Business News

Latest Business Video

Latest Business Headlines

1 hour ago

Crypto mogul Do Kwon pleads not guilty in first US court appearance

South Korean cryptocurrency mogul Do Kwon has pleaded not guilty to a freshly unsealed indictment released in time for his first U.S. court appearance
1 hour ago
FILE - Montenegrin police officers escort South Korean citizen, Terraform Labs founder Do Kwon in Montenegro's capital Podgorica, Saturday, March 23, 2024. (AP Photo/Risto Bozovic, File)
1 hour ago

Louisville punter says he opted out of Sun Bowl because of unpaid NIL money

Louisville punter Brady Hodges said he opted out of the Sun Bowl this week because the Cardinals’ NIL collective did not pay money promised to him in September
1 hour ago
FILE - Louisville players run onto the field before an NCAA college football game against Kentucky, Saturday, Nov. 26, 2016, in Louisville, Ky. (AP Photo/Timothy D. Easley, File)
2 hours ago

A data company has figured out which airlines fly on time most often

Aeromexico is the most on-time airline in the world, according to a data company that compiled figures for 2024
2 hours ago
FILE - An AeroMexico plane taxis on the tarmac of the Benito Juarez International Airport in Mexico City, May 12, 2022. (AP Photo/Marco Ugarte, File)
3 hours ago

Average 30-year mortgage rate hits 6.91%, Freddie Mac says, the highest since July

U.S. mortgage rates rose this week to the highest level since July
3 hours ago
A for sale sign stands outside a residence in Chicago, Ill., Monday, Nov. 25, 2024. (AP Photo/Nam Y. Huh)
January 02

Tesla reports 1.1% sales drop for 2024, first annual decline in at least 9 years

Tesla’s global annual sales fell for the first time in at least 9 years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024
January 02
FILE - The logo of Tesla car is pictured at the Paris Auto Show, in Paris, Oct. 14, 2024. (AP Photo/Michel Euler, File)
January 02

US unemployment claims fall to the lowest level since March

The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job security
January 02
FILE - A help wanted sign is displayed at a restaurant in Chicago, Ill., Nov. 25, 2024. (AP Photo/Nam Y. Huh, File)
January 02

Puerto Rico's new governor sworn in days after a major blackout left much of the island in the dark

Jenniffer González Colón has been sworn in as Puerto Rico’s new governor as the island held for a normally ebullient ceremony overshadowed by widespread anger over a blackout that hit the U.S. territory days ago
January 02
A street is dark during a blackout in San Juan, Puerto Rico, after sunset on Tuesday, Dec. 31, 2024. (AP Photo/Alejandro Granadillo)
January 02

A drop in groundwater could mean big trouble for a tiny snail as Nevada lithium project presses on

Opponents of a huge lithium mine under construction in Nevada want U.S. officials to investigate whether the project already has caused a drop in groundwater levels that could lead to extinction of a tiny snail
January 02
FILE - This photo provided by Lynne Buckner shows a Kings River pryg, a springsnail found in 13 isolated springs around Thacker Pass, 200 miles northeast of Reno, Nev., April 7, 2022. (Lynne Buckner via AP, File)
January 01

Stock market today: Wall Street slips to kick off 2025 as Tesla drags

U.S. stock indexes are falling to start 2025
January 01
Traders work on the floor at the New York Stock Exchange in New York's Financial District Thursday, Jan. 2, 2025. (AP Photo/Seth Wenig)
January 01

New York employers must now offer paid medical leave during pregnancy

Pregnant New Yorkers will be entitled to at least 20 hours of paid leave to attend prenatal medical appointments under a new law
January 01
FILE - The New York Capitol stands in Albany, N.Y., June 20, 2023. (AP Photo/Hans Pennink, File)
January 01

Looking for a new car in 2025? Electrics offer the biggest bang for the buck

"Dealers want to meet their sales targets and 0% financing is back."
January 01
Tesla SuperChargers in Livermore, Calif., on Dec. 3, 2024.
January 01

