Feb 19
Sahib Bhatia
Business News
EXPLAINER: Why are fears of high inflation getting worse?
Gas prices are rising
May 12, 2021
Kremlin-imposed cuts at US Embassy leave thousands adrift
Under Kremlin orders, the U.S. Embassy has stopped employing Russians, forcing the embassy to cut its consular staff by 75% and limit many of its usual services
May 12, 2021EU economy to expand, bouncing back from pandemic crisis
The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to regain lost ground by the end of next year
May 12, 2021
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Latest Business Video
Latest Business Headlines
15 minutes ago
Alibaba records first quarterly operating loss since IPO
China’s largest e-commerce company Alibaba Group Holding on Thursday reported its first quarterly operating loss since it went public in 2014, after Beijing slapped a record $2.8 billion fine on the company for abusing its market position
15 minutes ago
24 minutes ago
Biden team moves swiftly to tackle pipeline political peril
The Biden administration swung aggressively into action after a primary gasoline pipeline fell prey to a cyberattack
24 minutes ago
37 minutes ago
April wholesale prices jump 0.6%, led by higher food costs
Wholesale prices rose a higher-than-expected 0.6% in April, driven by escalating food costs
37 minutes ago
40 minutes ago
US unemployment claims drop to 473,000, a new pandemic low
Layoffs have slowed further with economy strengthening.
40 minutes ago
44 minutes ago
Choppy jobs recovery could mean bumpy economic rebound
The economic recovery’s seemingly open road ahead could get a little bumpy from here
44 minutes ago
1 hour ago
McDonald's raising US workers' pay in company-owned stores
McDonald’s is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a tight labor market
1 hour ago
5 minutes ago
Global stock markets sink as inflation worries mount
Stocks are opening higher on Wall Street following three days of losses and the biggest one-day drop in the S&P 500 since February
5 minutes ago
4 hours ago
Why restaurants are having a hard time finding staff right now
Boosted unemployment benefits could be one of several reasons.
4 hours ago
May 13
As chip shortage goes on, cars are scarce and prices are up
Automakers are cutting production as they grapple with a global shortage of computer chips, and that's making dealers nervous
May 13
May 13
Driven by despair, Lebanese pharmacist looks to life abroad
The shelves are bare at the Panacea pharmacy north of Beirut
May 13
May 13
Asian stocks follow Wall St lower as inflation worries mount
Asian stocks have fallen for a second day, following Wall Street lower as worries about inflation mount
May 13
May 12
By the Numbers: Consumer prices spike 4.2% in last year
A look at recent inflation, with prices for consumer goods, food and used cars surging as the U.S. economy picks up.
May 12
May 12
Colonial Pipeline restarts operations days after major hack
The nation’s largest fuel pipeline restarted operations, days after it was forced to shut down by a gang of hackers
May 12
May 12
Biden team moves swiftly to tackle pipeline political peril
The Biden administration swung aggressively into action after a primary gasoline pipeline fell prey to a cyberattack
May 12
May 12
Consumer prices shot up 0.8% in April as worries escalate
A worrisome bout of inflation struck the economy in April, with U.S. consumer prices surging 0.8%, the largest monthly jump in more than a decade and the year-over-year increase reaching its fastest rate since 2008
May 12
May 12
FAA chief defends 737 Max, calls new fix 'straightforward'
The head of the Federal Aviation Administration is continuing to express confidence in the safety of the Boeing 737 Max after new electrical problems with some of the planes
May 12
May 12
Crash, arrest draw more scrutiny of Tesla Autopilot system
Federal safety regulators are sending a team to California to investigate a fatal freeway crash involving a Tesla, just after authorities near Oakland arrested a man in another Tesla rolling down a freeway with no one behind the steering wheel
May 12
May 12
Emergency program to give people $50 off internet bill
Americans can begin applying for $50 off their internet bill on Wednesday as part of an emergency government program to keep people connected during the pandemic
May 12
May 12
How major US stock indexes fared Wednesday
Stocks pulled back again on Wall Street Wednesday after a surprisingly big jump in inflation last month worsened worries among investors that the economy may run too hot as it bounces back from its pandemic-induced recession
May 12
May 12
Grocery Outlet, Lumentum fall; Exxon Mobil, fuboTV rise
Stocks that traded heavily or had substantial price changes Wednesday: Grocery Outlet, Lumentum fall; Exxon Mobil, fuboTV rise
May 12
May 12
Closing prices for crude oil, gold and other commodities
Closing prices for crude oil, gold and other commodities, and foreign exchange levels
May 12
May 12
US budget deficit hits record $1.9 trillion so far this year
The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year
May 12
May 12
Rising commodities costs hit Americans at home and on road
Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level
May 12
May 12
Electric 3-wheeled car factory, jobs coming to Mesa, Arizona
ElectraMeccanica, known for its tiny, single passenger, three-wheeled electric cars, has picked Mesa, Arizona for its U.S.-based assembly and engineering plant
May 12
May 12
Boris Johnson's office says court debt order 'without merit'
British Prime Minister Boris Johnson’s office says an outstanding court order against Johnson over an allegedly unpaid debt is “totally without merit.”
