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Business News
Edmunds: Trade or sell your car? What's best might surprise you
With used car prices dropping, it’s crucial to know the best way to maximize your return when you part ways with your current car
May 08, 2024Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd day
Asian shares are mixed after Wall Street’s lull stretched into a second day
May 08, 2024Warren Buffett says AI may be better for scammers than society. And he's seen how
Buffett cautioned the tens of thousands of shareholders at his annual meeting.
May 04, 2024
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27 minutes ago
US weekly jobless claims hit highest level since August of 2023, though job market is still hot
The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week in another sign that the labor market may be softening
27 minutes ago
34 minutes ago
How to turn a supermarket bouquet into a lusher, more personalized flower arrangement
If your heart is telling you to give a luxurious bouquet of flowers, but your wallet is saying shop at the supermarket, fear not
34 minutes ago
1 hour ago
TikTok sues to block potential ban. Can it win?
The social platform has a viable case but faces challenges, experts said.
1 hour ago
1 hour ago
TikTok to start labeling AI-generated content as technology becomes more universal
TikTok says it’s going to start automatically labeling content that’s made by artificial intelligence when it’s uploaded from certain platforms
1 hour ago
1 hour ago
Bread loaves recalled in Japan after 'rat remains' were found
Loaves of bread have been taken off store shelves in Japan after the remains of “a small animal” believed to be a rat were found
1 hour ago
2 hours ago
Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
2 hours ago
2 hours ago
Bank of England keeps its main UK interest rate on hold at 5.25% but indicates that cuts may be imminent
Bank of England keeps its main UK interest rate on hold at 5.25% but indicates that cuts may be imminent
2 hours ago
2 hours ago
Feds have 'significant safety concerns' about Ford fuel leak recall and demand answers about the fix
Federal investigators say they have “significant safety concerns” about a Ford SUV recall repair that doesn’t fix gasoline leaks that can cause engine fires
2 hours ago
3 hours ago
Guns are being stolen from cars at triple the rate they were 10 years ago, a report finds
The rate of guns stolen from cars in the U.S. has tripled over the last decade, making them the largest source of stolen guns in the country
3 hours ago
4 hours ago
Japanese automaker Nissan reports 92% jump in profit as sales surge
Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China
4 hours ago
May 09
Stock market today: Wall Street limps toward second straight day of losses before the bell
Wall Street’s lull threatened to stretch into a second day Thursday as more corporate earnings are released ahead of the government’s weekly layoffs data
May 09
May 09
Fiji's ex-leader, Frank Bainimarama, sentenced to prison for interfering in police investigation
Former Fijian Prime Minister Frank Bainimarama has been sentenced to a year in prison for interfering in a criminal investigation while leading the government of his South Pacific island nation
May 09
May 09
Yemen's Houthi rebels claim 2 attacks in Gulf of Aden as Iran official renews nuclear bomb threats
Yemen’s Houthi rebels have claimed responsibility for two missile attacks in the Gulf of Aden on two Panama-flagged container ships that caused no damage
May 09
May 09
Europe Day marks 1 month till EU elections. Rise of hard right, wilting of Green Deal are possible
The European Union marks its annual Europe Day on Thursday
May 09
May 09
China's exports and imports return to growth in April as demand improves
China reported Thursday that its exports and imports returned to growth in April, suggesting that demand is improving despite an uneven economic recovery
May 09
May 09
Union push pits the United Farm Workers against a major California agricultural business
A battle is underway in California between a unit of the Wonderful Co. and United Farm Workers over how a group of workers organized under a recently-enacted labor law
May 09
May 08
WSJ reporter pens book critical of Amazon
ABC News’ Linsey Davis spoke with reporter Dana Mattioli who investigates Amazon’s business practices in “The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power.”
May 08
May 08
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital ...
