Business News
Federal Reserve and the markets in standoff on rate hikes
Sooner or later, either Wall Street or the Federal Reserve has to blink.
January 24, 2023Here's the difference between a 'minimum wage' and 'living wage,' and why it matters
Near-historic inflation has drawn attention to the cost of affording the basics.
January 10, 2023Oregon pins hopes on mass timber to boost housing, jobs
In Oregon, mass timber is increasingly being viewed as a construction material that could help the state build more affordable homes and revive rural logging towns
January 27, 2023
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January 27
Oregon pins hopes on mass timber to boost housing, jobs
In Oregon, mass timber is increasingly being viewed as a construction material that could help the state build more affordable homes and revive rural logging towns
January 27
January 27
IMSA takes North American sports cars into hybrid era
IMSA is bringing North American sports car racing into the hybrid era starting with Saturday's Rolex 24 at Daytona
January 27
January 27
Amazon axes free grocery delivery on Prime orders under $150
Amazon is axing free grocery delivery for Prime members on orders less than $150
January 27
January 27
Fitch ups Greece's rating to a notch below investment grade
Credit ratings agency Fitch has raised Greece’s credit rating to one notch below investment grade
January 27
January 27
Usain Bolt fires business manager over Jamaica fraud case
Jamaican sprinter Usain Bolt tells reporters he is baffled over how $12.7 million of his money has gone missing from a local private investment firm that authorities are investigating as part of a massive fraud
January 27
January 27
Camera captures night sky spiral after SpaceX rocket launch
A camera atop Hawaii’s tallest mountain has captured what looks like a spiral swirling through the night sky
January 27
January 27
North Dakota landowners at odds in carbon pipeline plans
North Dakota landowners testified for and against a carbon capture company’s use of eminent domain
January 27
January 27
Musk, top Biden aides meet in Washington, talk electric cars
Tesla CEO Elon Musk and top aides to President Joe Biden have met in Washington to discuss electric vehicles
January 27
January 27
How major US stock indexes fared Friday 1/27/2023
Stocks closed higher on Wall Street, marking the market’s third winning week in the last four
January 27
January 27
Visa, L3Harris rise; Intel, Eastman Chemical fall
Stocks that traded heavily or had substantial price changes Friday: Visa, L3Harris rise; Intel, Eastman Chemical fall
January 27
January 27
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for March delivery fell $1.33 to $79.68 a barrel Friday
January 27
January 27
Third Trader Joe's store votes to unionize
A Trader Joe’s store in Louisville, Kentucky, has voted to unionize
January 27
January 27
Lots of sound and fury on US debt, but not a crisis — yet
For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point
January 27
January 27
Filipino workers: Oil company abandoned us in Hurricane Ida
Ten Filipino men who worked for a major offshore oil industry employer under federally granted visas claim in a federal lawsuit they were treated like prisoners at a company bunkhouse and that some of them were abandoned there when Hurricane Ida struck...
January 27
January 27
Ford recalls nearly 383K SUVs to fix backup camera problem
Ford is recalling nearly 383,000 SUVs in the U.S. because the touch screens may not display a camera image when backing up
January 27
January 27
US inflation and consumer spending cooled in December
It's evidence that the Fed’s series of rate hikes are slowing the economy.
January 27
January 27
An inflation gauge closely tracked by the Federal Reserve slowed in December, and consumer spending fell
An inflation gauge closely tracked by the Federal Reserve slowed in December, and consumer spending fell
January 27
January 27
Norway's last Arctic miners struggle with coal mine's end
For more than 100 years, people came to the remote Arctic archipelago of Svalbard to work in coal mines
January 27
January 27
AmEx profits fall 9% as customers fall behind on payments
American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans
January 27
January 27
UK Treasury chief: Tax cuts must wait for inflation to fall
Britain’s Treasury chief says taming inflation is more important than cutting taxes
January 27
January 27
Germany hopes to get 'green hydrogen' from Australia by 2030
A senior German official says she hopes her country will receive hydrogen made with renewable energy from Australia by 2030
January 27
January 27
Low-cost fashion chain H&M reports 4th-quarter loss
Low-cost fashion brand H&M says its net profit for the year ending November 2022 fell 68%, while it took a hit of 864 million Swedish kronor ($84 million) in the fourth quarter
January 27
January 27
Adani mulls suing US short-seller as shares sink up to 20%
Shares in India’s Adani Group have plunged up to 20% and the company said it was considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that led investors to ...
January 27
January 27
Wall Street adds more to its big January after strong week
Stocks closed higher on Wall Street, marking the market's third winning week in the last four
January 27
January 27
5 women, immense power: Can they keep US from fiscal brink?
