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Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Older Americans are fueling a sustained boost to the U.S. economy
April 28, 2024Walmart launches store-label food brand as it seeks to appeal to younger shoppers
Walmart is launching its biggest store-label food brand in 20 years in terms of the breadth of items
April 29, 2024
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1 hour ago
Boeing is on the verge of launching astronauts aboard new capsule, the latest entry to space travel
Boeing is finally poised to launch astronauts to the International Space Station for NASA after years of delays and stumbles
1 hour ago
4 hours ago
Harlem legend Dapper Dan continues to grow brand world wide
Dapper Dan plans a fashion renaissance after losing everything.
4 hours ago
May 04
South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops
South Sudan has removed recently imposed taxes and fees that had triggered the suspension of U.N. food airdrops
May 04
May 04
Power blackouts hit Tanzania as Cyclone Hidaya intensifies toward the country's coastline
A major blackout has hit most of Tanzania as heavy rains and strong winds from Cyclone Hidaya lashed the country following weeks of flooding in the region
May 04
May 04
Profit drops at Warren Buffett's firm but thousands still want to hear from the investing guru
Warren Buffett’s company reported a steep drop in earnings Saturday because the paper value of its investments fell, but the tens of thousands of shareholders filling an Omaha arena to hear Buffett answer questions at the annual meeting later can take ...
May 04
May 03
Lock out looms as Boeing firefighters fight for pay
The union consists of 125 members in Washington state.
May 03
May 03
Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'
The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump's media company
May 03
May 03
Safety lapses contributed to patient assaults at Oregon State Hospital, federal report says
A federal report says safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults
May 03
May 03
Boeing threatens to lock out its private firefighters in a dispute over pay
Boeing is already facing questions about quality and safety of its aircraft, and now it has a labor showdown on its hands in Seattle
May 03
May 03
MLB and Nike announce 2025 uniforms will have larger jersey lettering and custom-fit pants
Major League Baseball uniforms will have larger lettering on the back of jerseys and individual pant customization will be available to all players beginning in 2025
May 03
May 03
How major US stock indexes fared Friday, 5/3/2024
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month
May 03
May 03
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell 84 cents to $78.11 per barrel Friday
May 03
May 03
Three groups are suing New Jersey to block an offshore wind farm
Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island
May 03
May 03
Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers
The health insurer Aetna has agreed to settle a lawsuit over whether its fertility treatment coverage discriminates against LGBTQ+ patients
May 03
May 03
Self-exiled Chinese businessman's chief of staff pleads guilty weeks before trial
The chief of staff of a Chinese businessman sought by the government of China has pleaded guilty to conspiracy charges weeks before her boss goes to trial in New York in a fraud case
May 03
May 03
Apple, Amgen rise; Expedia, Fortinet fall, Friday, 5/3/2024
Stocks that traded heavily or had substantial price changes Friday: Apple, Amgen rise; Expedia, Fortinet fall
May 03
May 03
April jobs report misses expectations, signaling a possible slowdown
U.S. employers added 175,000 jobs in April.
May 03
May 03
Google, Justice Department make final arguments about whether search engine is a monopoly
The government and Google are making their closing arguments in a high-stakes antitrust trial to a federal judge in Washington who must now decide whether the tech giant’s search engine constitutes an illegal monopoly
May 03
May 03
Traffic snarled as workers begin removing I-95 overpass scorched in Connecticut fuel truck inferno
Workers have begun removing a bridge over a Connecticut highway that was damaged in a fiery crash involving a gasoline tanker truck
May 03
May 03
US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits
West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to China
May 03
May 03
US employers scaled back their hiring in April, adding 175,000 jobs in the face of higher borrowing rates
US employers scaled back their hiring in April, adding 175,000 jobs in the face of higher borrowing rates
May 03
May 03
The UK government acted unlawfully in approving a climate plan, a High Court judge has ruled
A U.K. High Court judge has ruled that the government acted unlawfully when it approved a plan to meet climate targets without evidence it could be delivered
May 03
May 03
Yellen says threats to democracy risk US economic growth, an indirect jab at Trump
Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy
May 03
May 03
Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request
Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal
May 03
May 03
King Charles' longtime charity celebrates new name and US expansion at New York gala
The King’s Trust has celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust
May 03
May 03
Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month
May 03
May 03
Sanctions and a hobbled economy pull the rug out from under Iran's traditional carpet weavers
The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over
May 03
May 03
A tornado hit an Oklahoma newsroom built in the 1920s. The damage isn't stopping the presses
A weekly newspaper in a rural Oklahoma community was at the center of a path of destruction
May 03
May 03
Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment
Colombia has become the latest Latin American country to announce it will break diplomatic relations with Israel over its military campaign in Gaza
May 03
May 03
As China's Xi Jinping visits Europe, Ukraine, trade and investment are likely to top the agenda
Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, which starts in France on Monday
May 03
May 02
E-waste is overflowing landfills. At one sprawling Vietnam market, workers recycle some of it
The world is producing more electronic waste than ever — 62 million metric tons in 2022
May 02
May 02
Comcast blacks out 15 regional sports networks in contract dispute with distributor
Comcast has blacked out 15 regional sports networks offered by Bally Sports, escalating a contract dispute with their distributor
May 02
May 02
US employers scaled back hiring in April. How that could let the Fed cut interest rates
The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market
May 02
May 02
Man found guilty of murder in 2020 fatal shooting of Missouri officer
A man charged with killing a St. Louis police officer in 2020 has been found guilty of murder
May 02
May 02
Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor
May 02
May 02
Global Citizen NOW urges investment in Sub-Saharan Africa and youth outreach
Global Citizen NOW says it wants 2024 conference attendees to invest long-term in the African continent's fast-growing youth population and increase outreach to young changemakers
May 02
May 02
Airbnb offering Hollywood treatment to guests
Airbnb has created a special category for guests who want to live like movie stars. The online marketplace for consumers to book short or long-term stays is offering homes inspired by movies.
May 02
May 02
Maui sues cell carriers over wildfire warning alerts that were never received during service outages
Maui County is suing major cellular carriers for failing to properly inform police of widespread service outages during the height of last summer’s deadly wildfire
May 02
May 02
Turkey halts all trade with Israel over military actions in Gaza
Turkey has announced that it is suspending all imports and exports to Israel over its ongoing military action in Gaza
May 02
May 02
Sony Pictures and private equity firm interested in buying Paramount for $26 billion, AP source says
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion
May 02
May 02
Apple's quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outset
May 02
May 02
The Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy
May 02
May 02
Kentucky governor predicts trip to Germany and Switzerland will reap more business investments
Gov. Andy Beshear is predicting that his recent economic development trip to Germany and Switzerland will reap more business investments in Kentucky
May 02
May 02
How major US stock indexes fared Thursday, 5/2/2024
U.S. stocks closed higher and trimmed their losses for the week
May 02
May 02
Interest rates could be high for much longer. Here's what it means for you
The Fed held interest rates steady at a meeting this week.
May 02
May 02
Russian state media is posting more on TikTok ahead of the U.S. presidential election, study says
A study by the nonprofit Brookings Institution says Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the U.S. presidential election
May 02
May 02
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell 5 cents to $78.95 per barrel Thursday
May 02
May 02
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers
May 02
May 02
Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board
Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors
May 02
May 02
Qualcomm, Carvana rise; DoorDash, Qorvo fall, Thursday, 5/2/2024
Stocks that traded heavily or had substantial price changes on Thursday: Qualcomm, Carvana rise; DoorDash, Qorvo fall
May 02