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Business News
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper
May 11, 2024Teen who ate spicy tortilla chip died of high chile consumption and had a heart defect, autopsy says
An autopsy of a Massachusetts teen who died after participating in a spicy tortilla chip challenge says his death was caused by eating a large quantity of chile pepper extract
5/16/2024 10:50:32 EDTBoeing 737 catches fire and skids off the runway at a Senegal airport. Ten people are injured
Senegal’s transport minister says a Boeing 737 plane carrying 85 people caught fire and skidded off a runway at an airport near the country's capital, Dakar, and that 10 people were injured
May 09, 2024
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19 minutes ago
The Dow just crossed 40,000 for the first time. The number is big but means little for your 401(k)
Through its long history, the Dow Jones Industrial Average has offered a way for people to get a quick read on how Wall Street is doing
19 minutes ago
24 minutes ago
Justice Department formally moves to reclassify marijuana as a less dangerous drug in historic shift
The Justice Department has formally moved to reclassify marijuana as a less dangerous drug in a historic shift in generations of U.S. drug policy
24 minutes ago
25 minutes ago
Justice Department formally moves to reclassify marijuana as a less dangerous drug in a historic shift in US drug policy
Justice Department formally moves to reclassify marijuana as a less dangerous drug in a historic shift in US drug policy
25 minutes ago
1 hour ago
Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall, Thursday, 5/16/2024
Stocks that traded heavily or had substantial price changes on Thursday: Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall
1 hour ago
1 hour ago
Netflix signs deal to broadcast live NFL games
The streaming giant is set to air football games on Christmas Day over the next three seasons.
1 hour ago
1 hour ago
FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture
Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week
1 hour ago
1 hour ago
United Airlines says it has regained some privileges that were suspended after problem flights
United Airlines says it has regained some privileges that were suspended after a series of incidents on flights earlier this year
1 hour ago
1 hour ago
Long-term mortgage rates retreat for second straight week, US average at 7.02%
The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply
1 hour ago
2 hours ago
The Dow crosses 40,000 for the first time in history
The Dow is now up about 6% so far this year.
2 hours ago
2 hours ago
EA Sports College Football 25 comes out on July 19. Edwards, Ewers, Hunter are on standard cover
EA Sports has revealed an image of the College Football 25 cover that features Michigan running back Donovan Edwards, Texas quarterback Quinn Ewers and Colorado two-way player Travis Hunter
2 hours ago
3 hours ago
Dow Jones Industrial Average crosses 40,000 points for the first time
Dow Jones Industrial Average crosses 40,000 points for the first time
3 hours ago
3 hours ago
Teen who ate spicy tortilla chip died of high chile consumption and had a heart defect, autopsy says
An autopsy of a Massachusetts teen who died after participating in a spicy tortilla chip challenge says his death was caused by eating a large quantity of chile pepper extract
3 hours ago
3 hours ago
Medical examiner links spicy tortilla chips to death of Massachusetts teen who took part in social media challenge
Medical examiner links spicy tortilla chips to death of Massachusetts teen who took part in social media challenge
3 hours ago
3 hours ago
Dow Jones Industrial Average crosses 40,000 points for the first time
Dow Jones Industrial Average crosses 40,000 points for the first time
3 hours ago
3 hours ago
Uber announces launch of new shuttle service
The service plans to launch this Summer in Chicago, Pittsburgh, Charlotte and Miami.
3 hours ago
3 hours ago
Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack
President Joe Biden says the Supreme Court's rejection of a conservative-led attack that could've undermined the Consumer Financial Protection Bureau is “an unmistakable win" for consumers
3 hours ago
3 hours ago
Supreme Court upholds consumer protection agency's funding structure, rejecting a conservative attack
Supreme Court upholds consumer protection agency's funding structure, rejecting a conservative attack
3 hours ago
May 16
US applications for jobless benefits come back down after last week's 9-month high
Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced
May 16
May 16
Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors
Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops
May 16
May 16
The larger the nonprofit, the more likely it is run by a white man, says new Candid diversity report
White men are most likely to lead the largest, best-funded nonprofits, while women of color tend to lead the organizations with the fewest financial resources, according to a study from the nonprofit data research organization Candid released Thursday
May 16
May 16
Facebook and Instagram face fresh EU digital scrutiny over child safety measures
The European Union opened fresh investigations into Facebook and Instagram over suspicions that they’re failing to protect children online, in violation of the bloc’s strict digital regulations for social media platforms
May 16
May 16
Walmart's strong first quarter driven by consumers seeking bargains with inflation still an issue
Walmart is reporting another quarter of strong results as its low prices pull in shoppers scouring for discounts with inflation stubbornly high
May 16
May 16
Takeaways from the AP's investigation into how US prisoners are hurt or killed on the job
An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workers
May 16
May 16
US prisoners are being assigned dangerous jobs. But what happens if they are hurt or killed?
