Business News
Late-breaking news and the day's top stories, in clear, balanced language.
Burberry Shares Increase After Report of Potential Moncler Bid
Burberry's shares have risen following a report that Moncler may consider bidding for the company. The potential bid has sparked interest in Burberry'
Aug 4businessVestas Wind Systems Stock Drops After Margin Forecast
Vestas Wind Systems' stock price has fallen after the company announced that its margins will be at the low end of its guidance. The company's forecas
Aug 4businessCharter Communications Announces Buyout Deal for Liberty Broadband
Charter Communications has announced a buyout deal for Liberty Broadband. The terms of the deal are above its previous proposal.
Aug 4businessUS Stock Futures and Bond Yields Decline
US stock futures and bond yields have dropped following reports that Russian President Vladimir Putin has updated the country's nuclear doctrine. This
Aug 4businessAmazon Reports Record Sales Over Thanksgiving Holiday Week
Amazon had its best-ever Thanksgiving holiday week with record sales. The company also reported a record number of items sold during this period.
Aug 4businessUS Productivity Slows in Fourth Quarter
US productivity decreased in the fourth quarter, while unit labor costs increased. This shift in productivity and labor costs may have implications fo
Aug 4businessConsumer Credit Grows in December
Consumer credit showed significant growth in December. The increase was driven by various factors, including credit card debt and loans.
Aug 4businessJobless claims fall to lowest level since mid-May
Jobless claims have decreased to their lowest level since mid-May. This decrease indicates a positive trend in the labor market.
Aug 4
businessAnthropic Moves Toward IPO
Anthropic has not yet gone public, but it is moving toward an initial public offering. Investors can explore alternative ways to gain exposure to the
Aug 4
businessNerdWallet Homebuying Climate Index Reports Partly Cloudy Conditions
The NerdWallet Homebuying Climate Index has reported partly cloudy conditions for home buyers as of July. This index provides an overview of the curre
Aug 4
businessAmerican Airlines Increases Admirals Club Fees
American Airlines is raising its annual lounge membership fees. The airline is also introducing a new, cheaper option for solo travelers.
Aug 4businessCiti AAdvantage Executive Card Annual Fee Increases to $695
The Citi AAdvantage Executive Card's annual fee is rising to $695. The increase comes with additional benefits for cardholders.
Aug 4
businessNational Chocolate Chip Cookie Day Observed on August 4
August 4 is National Chocolate Chip Cookie Day. Several businesses are offering free cookies and deals to celebrate.
Aug 4
businessMoving Costs Include Box Expenses
Moving boxes can be a significant expense. Planning ahead can help reduce costs.
Aug 4businessWholesale Inventories Rise 0.1% in April
Wholesale inventories in the United States increased by 0.1% in April. This change is based on the latest data available.
Aug 4
businessMortgage Rates Expected to Rise in August
Mortgage rates are likely to increase in August due to the bond market's reaction to global events. The Federal Reserve's transparency is also a facto
Aug 4businessEuropean Stocks Open Lower
European stocks began the day with losses following a weak finish on Wall Street. Computer outages also impacted trading.
Aug 3businessAlibaba Stock Rises After Report of Vendor Fee Increase
Alibaba's stock price has increased following a report about a potential rise in vendor service fees. The company has not officially confirmed the inc
Aug 3businessArcBest Reports Lower Than Expected Profit
ArcBest's profit was lower than expected due to a soft rate environment. The company's revenue was also affected by this environment.
Aug 3businessMicrosoft to Lay Off 650 Employees in Videogame Division
Microsoft is reducing its workforce in the videogame business by 650 employees. The layoffs are part of the company's efforts to restructure its opera
Aug 3businessMoody's Reviews Boeing's Ratings for Downgrade
Moody's has placed all of Boeing's ratings on review for a potential downgrade. The move could impact Boeing's creditworthiness and borrowing costs.
Aug 3businessDirecTV to Acquire EchoStar's Video Distribution Business
DirecTV has announced plans to acquire EchoStar's video distribution business. The acquisition includes Dish TV and Sling TV.
Aug 3businessNobel Economics Prize Awarded to Three Researchers
The Nobel economics prize has been awarded to three researchers for their studies on the wealth of nations. Their work focuses on understanding econom
Aug 3businessLondon Stock Exchange Group Reports Income Growth
The London Stock Exchange Group has announced an increase in income, primarily driven by Tradeweb. This growth reflects the company's performance in r
Aug 3businessGeneral Motors Introduces New All-Electric Cadillac Vistiq
General Motors has unveiled a new all-electric Cadillac model called the Vistiq. The Vistiq has a range of 300 miles.
Aug 3
business50+Nearly 12 million bottles of Rohto eye drops recalled
The FDA has announced a recall of nearly 12 million bottles of Rohto Cooling Eye Drops due to concerns over sterility. The recall affects eight produc
Aug 1
business50+Trump Administration Reviews Obamacare Marketplace Enrollments
The Centers for Medicare & Medicaid Services is reviewing Obamacare marketplace enrollments due to possible violations. The agency claims that 35% of
Jul 30
business50+Dow Falls 1,153 Points After Fed Keeps Interest Rates Steady
The Dow Jones Industrial Average dropped 1,153.18 points on Wednesday after the Federal Reserve decided not to raise interest rates. The decline marke
Jul 29
business50+Federal Reserve Leaves Interest Rates Unchanged
The Federal Reserve has left its interest rate target unchanged at a range of 3.5% to 3.75%. The decision was made amid internal dissent, with three m
Jul 29
business50+IEEE Report Ranks Health Technologies as Most Transformative
A report by IEEE predicts health technologies will be the most transformative by 2030, driven by AI. This shift is expected to significantly impact th
Jul 29
business50+Proposal Could Reduce Social Security Shortfall by Half
A flat-rate COLA proposal could significantly reduce Social Security's 75-year fiscal shortfall. The proposal aims to address the financial challenges
Jul 25
business50+Fidelity Projects $185,500 in Medical Costs for Retirees
Fidelity Investments released its annual estimate for healthcare costs in retirement, projecting a 65-year-old couple will need $185,500. The figure r
Jul 23
business50+Survey: 26% of Americans Use Chatbots for Financial Advice
A recent NerdWallet survey found that 26% of Americans are using AI chatbots to get answers to their personal finance questions. The survey results sh
Jul 22
business50+FDA Announces Nationwide Recall of Allergy Medication
The FDA has announced a nationwide recall of certain allergy medication due to possible contamination. The contamination could cause severe allergic r
Jul 22
business50+Trump Administration Announces Tariffs on Generic Drugs
The White House has announced a new policy to impose tariffs on generic drugs. The tariffs will be implemented in phases, with drugmakers given two ye
Jul 22
business50+Jamie Dimon Expresses Caution on Stocks and Treasurys
Jamie Dimon stated he would not buy stocks or long-term Treasury bonds at their current prices. He cited concerns over geopolitical and fiscal risks b
Jul 21
business50+HHS Report: Trump's First-Term Policies Helped Lower Some Insulin Costs
A new report from the US Department of Health and Human Services found that policies implemented during President Donald Trump's first term contribute
Jul 21