Business News

What's a 'wealth tax' and how would it work?

McDonald's workers protest workplace harassment

Supply shortages strain small businesses

Rise in baguette prices poses crunch for French

Tyson: Mandate led 96% of workers to get vaccine

Gulf Arab states, hit by climate change, tout oil

Biden nominates 1st woman to lead FCC

Sweden suspends Moderna vaccine for young people

EU court tells Poland to pay $1.2M a day in judicial dispute

Why increased appetite and soaring stocks have some raising alarms
One overvaluation indicator is higher than it was on Black Tuesday.
October 09, 2021

20 minutes ago

Concert halls, dining rooms open doors; Coke sales rebound

Coca-Cola Co. is getting its fizz back

20 minutes ago

25 minutes ago

Mine's a light beer: UK to overhaul alcohol taxes

Taxes on alcoholic drinks in the U.K. are being radically simplified in the biggest overhaul in more than 140 years

25 minutes ago

Britain's Chancellor of the Exchequer Rishi Sunak holds the traditional ministerial red dispatch box as he leaves for the House of Commons to deliver the Budget in London, Wednesday, Oct. 27, 2021. (AP Photo/Alastair Grant)

27 minutes ago

Spain presses Algeria to guarantee natural gas supply

Spain has sent another member of its government to Algeria to seek guarantees that its supply of natural gas won't be impacted when Algeria closes its pipeline through Morocco on Sunday

27 minutes ago

FILE - In this Friday, June 8, 2018 file photo, Spain's then Energy and Environment Minister Teresa Ribera poses for the media at the Moncloa palace in Madrid. Spain has sent another member of its government to Algeria to seek guarantees that its supply of natural gas won't be impacted when Algeria closes its pipeline through Morocco on Sunday. Spanish Deputy Prime Minister Teresa Ribera said on Wednesday, Oct. 27, 2021 that she has secured a renewed pledge by Algeria that its commitments to supply natural gas will be met via a second pipeline that crosses the Mediterranean directly.(AP Photo/Francisco Seco, file)

40 minutes ago

Retail trade group: holiday sales could break new records

The National Retail Federation expects that holiday sales gain could shatter last year’s record-breaking season even as a snarled global supply chain slows the flow of goods and results in higher prices for broad range of items

40 minutes ago

FILE - In this Dec. 10, 2020 file photo, a woman carries shopping bags in New York. The National Retail Federation expects that holiday sales gain could shatter last year’s record-breaking season even as a snarled global supply chain slows the flow of goods and results in higher prices for broad range of items. The nation's largest retail trade group said Wednesday, Oct. 27, 2021 it predicts that sales for the November and December period will grow between 8.5% and 10.5% to $843.4 billion and $859 billion. (AP Photo/Mark Lennihan, File)

1 hour ago

EU investigates Nvidia's purchase of chip designer Arm

European Union regulators have opened an investigation into graphics chipmaker Nvidia’s $40 billion purchase of chip designer Arm

1 hour ago

FILE - In this Thursday, Feb. 27, 2014 file photo, people gather in the Nvidia booth at the Mobile World Congress mobile phone trade show in Barcelona, Spain. European Union regulators opened an in-depth investigation Wednesday, Oct. 27, 2021 into graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm over concerns it would limit competition, adding to global scrutiny of the deal. (AP Photo/Manu Fernandez, file)

1 hour ago

Stocks wobble on Wall Street, easing back from record highs

Stocks wobbled in midday trading on Wall Street Wednesday, a day after the S&P 500 and the Dow Jones Industrial Average set their latest record highs

1 hour ago

An electronic stock board is displayed at a conference hall in Tokyo, Wednesday, Oct. 27, 2021. Asian stock markets fell Wednesday after Australian inflation increased, highlighting global pressure for prices to rise, while investors looked ahead to U.S. economic growth data due out this week. (AP Photo/Koji Sasahara)

1 hour ago

UAW member hit, killed by car near John Deere picket line

Police say a vehicle struck and killed a United Auto Workers member as he was walking to a picket line outside a John Deere plant in Illinois

1 hour ago

America 'on fire': Facebook watched as Trump ignited hate

Internal Facebook documents reveal a country lit “on fire” in the days after controversial social media posts from then-President Donald Trump last year

