Business News
Ford recalling over 1 million cars over brake hose issue
Ford Fusions and Lincoln MKZs are affected in the recall.
March 16, 2023What the Silicon Valley Bank collapse means for you
The largest bank failure since 2008 has triggered a financial emergency.
March 13, 2023Drones fly deep inside Russia; Putin orders border tightened
Drones that the Kremlin said were launched by Ukraine flew deep inside Russian territory, including one that got within 60 miles of Moscow
February 28, 2023
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1 hour ago
Apaches get new chance to argue mine will harm sacred sites
An Apache group battling a foreign firm that wants to build one of the largest U.S. copper mines on what tribal members say is sacred land is getting a new chance to make its point to a full federal appeals court panel
1 hour ago
1 hour ago
South Korea to restore Japan's trade status to improve ties
South Korean President Yoon Suk Yeol says his government will take steps to restore Japan’s preferential trade status
1 hour ago
2 hours ago
Army of lobbyists helped water down banking regulations
A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018
2 hours ago
March 20
Last call: Dodge unveils last super-fast gasoline muscle car
The last gas-powered muscle car from Dodge isn’t leaving the road without some squeals, thunder and crazy-fast speed
March 20
March 20
Safety board: Alabama derailed train lacked needed couplers
Federal investigators say a Norfolk Southern train that derailed in Alabama earlier this month lacked required alignment control couplers and a company inspection didn't identify their absence
March 20
March 20
Cruise wants to test self-driving cars all over California
General Motors’ Cruise autonomous vehicle unit has asked California for permission to test the cars across the entire state
March 20
March 20
Last wild Atlantic salmon can survive Maine dams, feds say
The federal government says endangered Atlantic salmon can coexist with dams on a river in Maine, dealing a blow to environmentalists who want to remove the dams
March 20
March 20
How major US stock indexes fared Monday 3/20/2023
Wall Street closed higher after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry
March 20
March 20
First Republic, Athenex fall; Franchise Group, Exelixis rise
Stocks that traded heavily or had substantial price changes Monday: First Republic, Athenex fall; Franchise Group, Exelixis rise
March 20
March 20
Federal Reserve was aware of SVB problems ahead of collapse
The Fed identified significant vulnerabilities at the bank.
March 20
March 20
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for April delivery rose 90 cents to $67.64 a barrel Monday
March 20
March 20
IMF approves crucial $3B bailout for bankrupt Sri Lanka
The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka
March 20
March 20
WH economic report: Money for child care would help growth
The White House is making the case for more government support for child care programs in an economic report being released Monday
March 20
March 20
UBS takes over Credit Suisse amid fears of financial crisis contagion
ABC News’ Alexis Christoforous breaks down UBS’ acquisition of Swiss competitor Credit Suisse amid fears instability could spread after the failure of Silicon Valley Bank.
March 20
March 20
French government survives 2 no-confidence votes after President Macron forces through bill raising retirement age
French government survives 2 no-confidence votes after President Macron forces through bill raising retirement age
March 20
March 20
French government survives first no-confidence vote, second one unlikely to pass
French government survives first no-confidence vote, second one unlikely to pass
March 20
March 20
Pay transparency is spreading. Here's what you need to know
More employers are posting salary bands for job postings, even in states where it’s not mandated by law
March 20
March 20
Putin warns Russia could drop grain deal after 60 days
Russian President Vladimir Putin has reaffirmed that Moscow has agreed to extend a deal allowing the exports of Ukrainian grain to global markets only for 60 days and could drop it altogether if its conditions aren’t met
March 20
March 20
France ordered to curb mass dolphin deaths in fishing nets
France’s highest administrative body has ordered the government to better protect endangered dolphins and porpoises in a French industrial fishing hub in the Atlantic Ocean that has become controversial over links to mass deaths of cetaceans in recent ...
March 20
March 20
Will the Credit Suisse bank takeover calm financial fears?
Globally connected Credit Suisse has been taken over by rival UBS at the urging of Swiss authorities to avoid a collapse that could have sent shock waves through the global economy
March 20
March 20
Layoffs keep hitting tech: Amazon to cut 9,000 workers in new wave of layoffs
Several companies have cited fears of a recession in their decisions.
March 20
March 20
Lebanon to construct new terminal at Beirut airport
Lebanon will construct a $122 million terminal at Beirut’s Rafik Hariri International Airport to be operated by a leading Irish airport company when it’s completed in four years,
March 20
March 20
Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
The cuts would be the second largest round of layoffs in the company's history.
