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Business News
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, 2024Walmart US CEO talks inflation, self-checkout, and non-college degree workers
The retailer is offering more skills certificates to workers wanting to advance.
April 25, 2024Harlem legend Dapper Dan continues to grow brand world wide
Dapper Dan plans a fashion renaissance after losing everything.
May 04, 2024
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7 minutes ago
Mortage rates decline for the first time in 5 weeks
Experts predict mortgage rates could hit 6.5% by the end of the year if inflation starts to come down.
7 minutes ago
22 minutes ago
PHOTOS: Taylor Swift kicks off European leg of Eras Tour, adds 'The Tortured Poets Department' songs
In her first Eras Tour concert since the release of “The Tortured Poets Department,” Taylor Swift shook up her setlist
22 minutes ago
24 minutes ago
Mock coffins fill a square in Milan in a protest over workplace safety in Italy
Mock coffins have filled one of Milan’s most famous squares in a protest organized by Italy’s second-largest union to raise awareness over workplace deaths
24 minutes ago
28 minutes ago
Police prevent environmental activists from storming Tesla factory in Germany
German police say they have prevented hundreds of demonstrators from storming Tesla’s factory near Berlin during protests against the pioneering electric car maker over its environmental footprint
28 minutes ago
2 hours ago
US consumer sentiment drops to 6-month low on inflation, unemployment fears
Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise
2 hours ago
3 hours ago
Suspected pirate attack in the Gulf of Aden raises concerns about growing Somali piracy
A European naval force has detained six suspected pirates after they opened fire on an oil tanker traveling through the Gulf of Aden
3 hours ago
3 hours ago
Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash
Target confirmed that it won’t be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received backlash last year for its assortment
3 hours ago
May 10
Australian judge extends ban on X sharing video of Sydney bishop's stabbing
An Australian judge has extended a ban on social media platform X allowing videos of the stabbing of a Sydney bishop in his church last month after government lawyers condemned the company's free speech argument for keeping the graphic images circulating
May 10
May 10
Japanese automaker Honda reports booming profit on sales growth, weak yen
Hond has reported that its profit for the fiscal year through March jumped 70% as its vehicle sales grew and a weak yen buoyed overseas earnings
May 10
May 10
Your tax refund could be bigger this year. Here's what to do with it
The average taxpayer is getting a $2,852 refund, $75 more than last year
May 10
May 10
South Korea stresses need for fair treatment for Line chat app operator Naver
South Korea has vowed to protect its companies operating in other markets after Japanese regulators told LY Corp., which runs the popular chat app Line, to reduce its dependence on Naver, the Korean partner in the venture
May 10
May 10
Biden White House highlights a coming showdown with GOP over 2017 tax cuts that are due to expire
The Biden White House wants voters to know about its differences with Republicans over taxes
May 10
May 10
Polish farmers march in Warsaw against EU climate policies and the country's pro-EU leader
Polish farmers have marched through downtown Warsaw to protest the European Union’s climate policies and to oppose the pro-EU government of Prime Minister Donald Tusk
May 10
May 10
British economy rebounds strongly in first quarter of the year, ending 'technical recession'
The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession.”
May 10
May 10
Stock market today: Wall Street coasts toward the close of another winning week
U.S. stocks are coasting toward the close of another winning week
May 10
May 10
Japanese game maker Sega Sammy sells resort to US fund
Sega Sammy is selling its Japanese resort complex Seagaia to Fortress Investment Group of the U.S. The Japanese entertainment company behind the “Sonic the Hedgehog” video games, said Friday that all of its shares in Phoenix Resort Co., which operates ...
May 10
May 10
California's budget deficit is likely growing, complicating Gov. Gavin Newsom's plans
California Gov. Gavin Newsom is preparing to update his budget proposal
May 10
May 10
California is testing new generative AI tools. Here's what to know
California is partnering with five companies to develop generative AI tools to help the state deliver public services
May 10
May 10
Lithuania holds a presidential vote as anxieties rise in the Baltics over Russia and war in Ukraine
Lithuania is holding a presidential election on Sunday at a time when Russian gains on the battlefield in Ukraine are fueling greater fears across all of Europe about Moscow's intentions
May 10
May 10
Pro-Palestinian protesters demand endowment transparency. But it's proving not to be simple
Some universities are vowing to provide information about how much university endowment money is invested in companies profiting from the Israel-Hamas war amid calls from pro-Palestinian protesters
May 10
May 09
PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash
A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over comments that were seen as glorifying a culture of overwork
May 09
May 09
European companies are less upbeat about China's vast market as its economy slows
An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to expand their businesses in the world’s second largest economy
May 09
May 09
Air Vanuatu files for bankruptcy protection after canceling all international flights
Air Vanuatu has filed for bankruptcy protection a day after it cancelled all international flights, stranding thousands of travelers
May 09
May 09
Salad chain says a cleaner farming method will offset adding steak to its menu. What is it?
