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Business News
Lava continues to flow from Iceland volcano but not at powerful level as eruption
Lava continues to spurt from a volcano in southwestern Iceland but the activity has calmed significantly from when it erupted
May 30, 2024Target sales decline to start the year, but it sees improvement
Target is reporting a decline in quarterly revenue as still-stubborn inflation cuts into shoppers’ spending
May 22, 2024'Overlooked' workers who train AI can face harsh conditions, advocates say
Millions of workers worldwide help assemble vast amounts of AI training data.
May 17, 2024
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17 minutes ago
Boeing firefighters ratify a contract with big raises, which they say will end a three-week lockout
Boeing's private force of firefighters have approved a tentative new contract, and their union says they're going back to work
17 minutes ago
2 hours ago
Shares in Trump Media slump after former president convicted in hush money trial
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, have slumped after former President Donald Trump was convicted in his hush money trial
2 hours ago
3 hours ago
How major US stock indexes fared Thursday, 5/30/2024
Most U.S. stocks rose following mixed profit reports from big companies and signals that the economy may be cooling, but the worst day for Salesforce’s stock in nearly 20 years helped drag indexes lower
3 hours ago
3 hours ago
Teen dies from accidental drowning at Orlando marine-themed park, officials say
Authorities say that a 13-year-old girl who was found unresponsive at a central Florida marine-themed park died from an accidental drowning
3 hours ago
4 hours ago
US Labor Department sues Hyundai, suppliers in Alabama over alleged child employment
The U.S. Department of Labor wants a federal judge to prevent Hyundai and two other Alabama companies from what the government contends is the illegal employment of children
4 hours ago
May 30
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery fell $1.32 to $77.91 per barrel Thursday
May 30
May 30
A pair enjoyed pricey meals and bolted when it was time to pay. Their dine and dash ended in jail
A Welsh couple who dined out on pricey meals and then bolted when the bill came is now paying the price
May 30
May 30
Reading the 'tea leaves': TV networks vamp for time during the wait for the Donald Trump verdict
The phrase “tea leaves” was heard incessantly on television news networks as they waited out a Manhattan jury's deliberations in former President Donald Trump's hush money trial
May 30
May 30
Truckers suing to block New York's congestion fee for Manhattan drivers
Truckers have added to the list of legal challenges to block New York’s first-in-the-nation congestion fee for driving into Manhattan
May 30
May 30
Tens of billions of dollars in gold flows illegally out of Africa each year, a new report says
A new report has found that billions of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world
May 30
May 30
IRS makes free tax return program permanent and is asking all states to join in 2025
The IRS will make permanent the free electronic tax return filing system that it experimented with this year
May 30
May 30
Lava continues to flow from Iceland volcano but not at powerful level as eruption
Lava continues to spurt from a volcano in southwestern Iceland but the activity has calmed significantly from when it erupted
May 30
May 30
Supreme Court gives homeowners another chance in escrow dispute with Bank of America
The Supreme Court has given homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts
May 30
May 30
Salesforce, Agilent fall; HP, Foot Locker rise, Thursday, 5/30/2024
Stocks that traded heavily or had substantial price changes on Thursday: Salesforce, Agilent fall; HP, Foot Locker rise
May 30
May 30
Mortgage rates snap three-week pullback, average rate on 30-year loan back above 7%
The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising prices
May 30
May 30
Orange juice prices hit a record high
Plus, Nissan issues a “do not drive” warning for nearly 90,000 vehicles.
May 30
May 30
Medline recalls 1.5 million adult bed rails following 2 reports of entrapment deaths
Medical supply company Medline Industries is recalling some 1.5 million portable adult bed rails across the U.S. and Canada
May 30
May 30
Amazon gets FAA approval allowing it to expand drone deliveries for online orders
Federal regulators are giving Amazon key permission that will allow it to expand its drone delivery program
May 30
May 30
NRA can sue ex-NY official it says tried to blacklist it after Parkland shooting, Supreme Court says
The Supreme Court has cleared the way for a National Rifle Association lawsuit against an ex-New York state official over claims she pressured companies to blacklist it following the 2018 Parkland, Florida, school shooting
May 30
May 30
Gift registries after divorce offer a new way to support loved ones
For people putting a life back together after divorce, mundane household objects can be painful marital reminders
May 30
May 30
Nearly 200 shuttered 99 Cents Only stores to open as Dollar Tree locations from Texas to California
Discount retailer Dollar Tree is planning to reopen some 99 Cents Only stores that have closed, rebranding them and filling them with their own products
May 30
May 30
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate
May 30
May 30
Number of Americans applying for jobless benefits inches up, but layoffs remain low
The number of Americans applying for unemployment benefits ticked up last week, but layoffs remain historically low in the face of lingering inflation and high interest rates
May 30
May 30
Qatar's offer to build 3 power plants to ease Lebanon's electricity crisis is blocked
Lebanon's caretaker economy minister says the country's rulers, fuel companies and private electricity providers have blocked an offer by gas-rich Qatar to build three renewable energy power plants to ease the crisis-hit nation’s decades-old electricit...
