
Business News
TikTok faces bans in US and other countries. Here's why.
Officials raise concerns of data security but critics warn of overreach.
February 28, 2023US banking system 'sound and resilient,' Fed Chair Jerome Powell says
The comments came on Wednesday after the Fed raised interest rates 0.25%.
March 22, 2023Slim pickings for buyers amid near-record low homes for sale
Americans eager to buy a home this spring, beware: It’s slim pickings out there
March 22, 2023
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1 hour ago
New Starbucks CEO plans to work in stores monthly
Starbucks’ new CEO says he plans to work a half-day shift once a month in one of the company’s stores
1 hour ago
2 hours ago
Germany urges North Macedonia to amend charter for EU bid
Germany's foreign minister has urged North Macedonia’s leaders to deliver on a pledge to amend the country’s constitution needed to speed up its path toward European Union membership
2 hours ago
2 hours ago
Massachusetts train derails, no hazardous cargo reported
Some freight train cars have derailed in Massachusetts but the fire department says no hazardous materials were on board
2 hours ago
2 hours ago
Lawmakers tell ex-CEOs 'you must answer' for bank failures
Leaders of the Senate’s banking committee are telling former chief executive officers at the failed Silicon Valley Bank and Signature Bank they “must answer” for their banks' "downfall.”
2 hours ago
3 hours ago
New fallout from Federal Reserve hiking interest rates for 9th consecutive time
The Federal Reserve raised its short-term borrowing rate another quarter-point yesterday, intensifying the central bank's fight against inflation.
3 hours ago
3 hours ago
Average long-term US mortgage rate falls to 6.42% this week
The average long-term U.S. mortgage fell for the second straight week, which combined with moderating home prices, could give the housing market a boost as the spring buying season begins
3 hours ago
3 hours ago
Biden's Canada agenda stacked: NORAD, migration deals likely
President Joe Biden arrives in Canada on Thursday with a focus on big global issues
3 hours ago
3 hours ago
Scotland's Sturgeon exits with pride, brickbats from critics
First Minister Nicola Sturgeon has addressed lawmakers for the last time as Scottish leader
3 hours ago
3 hours ago
Police: Crypto firm founder Do Kwon arrested in Montenegro
Police in Montenegro say they have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency
3 hours ago
March 23
Cost of India quitting coal is $900 billion, think tank says
India will require $900 billion over the next 30 years to move away from coal mines and thermal plants, a New Delhi based think tank said in a report Thursday
March 23
March 23
NC approves Medicaid expansion, reversing long opposition
The Republican-controlled North Carolina legislature has given final approval to a Medicaid expansion agreement
March 23
March 23
Lawsuit: Slurs, coercion at BBQ chain with racist history
A South Carolina barbecue chain known for its pro-segregation stance in a landmark 1960s case and its embrace of the Confederate flag in 2000 is facing allegations of racism and sexual harassment by the fired general manager of one of its restaurants
March 23
March 23
IMF warns without reforms, Lebanon could see hyperinflation
The International Monetary Fund has given a grim assessment of Lebanon’s prospects for getting out of its deepening financial crisis
March 23
March 23
Ukraine president visits front-line areas as new phase nears
Ukraine’s president has made his third visit in two days to areas that have felt the brunt of Russia’s invasion
March 23
March 23
President seals Finland's NATO bid by signing required laws
The Finnish president has formally sealed the Nordic country’s historic bid to join NATO by signing into laws the required legal amendments needed for membership in the military alliance
March 23
March 23
No red carpet? French unrest impacts King Charles III's trip
Unrest in France is tarnishing the sheen of King Charles III’s first overseas trip as monarch
March 23
March 23
German unions call for wide-ranging transport strike Monday
German unions are calling on thousands of workers across the country’s transport system to stage a one-day strike on Monday that is expected to bring widespread disruption to planes, trains and local transit
March 23
March 23
Coinbase tumbles after SEC warns of securities violations
Coinbase’s stock is tumbling after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could possibly face securities charges
March 23
March 23
US jobless claims inch down as labor market remains tight
The labor market continues to defy the Federal Reserve’s attempts at loosening it, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels
March 23
March 23
Russia's security chief blasts West, dangles nuclear threats
A top Russian security official has declared that the risk of a nuclear war has risen and blasted a German minister for threatening Russian President Vladimir Putin with arrest
March 23
March 23
Bank of England hikes rates by quarter-point, following US Federal Reserve in focusing on inflation despite bank turmoil
Bank of England hikes rates by quarter-point, following US Federal Reserve in focusing on inflation despite bank turmoil
March 23
March 23
Hyundai, Kia recall vehicles due to fire risk
Hyundai and Kia are telling owners of over 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven
March 23
March 23
Germany plans to buy Australian-made combat vehicles
The German government says that Berlin plans to buy more than 100 Australian-made combat vehicles as it moves ahead with plans to modernize its armed forces
March 23
March 23
China criticizes possible US plan to force TikTok sale
China’s government says it would oppose possible U.S. plans to force TikTok’s Chinese owner to sell the short-video service as a security risk and warned such a move would hurt investor confidence in the United States
March 23
March 23
Pro-labor? Biden aims to prove it with unionized 2024 staff
Joe Biden likes to say he’s the most pro-union president in U.S. history
March 23
March 23
Heavily indebted Chinese developer proposes restructuring
China Evergrande, a real estate developer whose struggle to manage more than $300 billion in debt rattled global financial markets has announced a long-awaited plan to restructure what it owes to foreign bondholders
March 23
March 23
Credit Suisse deal averted crisis, Swiss central bank says
The Swiss central bank has hiked its key interest rate and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil
March 23
March 23
UK central bank hikes rates like Fed amid financial turmoil
The Bank of England has extended its battle against inflation, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system
March 23
March 23
TikTok CEO to testify on Capitol Hill amid calls for ban on app
Shou Zi Chew will address a potential ban, prepared remarks show.