An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workers
May 16
May 16
Finnish carrier will resume Estonia flights in June after GPS interference prevented landings
Finland’s national carrier Finnair is resuming flights to Estonia’s second largest city in June after two of its planes were prevented from landing in Tartu last month because of GPS disruptions
May 16
May 16
Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031
May 16
May 16
One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts
Auto technology has evolved
May 16
May 16
Stock market today: Dow tops 40,000 for the first time as Wall Street drifts higher
The Dow Jones Industrial Average topped the 40,000 level for the first time, as U.S. stocks drift higher to add to their records
May 16
May 16
Caitlin Clark's WNBA debut helps ESPN set viewership record for league game on network
ESPN’s broadcast of the Connecticut Sun’s game against Caitlin Clark and the Indiana Fever had the highest viewership of a WNBA game on the network
May 16
May 15
Japan's economy shrinks on weak consumer spending, auto woes
Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined
May 15
May 15
University of California official says system has $32 billion in holdings targeted by protesters
The University of California has $32 billion in assets targeted by students protesting the Israel-Hamas war
May 15
May 15
Global quest for taller and taller buildings driven by urban future, author says
Jason Barr believes more and more skyscrapers will be built.
May 15
May 15
The first Mexican taco stand to get a Michelin star is a tiny business where the heat makes the meat
Michelin-starred chef Arturo Rivera Martinez stands over an insanely hot grill at the first Mexican taco stand to get a coveted star
May 15
May 15
Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb
Warren Buffett’s Berkshire Hathaway is disclosing a new $7 billion stake in fellow insurer Chubb
May 15
May 15
DeSantis, amid criticism, signs Florida bill making climate change a lesser state priority
Florida Gov. Ron DeSantis has signed a bill making climate change a lesser priority under state law and banning offshore wind turbines near the state's long coastline
May 15
May 15
Port of New Orleans' chief resigning amid praise for moves to advance new cargo terminal project
The Port of New Orleans’ president and chief executive officer has resigned to pursue an opportunity in the private sector
May 15
May 15
U.S. stocks rally to records after encouraging data on inflation as S&P 500, Dow and Nasdaq composite set all-time highs
U.S. stocks rally to records after encouraging data on inflation as S&P 500, Dow and Nasdaq composite set all-time highs
May 15
May 15
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 61 cents to $78.63 per barrel Wednesday
May 15
May 15
The US says Boeing violated a 2021 settlement. That doesn't mean the company will face charges
The Justice Department says Boeing has violated terms of a deal that allowed the giant aircraft manufacturer to avoid prosecution for fraud in 2021
May 15
May 15
House signs off on FAA bill that addresses aircraft safety and the refund rights of passengers
Congress has passed a bill that is designed to add more safety inspectors at aircraft factories and to give air travelers automatic refunds for canceled or long-delayed flights
May 15
May 15
Yemeni security forces deploy in Aden as anger simmers over lengthy power outages
Yemeni authorities have deployed security forces and armored vehicles across the port city of Aden, in preparation for the latest in a series of protests over hours-long electricity outages caused by a shortage of fuel for power stations
May 15
May 15
Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets
Visa has announced major changes to how its credit and debit cards will operate in the U.S. Features in the works will lead to Americans to carry fewer physical cards in their wallets and make the 16-digit credit or debit card number printed on every p...
May 15
May 15
CEO of Brazil’s oil and gas giant Petrobras steps down following dustup over dividends
The head of Brazil’s Petrobras is stepping down after a fight over dividends, sending shares of the state-controlled oil and gas giant tumbling
May 15
May 15
Barge hits a bridge in Texas, damaging the structure and causing an oil spill
Officials say a barge has hit a bridge in Galveston, Texas, spilling oil into surrounding waters and closing the only road connecting the city to Pelican Island
May 15
May 15
A barge has hit a bridge in Galveston, Texas, partially collapsing a rail line and closing only road to a small island
A barge has hit a bridge in Galveston, Texas, partially collapsing a rail line and closing only road to a small island
May 15
May 15
Son-in-law of top opponent of Venezuela's president pleads guilty to US money laundering charges
The son-in-law of a prominent Venezuelan opposition leader has pleaded guilty to money laundering charges for his role in a vast bribery conspiracy to siphon over a billion dollars from the state-owned oil company
May 15
May 15
Rising interest rates hurt student borrowers
The U.S. Department of Education said borrowing costs for new student loans will climb to their highest level in 16 years.
May 15
May 15
Petco, Nextracker rise; Dlocal, AMC Entertainment fall, Wednesday, 5/15/2024
Stocks that traded heavily or had substantial price changes on Wednesday: Petco, Nextracker rise; Dlocal, AMC Entertainment fall
May 15
May 15
Billionaire Frank McCourt says he's putting together a consortium to buy TikTok
Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business
May 15
May 15
Inflation cooled slightly in April, ending monthslong surge in prices
Consumer prices rose 3.4% in April compared to a year ago.
May 15