Ukraine halts transit of Russian gas to Europe after a prewar deal expired

Ukraine has halted Russian gas supplies to European customers through its pipeline network, almost three years into Moscow’s all-out invasion of its neighbor
January 01
FILE - A person walks by the monument of the Leninist Komsomol Heroes, a political youth organization in the Soviet Union, in Chisinau, Moldova, Monday, Nov. 4, 2024. (AP Photo/Vadim Ghirda, File)
December 31

'It's going to be gloomy': What homebuyers can expect in 2025

Homebuyers have faced high mortgage rates and soaring prices.
December 31
"For Sale" sign in a grass yard in front of a large house.
December 31

These states will raise the minimum wage in 2025

Ten states will offer a minimum wage of $15 an hour or higher.
December 31
Armando Tax, an organizer for Fight For $15, leads a chant during a rally on May 19, 2021 in Houston, Texas.
December 31

Economic outlook for 2025 is ‘strong’: Analysts

Some experts predict the U.S. economy will remain strong in the new year despite a rocky end to 2024 on Wall Street.
December 31
Some experts predict the U.S. economy will remain strong in the new year despite a rocky end to 2024 on Wall Street.
December 31

US and Boeing investigators examine the site of a deadly South Korean plane crash

A team of U.S. investigators including representatives from Boeing have examined the site of a plane crash that killed 179 people in South Korea
December 31
Experts from the U.S. National Transportation Safety Board (NTSB) and joint investigation team between the U.S. and South Korea check the site of a plane crash at Muan International Airport in Muan, South Korea, Tuesday, Dec. 31, 2024. (Son Hyung-joo/Yonhap via AP)
December 31

Moldovans fear looming energy shortage as Russia halts gas supplies

Moldovans are bracing for a difficult winter ahead as a looming energy shortage could leave them without enough energy
December 31
FILE - Men collect water from a fountain in the village of Hrusevo, Moldova, Sunday, Oct. 20, 2024. (AP Photo/Vadim Ghirda, File)
December 30

Zimbabwe's new currency woes hit traditional stores while illegal night bazaars flourish

People in Zimbabwe are shunning traditional grocery stores to do their shopping at informal and illegal markets that pop up at night to avoid police raids rampant during the day
December 30
Basic commodities sit on display at informal and illegal markets that pop up at night to avoid police raids in central Harare, Zimbabwe, Friday, Nov. 11, 2024. (AP Photo/Aaron Ufumeli)
December 30

China's manufacturing activity slows in December as trade risks grow

China has reported its factory activity expanded at a slower pace in December, despite recent stimulus measures and in the face of increasing trade risks
December 30
December 30

Bernie Madoff's victims to receive final payout totaling $131 million

Madoff Victim Fund has paid more than $4 billion to nearly 41,000 victims.
December 30
Bernard Madoff, founder of Bernard L. Madoff Investment Securities LLC, leaves federal court in New York, March 10, 2009.
December 30

Protect yourself against job scams

Scammers are creating fake job postings, websites, and email accounts to try and steal your money and personal information.
December 30
VIDEO: Protect yourself against job scams
December 30

Small businesses brace themselves for potentially disruptive TikTok ban

A looming TikTok ban could affect the millions of small businesses that use the short-video social media app to grow their business
December 30
FILE - A TikTok sign is displayed on top of their building in Culver City, Calif., on Dec. 3, 2024. (AP Photo/Richard Vogel, File)
December 30

Earnings growth uncertain as inflation and policy shifts weigh on corporate outlook

Earnings for companies within the S&P 500 are expected to have grown by about 9.4% in 2024, according to FactSet
December 30
December 30

Boeing shares slide after South Korea plane crash

All but two of the 181 people on board died in the Jeju Air plane crash.
December 30
Rescue team members work at the site of a plane fire at Muan International Airport in Muan, South Korea, Dec. 30, 2024.
December 30