It’s the first time the four leaders of the two congressional spending committees are women
January 27
January 27
House GOP seeks new restrictions on use of US oil stockpile
For the second time this month, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat
January 27
January 26
US company gets $120 million boost to make 'green steel'
The manufacture of “green steel” moved a step closer Friday as Massachusetts-based Boston Metal announced a $120 million investment to help it produce steel that is far less damaging to the climate than traditional steel
January 26
January 26
South Korea extends restrictions on travelers from China
South Korea says it will continue to restrict the entry of short-term travelers from China through the end of February over concerns that the spread of COVID-19 in that country may worsen following the Lunar New Year’s holidays
January 26
January 26
Lawsuit: Vegas Strip resorts used vendor to fix hotel rates
A federal lawsuit is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019
January 26
January 26
Toymaker Hasbro laying off 1,000 to cut costs
Toymaker Hasbro is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025
January 26
January 26
FDA's advisers back plan to simplify COVID-19 vaccinations
The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot
January 26
January 26
What to know about severance pay amid high-profile layoffs
Experts describe a typical severance package and how workers should negotiate.
January 26
January 26
US sweetens pot to study siting for spent nuke fuel storage
The U.S. government is offering more money to find a solution for storing or disposing of spent nuclear fuel from the nation's commercial nuclear power plants
January 26
January 26
Visa 1Q profits rise 6%, new CEO to take over Feb. 1
Payment processing giant Visa Inc. says its profits in its latest quarter were up 6% from a year earlier, helped by the continued rise of digital payments across the globe
January 26
January 26
Jury: $1M to Oregon woman told 'I don't serve Black people'
A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station employee who told her, “I don’t serve Black people.”
January 26
January 26
How major US stock indexes fared Thursday 1/26/2023
Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared
January 26
January 26
Bed Bath & Beyond says it's in default on its loans
Bed Bath & Beyond says it’s in default on its loans and doesn’t have sufficient funds to repay what it owes
January 26
January 26
Tesla, Chevron rise; Wolfspeed, Southwest fall
Stocks that traded heavily or had substantial price changes Thursday: Tesla, Chevron rise; Wolfspeed, Southwest fall
January 26
January 26
Chipotle looks to hire 15,000 amid continuing labor shortage
Restaurants are beginning the new year with a recurring problem: labor shortages
January 26
January 26
Amid gains, railroaders seeking quality-of-life improvements
The contract imposed on railroad workers last fall didn't resolve their quality-of-life issues, but there are indications the major freight railroads might start to address some of their concerns about demanding schedules and the lack of paid sick time
January 26
January 26
Climate groups decry selection of oil chief to oversee COP28
Hundreds of climate and environmental groups from around the world released a letter Thursday that decried the nomination of an oil executive to oversee the United Nations climate negotiations at COP28
January 26
January 26
Town where kids cancer rose blasts deal over polluted site
A proposed settlement between New Jersey and the current owner of a notoriously polluted industrial site is drawing fire from residents of Toms River, where memories of children getting cancer at elevated rates are still a fresh source of pain
January 26
January 26
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for March delivery rose 86 cents to $81.01 a barrel Thursday
January 26
January 26
Colorado baker loses appeal over transgender birthday cake
The Colorado baker who won a partial U.S. Supreme Court victory after refusing to make a gay couple’s wedding cake because of his Christian faith has lost an appeal in his latest legal fight
January 26
January 26
HarperCollins, striking workers agree to federal mediation
HarperCollins Publishers and the union representing some 250 striking employees have agreed to enter into federal mediation, the first sign of a possible settlement since the work stoppage began in early November
January 26
January 26
FDA declines to regulate CBD; calls on Congress for fix
The Food and Drug Administration says there are too many unknowns about CBD products to regulate them as foods or supplements
January 26
January 26
US moves to protect Minnesota wilderness from planned mine
The Biden administration has moved to protect the pristine Boundary Waters Canoe Area Wilderness in northeastern Minnesota from future mining
January 26
January 26
Chevron’s buyback boosts stock, get rebuke from White House
Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock
January 26
January 26
Grand jury investigating Goodyear recreational vehicle tires
A federal grand jury in Los Angeles is gathering evidence in a criminal investigation of Goodyear recreational vehicle tires that the government blames for crashes that killed eight people
January 26
January 26
Intl judges reopen Philippines 'war on drugs' investigation
International Criminal Court judges have cleared the way for the court’s prosecution office to resume its investigation into the so-called war on drugs in the Philippines
January 26