentious $1.3B downtown stadium
The Philadelphia 76ers have decided not to build a $1.3 billion downtown arena
January 12
January 12
Walmart says customers should discard recalled chicken broth
Walmart says customers should throw out a chicken broth product that was sold at stores in mostly Southern states late last year
January 12
January 12
The California wildfires could be leaving deeper inequality in their wake
The sight of celebrity mansions and movie landmarks reduced to ashes can make it seem like the wildfires roaring through the Los Angeles area affected a constellation of movie stars
January 12
January 11
The LA county wildfires could be the costliest in US history, early estimates say
The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters
January 11
January 11
US business leaders bid to buy TikTok
As the TikTok ban looms, Americans are asking, "what's next?" Investor Kevin O'Leary joins the show.
January 11
January 11
New Orleans attack raises familiar debate: Can Bourbon Street be made safe?
Shock and grief have given way to finger-pointing over whether additional security could have stopped — or mitigated — the attack that killed 14 people when Shamsud-Din Jabbar drove a pickup through a New Year’s crowd
January 11
January 11
If TikTok is banned in the US, what happens to the app on your smartphone?
A majority of justices on the Supreme Court appear inclined to uphold the ban.
January 11
January 11
Indonesia and Japan promise deeper defense and economic ties as regional tensions spike
Japan and Indonesia have pledged to deepen economic and defense ties during a visit by the Japanese prime minister
January 11
January 10
Britain’s Treasury chief kicks off China visit
Britain’s Treasury chief has kicked off a China visit aimed at boosting economic and financial cooperation between the countries, as the U.K.’s Labour government seeks to reset strained ties with Beijing
January 10
January 10
'LA Strong' logo and custom gear unveiled to aid Los Angeles wildfire recovery efforts
Los Angeles sports organizations are uniting to launch an “LA Strong” custom logo and apparel line that will raise money for organizations assisting those impacted by this week’s devasting wildfires
January 10
January 10
US hiring grows at end of Biden term, report shows
Employers added 256,000 workers last month, surpassing economist expectations of 155,000 jobs added, U.S. Bureau of Labor Statistics data on Friday showed.
January 10
January 10
Walgreens tops Wall Street's expectations as drugstore chain continues turnaround plan
Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business
January 10
January 10
Constellation buying Calpine in $26.6 billion deal that would join two huge US power companies
Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies
January 10
January 10
UK Treasury chief heading to China to revive suspended economic and financial talks
Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.‘s Labour government seeks to reset frayed ties with Beijing
January 10
January 10
State-run Pakistan International Airlines resumes direct flights to Europe after EU lifts ban
State-run Pakistan International Airlines has resumed direct flights to Europe following a decision by the European Union’s aviation safety agency to lift a four-year ban over safety standards
January 10
January 10
Tanker hit by Houthi rebels that threatened a Red Sea oil spill has been salvaged
An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged
January 10
January 10
European Investment Bank to boost funds for Bangladesh as it weathers political turmoil
A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over human rights as the country endures a spell of political turmoil
January 10
January 10
Moldovans grapple with outages as energy crisis grips pro-Russia region
Every time planned electrical outages are imposed on his village in southern Moldova, 73-year-old retiree Vasili Donici passes the time by solving crosswords and puzzles in a room he illuminates using a small gas lamp
January 10
January 09
Here's what you need to know about credit card defaults
Credit card defaults are on the rise for Americans, reaching the highest amount in 14 years
January 09
January 09
UN predicts world economic growth at subdued 2.8% in 2025
The United Nations says the world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8% in 2025
January 09
January 09
Orange juice, steel will be on Canada's list for retaliation if Trump imposes tariffs
A senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products
January 09
January 09
Average US long-term mortgage rate inches up to 6.93% for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July
January 09
January 09
Striking ski patrollers at the biggest US resort return to work claiming victory
Two hundred Utah ski patrollers have ended a nearly two-week strike and returned to work at the biggest ski resort in the U.S. The union representing Park City Mountain Resort ski patrollers is claiming victory after voting Wednesday to accept a deal n...
January 09
January 09
Farming tech on display at CES as companies showcase green innovations, initiatives
Sustainability is a key theme this year at the annual CES tech trade show in Las Vegas
January 09
January 09
Legal battle over rising cost of rent
More states are joining a legal battle going after landlords. ABC News’ Andrea Fujii reports.
January 09
January 09
US 'notorious markets' report warns of risks from online pharmacies
An annual U.S. government report on “notorious markets” known for counterfeiting and other violations of intellectual property says that nearly all 35,000 online pharmacies around the world are being run illegally
January 09