March 23
March 23
EU leaders endorse joint ammo purchases for Ukraine
European Union leaders have endorsed a plan for sending Ukraine 1 million rounds of artillery ammunition within the next 12 months to help the country counter Russia’s invasion forces
March 23
March 23
Stocks rise, claw back some of the prior day's steep loss
Stocks are clawing back some of their steep losses from a day before, when markets tumbled into the close
March 23
March 23
Japan, South Korea drop export claims against each other
Japan’s Ministry of Economy, Trade and Industry has announced the country will lift export controls of three key semiconductor-related materials imposed in 2019 against South Korea
March 23
March 23
California may punish oil companies for high gas prices
A bill to punish oil companies for profiting from price spikes at the pump has passed the California Senate
March 23
March 23
Launch debut of 3D-printed rocket ends in failure, no orbit
A rocket made almost entirely of 3D-printed parts has finally taken flight, but didn't last long
March 23
March 23
Biden approval dips near lowest point: AP-NORC poll
Approval of President Joe Biden has dipped slightly since a month ago to 38%
March 23
March 22
Ford says EV unit losing billions, should be seen as startup
Ford’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology
March 22
March 22
Starbucks workers protest before annual shareholder meeting
Starbucks workers and their supporters rallied outside the company’s Seattle headquarters Wednesday to protest what they describe as union-busting efforts by executives
March 22
March 22
Slim pickings for buyers amid near-record low homes for sale
Americans eager to buy a home this spring, beware: It’s slim pickings out there
March 22
March 22
Farmers struggle in Argentina as drought withers their crops
The ground crackles as Guillermo Cuitino walks through dry farmland in Argentina that should be green and lush this time of year
March 22
March 22
Lindsay Lohan, other celebs settle with SEC over crypto case
Actress Lindsay Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so
March 22
March 22
TikTok CEO faces off with Congress over security fears
The CEO of TikTok is being grilled by a U.S. congressional committee to make the case for why the hugely popular video-sharing app shouldn’t be banned
March 22
March 22
Foot Locker announces plan to close 400 stores by 2026
Many underperforming mall stores will close to strengthen standalone stores.
March 22
March 22
Bipartisan support emerges for Senate railroad safety bill
A bipartisan consensus that Congress should act to toughen regulations on railroads is emerging in the U.S. Senate
March 22
March 22
Oil exec held for 5 years in Venezuela sues Citgo for $100M
One of the six oil executives with a Texas-based company who was imprisoned five years in Venezuela is suing his company for $100 million
March 22
March 22
Senators press Moderna CEO on COVID-19 vaccine price hike
Moderna’s CEO is defending a plan to more than quadruple the company’s COVID-19 vaccine price
March 22
March 22
GameStop, Greenbrier rise; Petco, PacWest fall
Stocks that traded heavily or had substantial price changes Wednesday: GameStop, Greenbrier rise; Petco, PacWest fall
March 22
March 22
Fox, Dominion argue over legal standards to prove defamation
Lawyers for Fox News and a voting machine company are tangling over the high bar to prove defamation in a $1.6 billion lawsuit that has embarrassed the conservative network over its airing of false claims related to the 2020 presidential election
March 22
March 22
2 employees of town near planned Ford truck plant indicted
Officials say two employees of a rural west Tennessee town that resisted a takeover attempt by the state after Ford Motor Co. announced plans to build a truck plant nearby have been charged with the theft of town funds and official misconduct
March 22
March 22
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for May delivery rose $1.23 to $70.90 a barrel Wednesday
March 22
March 22
US banking system 'sound and resilient,' Fed Chair Jerome Powell says
The comments came on Wednesday after the Fed raised interest rates 0.25%.
March 22