Business News

Banks rake in big profits as both Wall Street and the US consumer stay strong

WASHINGTON (AP) — Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their...

Inflation cools more than expected in June as gas costs fall, underlying prices ease

WASHINGTON (AP) — U.S. inflation cooled last month as the cost of gas , clothes, and used cars fell,...

You just retired (or are about to). Now what?

If there’s one group likely to be experiencing the most consternation over inflation and economic uncertainty,...

US stocks rise after data shows slowing inflation, even as IBM plunges

NEW YORK (AP) — Stocks rose Tuesday after a report showed U.S. inflation was not as bad last month...

12 states challenge Paramount's takeover of Warner, say merger would 'extinguish competition'

NEW YORK (AP) — Twelve states sued to block Paramount’s takeover of Warner Bros. Discovery on Monday,...

Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity

WASHINGTON (AP) — American consumers — and the Federal Reserve — are being hit with another high-cost...

Oil prices jump following the latest fighting in the Middle East, while AI stocks sink

NEW YORK (AP) — Oil prices jumped Monday following a weekend of attacks in the Middle East , while...

Keystone Pipeline system's operator agrees to pay a $26.9M penalty over a major Kansas oil spill

TOPEKA, Kan. (AP) — A proposed legal settlement with the U.S. government would require the Keystone...

Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs

BERLIN (AP) — Volkswagen's CEO indicated in comments published Sunday that he's trying to avoid closing...

Focus turns to building stronger institutions in Africa to speed shift to renewable energy

NAIROBI, Kenya (AP) — Africa’s biggest clean energy challenge is shifting from building projects to...

America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high

The economy, inflation and how those forces could impact the lives of Americans were front and center...

Major German carmakers hit by steep China sales plunge as competition heats up

HONG KONG (AP) — Major German carmakers saw sharp quarterly sales declines in China as domestic demand...

Global oil demand is dropping, but US drivers keep buying more gas

NEW YORK (AP) — Global oil demand is set to decline this year for the first time since the height of...

SK Hynix rises nearly 13% in debut on Wall Street as demand for memory chips soars amid AI frenzy

NEW YORK (AP) — Shares of South Korean memory chipmaker SK Hynix rose 12.8% as they made their debut...

Volkswagen sales plunge as German automaker lays out plan to slash number of brands

BERLIN (AP) — Volkswagen reported weak sales numbers on Friday, a day after the giant German automaker...

EU demands Facebook and Instagram dismantle design features it calls addictive for users

The European Union accused Meta on Friday of breaching its social media law by designing Facebook and...

US stocks rise as Wall Street shows it's still hungry for AI winners

NEW YORK (AP) — U.S. stocks ticked higher Friday after Wall Street showed its appetite is still big...

A shoe factory fire that killed 28 highlights China's persisting worker safety risks

BEIJING (AP) — Authorities were investigating a blaze at a shoe factory in southeastern China’s Fujian...

Africa secures $900 million in new clean cooking commitments

NAIROBI, Kenya (AP) — African countries have secured $900 million in new financial commitments to expand...

Andreessen, Chetty among leaders of Fed's new task forces evaluating operations

WASHINGTON (AP) — Venture capitalist Marc Andreessen , economist Raj Chetty and former Bank of England...

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