1 hour ago

2 hours ago

GM 3Q profit falls 40% to $2.4B as chip shortage dings sales

High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit

2 hours ago

FILE- In this May 2, 2021, file photo, a General Motors sign hangs on the side of a Chevrolet showroom in Englewood, Colo. General Motors announced Tuesday, Oct. 26 2021, that it is planning to install up to 40,000 electric vehicle chargers, starting next year, across the U.S. and Canada as part of a new community charging program. (AP Photo/David Zalubowski, File)

2 hours ago

McDonald's sales surged 14% as virus restrictions eased

McDonald’s is reporting stronger-than-expected sales in the third quarter, boosted by larger orders and higher prices on the menu

2 hours ago

FILE - A McDonald's sign is shown in Philadelphia, Monday, April 26, 2021. McDonald’s reported stronger-than-expected sales in the third quarter, boosted by larger orders and higher prices on the menu. Revenue jumped 14% to $6.2 billion in the July-September period, the Chicago burger giant said Wednesday, Oct. 27, 2021. That beat Wall Street’s forecast of $6 billion, according to analysts polled by FactSet. (AP Photo/Matt Rourke, File)

2 hours ago

EU court tells Poland to pay $1.2M a day in judicial dispute

The European Union's top court has fined Poland $1.2 million a day to prevent what it called “serious and irreparable harm” to the EU’s legal order and values

2 hours ago

French President Emmanuel Macron, right, and Poland's President Andrzej Duda shake hands before a working lunch at the Elysee Palace Wednesday, Oct. 27, 2021 in Paris. The European Union's top court has ordered Poland to pay 1 million euros a day ($1.2 billion) over the country's longstanding dispute with the bloc over judicial independence. (AP Photo/Michel Euler)

2 hours ago

Slovenia eyes possible lockdown as COVID-19 infections surge

Slovenia's health minister is warning the country could face a nightmare scenario if it does not contain its coronavirus outbreak, which is coming amid a surge in infections in low-vaccination countries in Central and Eastern Europe

2 hours ago

FILE - In this Saturday, Oct. 2, 2021 file photo, medical workers wearing protective gear wait to administer the COVID-19 vaccine, at Belgrade Fair makeshift vaccination center, Serbia. Slovenia's health minister on Wednesday, Oct. 27 warned the country could face a nightmare scenario if it does not contain its coronavirus outbreak, which is coming amid a surge in infections in low-vaccination countries in Central and Eastern Europe. Serbian doctors said children and small babies are among those on ventilation, and heath authorities are considering bringing some school classes online instead of in-person. (AP Photo/Darko Vojinovic, File)

3 hours ago

Judge rejects challenge to Southwest's vaccine mandate

A federal judge says Southwest Airlines is within its rights to require employees to get vaccinated against COVID-19

3 hours ago

Boeing posts $109 million Q3 loss amid jet production issues

Boeing is reporting a loss of $109 million for the third quarter as it struggles to resume deliveries of the 787, a large plane that is popular on international airline routes

3 hours ago

4 hours ago

EXPLAINER: What's a 'wealth tax' and how would it work?

To help pay for his big economic, Biden is looking to go where the big money.

4 hours ago

President Joe Biden delivers remarks at NJ Transit Meadowlands Maintenance Complex to promote his "Build Back Better" agenda, Monday, Oct. 25, 2021, in Kearny, N.J. (AP Photo/Evan Vucci)

4 hours ago

Young women boycott UK nightclubs over 'spiking' concerns

Young women across the U.K. are boycotting nightclubs and pubs as university cities join in a national “girls night in” protest after increasing reports of drink spiking and students being drugged by needle injections

4 hours ago

Possible rise in baguette prices poses crunch for the French

A hike in the cost of wheat is alarming French households.

4 hours ago

Baker Hugo Hardy prepares baguettes to be sold at Bigot bakery in Versailles, west of Paris, Tuesday, Oct. 26, 2021. A worldwide increase in wheat prices after bad harvests in Russia is forcing French bakers to raise the price of that staple of life in France the baguette. Boulangeries around France have begun putting up signs warning their customers of an increase in the price of their favorite bread due to rising costs. (AP Photo/Michel Euler

4 hours ago

Greece woos investments on Chinese foreign minister's visit

China's Foreign Minister Wang Yi met with Greek officials on Wednesday during a visit to Athens, with talks touching on Chinese investment in Greece, regional geopolitics, sports and minorities