May 12
May 12
EXPLAINER: Why are fears of high inflation getting worse?
Gas prices are rising
May 12
May 12
Gas prices hit $3 a gallon for 1st time in nearly 7 years amid Colonial Pipeline saga
Federal authorities have urged for calmness and against panic-buying.
May 12
May 12
EU companies could face legal action over Iran contracts
A top EU court advisor says Iranian banks or firms could take legal action against European companies that terminate their contracts without proving that they are not caving in to U.S. sanctions
May 12
May 12
UK economy showed resilience ahead of big lockdown easing
Official figures show that the British economy contracted by 1.5% in the first quarter of 2021, a relatively modest contraction given that the country was in the midst of a strict lockdown to combat a second wave of the coronavirus
May 12
May 12
Slovakia plans to keeping using AstraZeneca despite pause
Slovakia's health minister says the AstraZeneca coronavirus vaccine should remain part of his country's vaccination program
May 12
May 12
UK's Johnson urged to bring forward inquiry into pandemic
British Prime Minister Boris Johnson has confirmed that an independent public inquiry into the government’s handling of the coronavirus pandemic will start hearing evidence next year
May 12
May 12
Consumer prices spiked 4.2% year-over-year in April
The latest data comes amid mounting inflation fears from investors.
May 12
May 12
Amazon wins EU court fight over $300 million tax ruling
A European Union court has overturned a ruling by the European Commission that a tax deal between Luxembourg's government and Amazon amounted to illegal state support
May 12
May 12
French court orders trial in 2009 crash of Rio-Paris flight
A French court has ordered Air France and plane maker Airbus to stand trial for manslaughter in the 2009 crash of a flight from Rio de Janeiro to Paris which killed all 228 people aboard
May 12
May 12
WHO should have more power to stop pandemics
A panel of independent experts who reviewed the World Health Organization’s response to the coronavirus pandemic has published its final report, listing an array of recommendations about how the world can better prepare for another
May 12
May 12
Edmunds: 2021 Ford Bronco Sport vs the Subaru Forester
Edmunds compares the 2021 Ford Bronco Sport with the Subaru Forester, the current king when it comes to small crossovers that are off-road-ready
May 12
May 12
Japan's Toyota says profit soared in Jan-March amid pandemic
Toyota says its profit more than doubled to 777 billion yen, or $7 billion, in the last quarter as the Japanese automaker’s sales recovered from the pandemic
May 12
May 12
UK government plan to toughen voter ID rules draws criticism
The British government has announced contentious plans to toughen election voting rules by requiring photo identification at polling stations
May 12
May 12
EU economy to expand, bouncing back from pandemic crisis
The European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to regain lost ground by the end of next year
May 12
May 12
American tells Japan court he worked for Nissan's interests
Greg Kelly, an American lawyer on trial in Japan on charges related to former Nissan Chairman Carlos Ghosn’s compensation, has asserted his innocence, testifying he acted legally and in Nissan's best interests
May 12
May 12
Japan's SoftBank returns to profit on global stock boom
Japanese technology conglomerate SoftBank Group Corp. says it returned to profitability in the fiscal year that ended in March, boosted by the strong performance of its sprawling investments as stock prices surged
May 12
May 12
This state's biggest city is using guaranteed income to aid pandemic recovery
The pilot program aims to aid the city's vulnerable and housing insecure.
May 12
May 12
Kremlin-imposed cuts at US Embassy leave thousands adrift
Under Kremlin orders, the U.S. Embassy has stopped employing Russians, forcing the embassy to cut its consular staff by 75% and limit many of its usual services
May 12
May 12
Public service in the US: Increasingly thankless, exhausting
Historically, public service jobs have given people a chance to give back to their communities while earning solid benefits, maybe even a pension
May 12
May 12
UN raises global economic forecast to 5.4% growth in 2021
The United Nations has responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% for 2021
May 12
May 12
Wall Street opens lower led by more drops in Big Tech stocks
Asian stock markets are lower as investors look ahead to U.S. data they worry will show inflation picking up
May 12
May 11
Gas stations report shortages as pipeline shutdown drags on
More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of a major pipeline by hackers entered its fifth day
May 11
May 11
Beyond vaccines, UNESCO wants more global science shared
While the U.S. president is calling for suspending patents on COVID-19 vaccines, experts at UNESCO are quietly working on a more ambitious plan
May 11
May 11
Latest 737 Max problem sets back Boeing airplane deliveries
Boeing deliveries of new planes slumped in April, as the company worked to fix an electrical-grounding problem on some 737 Max jetliners
May 11
May 11
Ferro, 3D Systems rise; Yum, Novavax fall
Stocks that traded heavily or had substantial price changes Tuesday: Ferro, 3D Systems rise; Yum, Novavax fall
May 11