The announcement of Sweetgreen salad chain that it’s adding beef to its menu led to strong reactions online, with customers questioning the company’s carbon neutral plans
May 09
May 09
Spending on home renovations slows, but high remodeling costs mean little relief
Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators
May 09
May 09
Senate passes bill improving air safety and service for travelers, a day before FAA law expires
The Senate has passed a $105 billion bill designed to improve air safety and customer service for air travelers, a day before the law governing the Federal Aviation Administration expires
May 09
May 09
Colorado-based abortion fund sees rising demand. Many are from Texas, where procedure is restricted
A Colorado abortion fund said Thursday it’s helped hundreds access abortion in the first months of 2024, the majority arriving from Texas where abortion is restricted
May 09
May 09
US utility pledges more transparency after lack of notice it empowered CEO to make plant decisions
The nation’s largest public utility pledged to be more transparent after it took months to disclose that a general budget vote by its board last year also gave the CEO the final decision over several proposed natural gas power plants
May 09
May 09
How major US stock indexes fared Thursday, 5/9/2024
U.S. stocks rose to pull the S&P 500 back within 1% of its record following a rough April
May 09
May 09
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 27 cents to $79.26 per barrel Thursday
May 09
May 09
Utilities complete contentious land swap to clear way for power line in Mississippi River refuge
Utilities looking to finish building a high-voltage power line linking Iowa and Wisconsin have completed a contentious land deal allowing them to cross a Mississippi River federal wildlife refuge
May 09
May 09
Financial executive convicted of insider trading in case over acquisition of Trump's media company
A financial executive has been convicted of enabling his boss and others to make millions of dollars illegally by trading ahead of the public announcement that an acquisition firm was taking former President Donald Trump's media company public
May 09
May 09
Technology crushing human creativity? Apple's new iPad ad has struck a nerve online
A newly released ad promoting Apple’s new iPad Pro has struck quite a nerve online
May 09
May 09
Maryland governor signs bill to rebuild Pimlico, home of the Preakness Stakes
Maryland Gov. Wes Moore has signed a measure to rebuild Baltimore’s historic but antiquated Pimlico Race Course and transfer the track to state control
May 09
May 09
Student loan rates set to reach 16-year high: 'It's a shock'
The move could add thousands to a borrower's total payments, one expert said.
May 09
May 09
Supreme Court sides with music producer in copyright case over sample in Flo Rida hit
The Supreme Court has sided with a music producer in a copyright case, allowing him to seek more than a decade's worth of damages over a sample used in a Flo Rida song
May 09
May 09
Vietnam's arrest of reformist labor official could disturb bid for better trade terms with the US
Police in Vietnam say they have arrested a senior official of the country’s labor ministry for “deliberately disclosing state secrets.”
May 09
May 09
Airbnb, Topgolf Callaway fall; AppLovin, Cheesecake Factory rise, Thursday, 5/9/2024
Stocks that traded heavily or had substantial price changes on Thursday: Airbnb, Topgolf Callaway fall; AppLovin, Cheesecake Factory rise
May 09
May 09
Critics call joint event between Oprah, Weight Watchers ‘hypocritical’
Plus, Biden defends his economic records and Disney and Warner Brothers’ Discovery to launch streaming bundle.
May 09
May 09
Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale
May 09
May 09
Chevrolet Malibu heads for the junkyard as GM shifts focus to electric vehicles
The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard
May 09
May 09
PR executive at Chinese tech firm Baidu apologizes for comments seen as glorifying overwork
A top public relations executive from Chinese technology firm Baidu has apologized after she made comments that were seen as glorifying a culture of overwork
May 09
May 09
Argentina labor unions' 24-hour strike against President Milei paralyzes daily life
Argentina’s biggest trade unions have mounted one of their fiercest challenges to the libertarian government of President Javier Milei
May 09
May 09
US weekly jobless claims hit highest level since August of 2023, though job market is still hot
The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week in another sign that the labor market may be softening
May 09
May 09
How to turn a supermarket bouquet into a lusher, more personalized flower arrangement
If your heart is telling you to give a luxurious bouquet of flowers, but your wallet is saying shop at the supermarket, fear not
May 09
May 09
TikTok sues to block potential ban. Can it win?
The social platform has a viable case but faces challenges, experts said.
May 09
May 09
TikTok to start labeling AI-generated content as technology becomes more universal
TikTok says it’s going to start automatically labeling content that’s made by artificial intelligence when it’s uploaded from certain platforms
May 09
May 09
Bread loaves recalled in Japan after 'rat remains' were found
Loaves of bread have been taken off store shelves in Japan after the remains of “a small animal” believed to be a rat were found
May 09
May 09
The Taliban warn journalists and experts against cooperating with Afghanistan International TV
The Taliban are warning journalists and experts against working with Afghanistan International TV
May 09
May 09
Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
May 09