May 08
May 08
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading
May 08
May 08
Activist investor wins several Norfolk Southern board seats but won’t have control to fire CEO
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away
May 08
May 08
Beyond Meat urges investors to look past bumpy Q1, says new US burger could reignite sales
Plant-based meat maker Beyond Meat urged investors to look past its mixed first quarter results Wednesday, saying a new, healthier burger just hitting U.S. shelves will help reignite weak sales
May 08
May 08
How major US stock indexes fared Wednesday, 5/8/2024
Stock drifted to a mixed close as Wall Street remains in a lull
May 08
May 08
Candace Parker takes a new job with Adidas after retiring from a 16-year WNBA career
Candace Parker has a new job as president of women’s basketball at Adidas
May 08
May 08
Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break
Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing
May 08
May 08
South Carolina Senate turns wide-ranging energy bill into resolution supporting more power
A bill passed by the South Carolina House that power companies said is vital to keep the lights on in the state has been turned into an expression of support in the Senate
May 08
May 08
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 61 cents to $78.99 per barrel Wednesday
May 08
May 08
Steward Health Care says it is selling the 30+ hospitals it operates nationwide
Steward Health Care says it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection
May 08
May 08
With inflation soaring, Argentina will start printing 10,000 peso notes
Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note by five — to 10,000 pesos, worth about $10
May 08
May 08
The $230 billion donor-advised fund industry gets an IRS hearing
Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes
May 08
May 08
Kenya's public hospital doctors sign agreement to end national strike after almost 2 months
Kenya's public hospital doctors union has called off a national strike that had left patients in limbo for almost two months
May 08
May 08
Shopify's shares tumble on weak outlook after a very strong start to 2024
Shopify’s stock is poised to potentially tumble to an all-time low on Wednesday as the Canadian company gave a disappointing second-quarter forecast that includes easing revenue growth and thinner margins
May 08
May 08
Bank of England expected to wait for more evidence that inflation is under control before rate cut
The Bank of England is expected to maintain interest rates at a 16-year high of 5.25% Thursday, but a cut wouldn’t be a huge surprise as inflation falls from multi-decade highs
May 08
May 08
Slow to expand, internet casino gambling is the future of US betting, industry execs say
Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos
May 08
May 08
Uber, Shopify fall; Lyft, Arista Networks rise, Wednesday, 5/8/2024
Stocks that traded heavily or had substantial price changes on Wednesday: Uber, Shopify fall; Lyft, Arista Networks rise
May 08
May 08
What to know about the new AI data center in Wisconsin
The $3 billion investment by Microsoft is expected to add 2,000 permanent jobs.
May 08
May 08
Prada focuses generational transition on artisans, expanding production and workforce in Italy
The Prada Group is expanding its production footprint in Italy, including dozens of new jobs at its knitwear factory in Umbria, leaning into “Made in Italy” as integral to the brand’s ethos
May 08
May 08
In the NIL landscape, schools are turning to companies to train and manage in-house general managers
Athletic departments across the country are trying to figure out the best way to manage the name, image and likeness landscape when it comes to athletes earning endorsement money
May 08
May 08
Biden to tout new AI data center in Wisconsin
The president will announce Microsoft’s plan to build a $3.3 billion data center, which is expected to be ready for 2026.
May 08
May 08
EU reaches a tentative deal on Ukraine aid coming from profits of frozen Russian assets
European Union nations have reached a tentative breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the bloc
May 08
May 08
Kai Cenat's riot charges dropped after he apologizes and pays for Union Square mayhem
Charges of inciting a riot will be dropped against streamer Kai Cenat after he agreed to pay restitution and apologize for luring thousands of fans to New York’s Union Square last year
May 08
May 08
Fans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there
Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices
May 08
May 08
AB InBev reports higher-than-expected revenue in first quarter despite ongoing weakness in the US
Anheuser-Busch InBev reported higher-than-expected revenue in the first quarter despite lower sales in the U.S. and China
May 08
May 08
A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
May 08
May 08
BetterHelp customers begin receiving refund notices from $7.8M data privacy settlement, FTC says
Many current and former BetterHelp customers have begun receiving refund eligibility notices spanning from a $7.8 million settlement reached with the online therapy provider last year over allegations that it shared sensitive health data with advertisers
May 08
May 08
FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that
May 08
May 08
Edmunds: Trade or sell your car? What's best might surprise you
With used car prices dropping, it’s crucial to know the best way to maximize your return when you part ways with your current car
May 08
May 08
AstraZeneca pulls its COVID-19 vaccine from the European market
The pharma giant AstraZeneca has requested that the European authorization for its COVID-19 vaccine be pulled
May 08
May 08
Biden lauds new Microsoft center on the same site where Trump's Foxconn project failed
President Joe Biden has laced into Donald Trump over a failed project that was supposed to bring thousands of new jobs into southeastern Wisconsin
May 08
May 08
Former Las Vegas casino executive sentenced to year of probation in bookmaking money laundering case
A former top executive at Las Vegas Strip casinos has been sentenced to a year of probation after pleading guilty to violating federal anti-money laundering rules
May 08
May 08
Disney receives another key approval to expand Southern California theme parks
Disney has received another key approval to expand its Southern California theme parks in its first push to make major changes to its iconic Disneyland in decades
May 08