Business News

Wall Street wavered near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates

Opponents of offshore wind around the U.S. are pelting the projects with lawsuits, seeking to cancel them or tie them up for years in costly litigation

The International Brotherhood of Teamsters has declined to endorse Kamala Harris or Donald Trump for president, saying neither candidate has sufficient support from the 1.3 million-member union

Teamsters union declines to endorse Trump or Harris, after endorsing Biden in 2020 and being courted by Trump this year

Tupperware became woven into America's cultural fabric after World War II by forgoing retail stores in favor of a direct-to-consumer sales model

The rate cut could deliver relief to borrowers saddled with high costs.

The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing electric vehicle chargers

Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee’s 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate. In light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. In...

A pipeline fire that forced hundreds of residents to evacuate in suburban Houston is burning for a third day, with no clear end in sight

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

Federal Reserve cuts key interest rate by a sizable half-point, signaling an end to its inflation fight

Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists

Boeing’s CEO says a large number of employees will be furloughed to conserve cash during factory workers' strike

MrBeast is accused of creating “unsafe” employment conditions and misrepresenting contestants’ odds at winning his new Amazon reality show’s $5 million grand prize

Rogers Communications Inc. is buying out Bell’s 37.5% share of Maple Leaf Sports & Entertainment for $3.5 billion

The U.S. Justice Department is suing the owner and manager of the cargo ship that caused the Baltimore bridge collapse

Alaska Airlines is closing its $1 billion purchase of Hawaiian Airlines

The National Toy Hall of Fame is floating the idea of inducting balloons

The WNBA is headed back to Portland, with Oregon's biggest city getting an expansion team that will begin play starting in 2026

General Motors is now offering adapters to help its electric vehicle owners access Tesla chargers

Qualcomm lost its bid to get a European Union antitrust penalty thrown out after a top court largely rebuffed the technology company’s arguments in the case involving cellphone chipsets

Vehicle recalls are an important part of automotive safety

Tupperware Brands has filed for Chapter 11 bankruptcy protection

China has announced sanctions on American companies selling arms to the self-ruled island of Taiwan, which Beijing claims as its own territory and threatens to annex by force

The chief executive of Britain’s scandal-ridden Post Office will step down next year

Government scientists and artificial intelligence experts from at least nine countries and the European Union will meet in San Francisco after the U.S. elections to coordinate on safely developing AI technology and averting its dangers

Google has won a court challenge against a 1.49 billion euro European Union antitrust fine imposed five years ago that targeted its online advertising business

Google wins an appeal against 1.5 billion euro antitrust penalty in a 2019 European Union digital ad case

The Bank of England is widely expected to keep interest rates unchanged after official figures showed Inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills

Israel's defense minister declares a “new phase” of war as Hezbollah officials and Lebanon's state media say explosions went off in Beirut and multiple parts of Lebanon in an apparent second wave of detonations of electronic devices

Both leading candidates in Sri Lanka's presidential election are promising to give land to the country’s hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before

Japan has posted a trade deficit for a second straight month, as both exports and imports were lower than expected

The baobab tree is known as the “tree of life” and its fruit is feeding a growing global market for natural food and beauty products

Yemen’s Houthi rebels have shot down two American MQ-9 Reaper drones in under a week, further highlighting the regional spread of the Israel-Hamas war

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers

Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates

Former President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico

Federal officials have identified more than 50 square miles of government-owned property across the U.S. as having great potential for renewable energy projects

Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships

Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships

U.S. stocks drifted to a mixed close near their all-time highs ahead of a highly anticipated meeting of the Federal Reserve

Fired whistleblower says Titan submersible tragedy may have been prevented had safety agency investigated his complaint

Just one day after pagers used by hundreds of members of millitant group Hezbollah exploded, more electronic devices detonated in Lebanon Wednesday in what appeared to be a second wave of sophisticated, deadly attacks that targeted an extraordinary num...

The U.S. State Department and other global leaders have denounced the slaying of another environmental leader in rural Honduras

The Biden administration is letting Alaska Airlines buy Hawaiian Airlines

Google says it will halt plans to develop a major $200 million data center in Chile to address environmental concerns

In five states, an average gallon of gas costs less than $3.

Tennessee has announced a price hike for football tickets starting in 2025 with most of the increase going specifically to help pay players

SpaceX faces $633,000 in fines for alleged safety violations during two Florida launches last year

Cyprus has approved a massive undersea electricity cable project to link its grid with Greece's