March 20
March 20
First Republic Bank shares slide in volatile trading session
Shares of First Republic Bank fell another 47% Monday as investors remain uneasy about the bank’s financial condition even after a group of the nation’s largest financial institutions teamed up on a $30 billion rescue package
March 20
March 20
German pensions to rise again, but slower than inflation
The German government says retirees' pensions will rise significantly this summer for the second consecutive year
March 20
March 20
Starbucks new CEO Laxman Narasimhan takes his seat
Starbucks officially has a new CEO
March 20
March 20
Putin welcomes China's plan to settle 'acute crisis' in Ukraine at start of talks with Xi Jinping at the Kremlin
Putin welcomes China's plan to settle 'acute crisis' in Ukraine at start of talks with Xi Jinping at the Kremlin
March 20
March 20
Russian President Vladimir Putin greets Chinese leader Xi Jinping for high-stakes meeting at the Kremlin
Russian President Vladimir Putin greets Chinese leader Xi Jinping for high-stakes meeting at the Kremlin
March 20
March 20
Putin sticks to protocol during Chinese leader Xi's visit
President Vladimir Putin wasn’t waiting at the end of the red carpet to greet Chinese leader Xi Jinping upon his arrival in Russia for a high-profile visit
March 20
March 20
China says deadly 2022 plane crash still being investigated
The Chinese government says experts are still investigating the cause of the crash of a China Eastern Airlines jetliner last year that killed 132 people
March 20
March 20
Insider Q&A: From oil to offshore wind, Ørsted transformed
There's scientific agreement that carbon emissions must cease in order to address climate change, but how does a company make that transition and remain profitable
March 20
March 20
EU pledges $1 billion for post-quake Turkey reconstruction
The European Union and international donors on Monday pledged seven billion euros ($7.5 billion) to help Turkey and Syria in the aftermath of the earthquake that devastated parts of the neighboring countries last month
March 20
March 20
French government survives no-confidence votes over pensions
Parliament has adopted a divisive pension bill raising the retirement age in France from 62 to 64, after lawmakers in the lower chamber rejected two no-confidence votes against the government
March 20
March 20
Putin welcomes China’s Xi to Kremlin amid Ukraine fighting
Russian President Vladimir Putin has welcomed Chinese leader Xi Jinping to the Kremlin, sending a message to Western leaders allied with Ukraine that their efforts to isolate Moscow have fallen short
March 20
March 20
Chinese leader Xi Jinping lands in Moscow to meet with Russian President Vladimir Putin as fighting in Ukraine grinds on
Chinese leader Xi Jinping lands in Moscow to meet with Russian President Vladimir Putin as fighting in Ukraine grinds on
March 20
March 20
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
March 20
March 20
EU's top diplomat hails deal on artillery shells for Ukraine
The European Union's top diplomat says the 27-nation bloc and Norway have endorsed a fast-track procedure to supply badly-needed artillery shells to Ukraine
March 20
March 20
Ukraine: Volunteer specialist doctors run clinics near front
A team of volunteer specialist doctors has set up a mobile clinic in a cramped municipal building in a former front-line village in Ukraine
March 20
March 20
New Zealand's foreign minister to visit counterpart in China
New Zealand’s Foreign Minister will visit her counterpart in Beijing this week in the first such trip in four years
March 20
March 20
Credit Suisse-UBS deal offers hope, but bank doubts persist
Credit Suisse shares have plunged after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price
March 20
March 20
Asian stocks rise ahead of Fed's next interest rate decision
Asian stock markets are higher ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks
March 20
March 20
Digital literacy: Can the republic 'survive an algorithm'?
Much of the debate about combating online misinformation and extremism revolves around government regulations and changes made by social media platforms
March 20
March 19
New York Community Bank to buy failed Signature Bank
It is buying a significant chunk of the failed bank in a $2.7 billion deal.
March 19
March 19
New York Community Bank buys assets of Signature Bank. FDIC estimates the bank's failure will cost insurance fund $2.5B
New York Community Bank buys assets of Signature Bank. FDIC estimates the bank's failure will cost insurance fund $2.5B
March 19
March 19
Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion
Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion
March 19
March 19
Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse
Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse
March 19
March 19
Banking giant UBS acquiring Credit Suisse for $3.2 billion
Credit Suisse Chairman Axel Lehmann called the sale “a clear turning point.”
March 19
March 19
UK aims to send migrants to Rwanda in months if courts agree
Britain’s government says it could start deporting asylum-seekers to Rwanda in the next few months if U.K. courts rule that the controversial policy is legal
March 19
March 19
Central African Republic rebels storm mine; 9 Chinese killed
A local official in Central African Republic says nine Chinese nationals have been killed in attack at a gold mining site
March 19
March 19
Kazakhs vote in newly competitive parliamentary election
Voters in Kazakhstan have gone to the polls to choose lawmakers in the lower house of parliament which is being reconfigured in the wake of deadly unrest that gripped the resource-rich Central Asian nation a year ago
March 19