United States Business News

Wall Street remains on shaky ground as indexes continue to fall into a bear market amid rising inflation.

Offshore gas fields in the Mediterranean could become one of several new energy sources for European countries as they seek independence from Russia.

The pound fell as low as $1.0373 Monday, before rallying to above $1.07 in early London trading.

The Federal Reserve may have no choice but to wage a relentless inflation fight, but countries rich and poor are feeling the pain of plunging currencies.

A trial is set to begin Oct. 17 that will decide whether the Tesla CEO must follow through with his $44 billion proposal to buy Twitter.

More electric cars will be sold in the country this year than in the rest of the world combined, as its domestic market accelerates ahead of the global competition.

Investors are waking up to the harsh reality of just how much pain the economy may have to endure as the Federal Reserve continues its fight against stubbornly high inflation.

The British pound fell to a new record low against the US dollar of $1.035 on Monday, plummeting more than 4%.

Semiconductors are in everything. Our phones, our laptops, our televisions. Even our cars. But concerns about a global recession and continued worries about supply shortages stemming from lingering pandemic-related shutdowns in Asia over the past two years are hurting top chip companies.

In August, more than 20 million families were behind on their utility bills, mainly due to soaring energy costs.

Lisa Altman used to take pride in being able to eat what she wanted without worrying much about the cost.

With the help of a consulting firm, the Providence hospital system trained staff to wring money out of patients, even those eligible for free care.

Neither Boeing nor former CEO Dennis Muilenburg admitted wrongdoing over two deadly 737 Max crashes, but they offered to settle and pay penalties.

Recession fears are slamming the oil market, with crude tumbling on Friday below $80 a barrel for the first time since January.

Since the pandemic, dress code within companies has changed, as well as the decline in revenue from men's suits.

There's a lot of buyer interest in the electric Hummer now being offered by Chevrolet. But there's limited capacity to build them, and now General Motors has stopped taking orders for the massive EV.

Americans looking to buy or rent a home have had a rough year.

JPMorgan CEO Jamie Dimon is testifying on Capitol Hill Thursday for the second straight day. This time, he'll face his longtime critic, Sen. Elizabeth Warren.

A cache of nearly 160,000 files from Russia’s powerful internet regulator provides a rare glimpse inside Vladimir V. Putin’s digital crackdown.

Investors brace for another big interest rate increase this week from the Federal Reserve. The hikes are having an effect on homebuyers.

How easily companies give up swollen profits could determine how easily the Federal Reserve can cool inflation. Dealerships offer clues.

The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point for the third consecutive time in an aggressive move to tackle white-hot inflation.

The New York State Comptroller said Tuesday that several of New York City's fiscal challenges could result in a budget gap nearing $10 billion by 2026 — potentially affecting essential services in the future.

A pair of bipartisan bills in Congress aim to lower the swipe fees, also known as interchange fees, that retailers pay every time a customer makes a purchase with their card. The effort is backed by retail giants including Walmart, Target, and Kroger, as well as convenience stores and independent grocers.

The project also illustrates how difficult it is to get lithium out of the ground and break China’s dominance in processing the metal and turning it into batteries.

For years, the climate for hedge funds was tough. Volatility was low. The price of everything was going up. It wasn't that hard to make money. In that type of environment, why think outside the box?

Women in film are still struggling to find jobs in the film industry, specifically in animation.

Welcome back to the third week of September, or as we call it around the office, the night before the night before the Fed meeting.

The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once again. But experts warn that it may be the last such upswing.

Freight railways pushed to streamline their operations and improve their profit margins. Critics say the approach left the system stretched thin.

Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line.

After a Florida man was accused of vehicular homicide, his lawyer used Clearview AI’s facial recognition software to prove his innocence. But other defense lawyers say Clearview’s offer rings hollow.

The Federal Reserve's upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%.

The price of bread and milk is up about 16% and 17% respectively, while eggs cost nearly 40% more than they did last year.

Need to find a restaurant or figure out how to do something? Young people are turning to TikTok to search for answers. Google has noticed.

Shou Zi Chew, TikTok’s chief executive, is balancing how to be an autonomous leader while juggling the demands of the app’s Chinese parent company.

During the pandemic the trucking industry struggled due to loss of drivers. Now the industry is picking back up as driver enrollment increases.

Consumer spending accounts for nearly 70% of U.S. economic activity.

Unions and management reached a tentative deal early Thursday that averts a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many goods.

This year's D23 Expo explored plans for Disney's future, many of which are remakes of classic originals.

Talks intensified Wednesday in hope of averting a freight railroad strike set for early Friday that could cripple the nation's struggling supply chain and send prices higher for goods from gasoline to food to cars.

If freight trains stop rolling, the result could be chaos for business, shortages for consumers, and fresh momentum for rising prices.

The US economy can keep running without freight trains — but not for long.

Investors are getting spooked that the Federal Reserve can't pull off aggressive interest rate hikes without significantly damaging the US economy (just look at Tuesday's selloff).

For more than a decade, Catherine Engelbrecht, a Texas mom turned election-fraud crusader, has sown doubts about ballots and voting. Her patience has paid off.

Markets steadied early Wednesday after US stocks logged their worst day since June 2020, plunging on news that inflation in August was higher than expected.

There are 60,000 workers in two unions still demanding pay and time off concessions from rail lines, with no deal on the table yet.

Ferrari has unveiled the first four-door production vehicle the legendary Italian automaker has ever produced. It has a long hood that houses a gasoline engine and a single large area behind that which holds seats for four people and space for plenty of cargo. It's also a four-wheel-drive vehicle. But, with the company's sporting and racing history, Ferrari insists it isn't anything so gauche as a "Sport Utility Vehicle."

Reed Duchscher, the manager of the YouTube megastar “Mr. Beast,” is teaming up with the investment firm TCG to bankroll businesses led by online creators.

US inflation cooled off in August for the second-straight month but remained stubbornly high, according to data from the Bureau of Labor Statistics released Tuesday.