In 2024, artificial intelligence was all about putting AI tools to work

Just over two years after the debut of ChatGPT, the world is getting a little savvier about what artificial intelligence technology can do for us and what it’s not so great at
December 30
December 30

South Korea to inspect Boeing aircraft as it struggles to find cause of plane crash that killed 179

South Korean officials plan to conduct safety inspections of all Boeing 737-800 aircraft operated by the country’s airlines, as they struggle to determine what caused a weekend plane crash that killed 179 people
December 30
Mourners place flowers for the victims of a plane fire at a memorial altar at Muan sport park in Muan, South Korea, Monday, Dec. 30, 2024. (AP Photo/Ahn Young-joon)
December 29
Firefighters and rescue team members work near the wreckage of a passenger plane at Muan International Airport in Muan, South Korea, Sunday, Dec. 29, 2024. (AP Photo/Ahn Young-joon)
December 28

Trump appears to side with Musk, tech allies in debate over foreign workers roiling his supporters

President-elect Donald Trump appears to be siding with Elon Musk and his other backers in the tech industry as a dispute over immigration visas has divided his supporters
December 28
FILE - President-elect Donald Trump listens to Elon Musk as he arrives to watch SpaceX's mega rocket Starship lift off for a test flight from Starbase in Boca Chica, Texas, Nov. 19, 2024. (Brandon Bell/Pool via AP, File)
December 28

Big Lots reaches deal to keep hundreds of US stores open

The discount chain Big Lots has reached a deal that will keep hundreds of its stores open
December 28
FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. (AP Photo/Toby Talbot, File)
December 28

Italy's far-right government wins final approval for its 30-billion-euro budget

Italy’s parliament has approved the government’s 2025 budget, worth about 30 billion euros ($31 billion) in tax cuts and social security contributions for low-income citizens
December 28
December 28

Will New Year's Eve be loud or quiet? What are the top 2025 resolutions? AP-NORC poll has answers

If you’re planning on ringing in the new year quietly at home, you’re not alone
December 28
(AP Illustration / Peter Hamlin)
December 28

Winning ticket for $1.22 billion lottery jackpot sold in California, Mega Millions says

At least one Mega Millions player has plenty of dough to ring in the New Year after drawing the winning number
December 28
Ishar Gill holds up a copy of the Mega Millions lotto ticket worth an estimated $1.22 billion at his family's store in Cottonwood, Calif., Saturday, Dec. 28, 2024. After three months without anyone winning the top prize in the lottery, the ticket with the winning numbers was drawn Friday night.(AP Photo/Rich Pedroncelli).
December 27

Trump asks Supreme Court to delay TikTok sale deadline

The high court is set to hear arguments Jan. 10.
December 27
This combination of pictures shows a man holding a smartphone displaying the logo of Chinese social media platform Tiktok  and former President Donald Trump speaking to the media as he arrives for his criminal trial at Manhattan Criminal Court in New York, May 30, 2024.
December 27

Canadian Cabinet ministers meet with Trump's nominee for commerce secretary in bid to avoid tariffs

Two top Canadian Cabinet ministers have met with President-elect Donald Trump’s nominee for commerce secretary at Mar-a-Lago as Canada tries to avoid sweeping tariffs when Trump takes office
December 27
FILE - Dominic LeBlanc, Minister of Finance, Public Safety and Intergovernmental Affairs, participates in a news conference after a swearing in ceremony at Rideau Hall in Ottawa, Ontario, Dec. 16, 2024. (Justin Tang/The Canadian Press via AP, File)
December 27

Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office

President-elect Donald Trump has asked the Supreme Court to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue
December 27
FILE - The TikTok Inc. building is seen in Culver City, Calif., March 17, 2023. (AP Photo/Damian Dovarganes, File)
December 27

Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office

Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office
December 27
December 27