May 30
May 30
Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
The earnings results from Best Buy and Kohl’s, announced Thursday, offer the latest evidence of consumers’ cautious spending amid a challenging economic environment
May 30
May 30
Why some states are banning lab-grown meat even before it hits store shelves
Lab-grown meat is not currently available in any U.S. grocery stores or restaurants
May 30
May 30
Red Bull adds to soccer portfolio by buying minority stake in English club Leeds
Red Bull has bought a minority stake in English soccer club Leeds in a deal that will also see the energy drink company become the team’s shirt sponsor next season
May 30
May 30
One Tech Tip: Want to turn off Meta AI? You can't — but there are some workarounds
If you use Facebook, WhatsApp or Instagram
May 30
May 30
Takeaways from The Associated Press' reporting on seafarers who are abandoned by shipowners in ports
The United Nations over the last decade has logged an increasing number of crew members abandoned by shipowners around the world
May 30
May 30
Stuck at sea for years, a sailor's plight highlights a surge in shipowner abandonment
The United Nations over the last decade has logged an increasing number of crew members abandoned by shipowners around the world
May 30
May 30
Schumer, Democrats urge Justice Department to prosecute alleged oil industry collusion, price-fixing
Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Justice Department to prevent and prosecute alleged collusion and price-fixing in the oil industry
May 30
May 30
OpenAI's Altman sidesteps questions about governance, Johansson at UN AI summit
OpenAI CEO Sam Altman was a star speaker at the annual AI for Good conference Thursday, addressing the U.N. telecommunications agency’s annual gathering about how to tap the societal promise of artificial intelligence technology
May 30
May 30
Ship attacked by Yemen's Houthi rebels was full of grain bound for Iran, the group's main benefactor
A Greek-owned and Marshall Islands-flagged bulk carrier that came under attack by Yemen’s Houthi rebels earlier this week had a cargo of grain bound for Iran
May 30
May 30
China to impose controls on exports of some aviation and aerospace equipment
China's Commerce Ministry has announced it will restrict exports of some aviation and aerospace-related equipment and technology beginning July 1
May 30
May 30
BHP Group drops its bid for Anglo American, ending plans to create a global mining giant
BHP Group has dropped its 38.6 billion pound or $49.3 billion bid for Anglo American
May 30
May 30
Stock market today: Most of Wall Street rises, but falls for some big tech stocks drag indexes lower
Most U.S. stocks rose, but indexes nevertheless stumbled because of sharp drops for some influential technology giants
May 30
May 30
Massive international police operation takes down ransomware networks, arrests 4
Police coordinated by the European Union’s justice agency have taken down computer networks responsible for spreading ransomware via infected emails
May 30
May 30
Google to invest $2 billion in Malaysian data center and cloud hub
Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a U.S. tech giant in the Southeast Asian country
May 30
May 30
Boeing tells federal regulators how it plans to fix aircraft safety and quality problems
Boeing officials have presented a plan for improving manufacturing quality and safety to federal officials
May 30
May 29
Xi pledges more Gaza aid and talks trade at summit with Arab leaders
Chinese President Xi Jinping is calling for the establishment of an independent Palestinian state and promising more humanitarian aid for people in Gaza
May 29
May 29
Disneyland performers' vote to unionize is certified by federal labor officials
Federal labor officials have certified an election to create a union for character and parade performers at Disneyland in California
May 29
May 29
McDonald's: $18 Big Mac meal was 'exception,' news reports overstated price increases
McDonald’s is fighting back against media reports it says have exaggerated its price increases
May 29
May 29
How major US stock indexes fared Wednesday, 5/29/2024
U.S. stocks closed lower under the weight of higher yields in the bond market
May 29
May 29
Stock splits: The strange exception where a lower stock price can be better for investors
A lower stock price can actually be a boon for investors in some rare cases
May 29
May 29
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery fell 60 cents to $79.23 per barrel Wednesday
May 29
May 29
Less than 2% of philanthropic giving goes to women and girls. Can Melinda French Gates change that?
For years, less than 2% of philanthropic giving in the U.S. has gone to benefit women and girls, but that could change in part thanks to new resources that Melinda French Gates has pledged in recent weeks
May 29
May 29
Authorities arrest man allegedly running 'likely world's largest ever' cybercrime botnet
An international law enforcement team has arrested a Chinese national and disrupted a major botnet that officials said he ran for nearly a decade
May 29
May 29
Hungary's foreign minister visits Belarus despite EU sanctions, talks about expanding ties
Hungary’s top diplomat has visited Belarus for talks on expanding ties despite the European Union’s sanctions against the country
May 29
May 29
How to tell if your older vehicle has a potentially dangerous Takata air bag under recall
Despite a long string of recalls that began more than two decades ago, about 6.2 million vehicles with potentially dangerous Takata air bag inflators remain on U.S. roads today
May 29
May 29
Johns Hopkins team assessing nation's bridges after deadly Baltimore collapse
Researchers at Johns Hopkins University in Baltimore are assessing the country’s bridges after the collapse of the Francis Scott Key Bridge
May 29