Janet Yellen tells Congress US could hit debt limit in mid-January

Treasury Secretary Janet Yellen says her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14th, in a letter sent to congressiona...
December 27
FILE - U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., on Jan. 8, 2024. (AP Photo/Susan Walsh, File)
December 27

How major US stock indexes fared Friday, 12/27/2024

Stocks closed lower as Wall Street ended a holiday-shortened week on a down note
December 27
December 27

Another unticketed passenger attempts to stow away on a Delta flight this holiday season

In the thick of holiday travel, another unticketed passenger attempted to stow away on a Delta Air Lines flight
December 27
Delta Airlines jetliner taxis down a runway as it arrives at Denver International Airport, Tuesday, Dec. 24, 2024, in Denver. (AP Photo/David Zalubowski)
December 27

Should you worry about overfunding your 529 plan?

529 college savings plans are powerful tools to help pay for the mounting costs of an education
December 27
FILE - A specialist studies monitors on the New York Stock Exchange trading floor in New York on November 21, 2024. (AP Photo/Ted Shaffrey, File)
December 27

An online debate over foreign workers in tech shows tensions in Trump's political coalition

An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display
December 27
El presidente electo Donald Trump escucha a Elon Musk previo al despegue del megacohete Starship de la empresa SpaceX, propiedad de Musk, para un vuelo de prueba desde Starbase en Boca Chica, Texas, el 19 de noviembre de 2024. (Brandon Bell/Pool vía AP, Archivo)
December 27

One dead, two hospitalized after fire at Tyson Foods plant in Georgia

One person is dead and two others have been hospitalized after an overnight fire at a Tyson Foods plant in Camilla, Georgia
December 27
FILE - A Tyson Foods logo is seen on a truck parked at a food warehouse in Little Rock, Ark., on Oct. 28, 2009. (AP Photo/Danny Johnston, File)
December 27

A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says

A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of A...
December 27
FILE - The American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, in Zhangjiakou, China, on Feb. 2, 2022. A top White House official on Wednesday said at least eight U.S. telecom firms and dozens of nations have been impacted by a Chinese hacking campaign. (AP Photo/Kiichiro Sato, File)
December 27

Next Week in Business: jobless claims, mortgage rates and Wall Street's first trading day of 2025

The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday
December 27
December 27

Average rate on 30-year mortgage climbs to highest since July

The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to 6.85% — its highest level since mid-July.
December 27
VIDEO: Average rate on 30-year mortgage climbs to highest since July
December 27

Climate-friendly electricity sees big battery projects soar again for 2024

2024 was another banner year for a source of electricity that is better for people’s lungs, better for climate change and may be reaching your home now when you turn on the lights or turn up the thermostat — large banks of batteries
December 27
FILE - A worker does checks on battery storage pods at Orsted's Eleven Mile Solar Center lithium-ion battery storage energy facility, Feb. 29, 2024, in Coolidge, Ariz. (AP Photo/Ross D. Franklin, File)
December 27

The stock market soared this year. What will happen in 2025?

High prices could scare off would-be investors, but momentum abounds.
December 27
A trader works on the floor at the New York Stock Exchange in New York City, Dec. 2, 2024.
December 27

Another jackpot surpasses $1 billion. Is this the new normal?

Remember this moment because it probably won’t last: A U.S. lottery jackpot has soared above $1 billion, and that’s still a big deal
December 27
A Mega Millions lottery ticket is displayed at a store on Thursday, Dec. 26, 2024, in Tigard, Ore. (AP Photo/Jenny Kane)
December 26

Stock market today: Wall Street slips as the 'Magnificent 7' weighs down the market

Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note
December 26
People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Dec. 27, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)
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
FILE - A U.S. Food and Drug Administration building is seen behind FDA logos at a bus stop on the agency's campus in Silver Spring, Md., on Aug. 2, 2018. (AP Photo/Jacquelyn Martin, File)