4 hours ago

Greece's Foreign Minister Nikos Dendias, left, and his Chinese counterpart Wang Yi touch elbows and wear protective face masks to curb he spread of COVID-19 prior to their meeting, in Athens, on Wednesday, Oct. 27, 2021. (AP Photo/Petros Giannakouris)

October 27

Norfolk Southern Q3 profit up 32% despite flat rail volume

Norfolk Southern’s third-quarter profit jumped 32% even though the number of shipments the railroad delivered remained relatively flat because it was able to increase prices on most categories of freight

October 27

FILE - A Norfolk Southern freight train rolls through the Northside of Pittsburgh on April 9, 2021. Norfolk Southern’s third-quarter profit jumped 32% even though the number of shipments the railroad delivered remained relatively flat because it was able to increase prices on most categories of freight. (AP Photo/Gene J. Puskar, file)

October 27

Democrats unveil billionaires' tax as Biden plan takes shape

Senate Democrats are unveiling a new billionaires’ tax proposal to help pay for President Joe Biden’s sweeping domestic policy package

October 27

Rep. Hakeem Jeffries, D-N.Y., standing with other House Democrats, talks to reporters outside the West Wing of the White House in Washington, Tuesday, Oct. 26, 2021, following a meeting with President Joe Biden to work out details of the Biden administration's domestic agenda. (AP Photo/Susan Walsh)

October 27

Italy hosts a climate-focused G20 as geopolitics shift

A Group of 20 summit scheduled for this weekend in Rome is the first in-person gathering of leaders of the world’s biggest economies since the COVID-19 pandemic started

October 27

FILE - In this Thursday, July 29, 2021 file photo, Italian Culture Minister Dario Franceschini, left, welcomes Premier Mario Draghi as he arrives for the G20 Culture ministerial meeting at the Colosseum in Rome. A Group of 20 summit scheduled for this weekend, Oct. 30-31, 2021, in Rome is the first in-person gathering of leaders of the world’s biggest economies since the COVID-19 pandemic started. Russia and China aren’t coming. Turkey nearly set off a diplomatic incident on the eve of the meeting. And the U.S., Australia and France will be at the same table for the first time since Washington pulled the rug out from under Paris’ $66 billion submarine deal Down Under. (AP Photo/Riccardo De Luca, file)

October 27

Deutsche Bank makes profit as recovery reduces bad loans

Deutsche Bank has seen its net profit increase 6%, to 329 million euros, in the third quarter despite a sharp increase in restructuring costs

October 27

Gulf Arab states, squeezed by climate change, still tout oil

The energy transition is nowhere more perplexing than the Arabian Peninsula.

October 27

FILE - In this Jan. 18, 2016 file photo, an oil pump works at sunset, in the desert oil fields of Sakhir, Bahrain. The global energy transition is perhaps nowhere more perplexing than in the Arabian Peninsula. The political stability of the six Gulf states -- Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain and Oman -- is rooted in profits from fossil fuels. They are privately and publicly advocating for carbon capture technologies rather than a rapid phasing out of burning fossil fuels. (AP Photo/Hasan Jamali, File)

October 27

Defense says American charged in Ghosn pay case not involved

The defense for former Nissan executive Greg Kelly has argued there is no evidence or motives linking him to alleged under-reporting of his ex-boss Carlos Ghosn’s compensation

October 27

FILE - In this Aug. 18, 2021, file photo, former Nissan Motor Co. executive Greg Kelly speaks during an interview with The Associated Press in Tokyo. The defense for former Nissan executive Greg Kelly said Wednesday, Oct. 27, in closing arguments that no evidence or motive linked their defendant with the under-reporting of his ex-boss Carlos Ghosn’s compensation at the center of the Japanese trial.(AP Photo/Eugene Hoshiko, File)

October 27

Washington orders Chinese phone carrier out of US market

U.S. regulators are expelling a unit of China Telecom Ltd

October 27

October 26

Asian stocks fall after Australia inflation accelerates

Asian stock markets are lower after Australia reported unexpectedly strong inflation, highlighting global pressures for prices to rise

October 26

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Oct. 26, 2021. Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street. (AP Photo/Kin Cheung)

October 26

Trump could get big 'bonus' shares in new social media firm

Donald Trump’s social media company will get tens of millions of special bonus shares in a new publicly traded entity if it performs well

October 26

FILE - In this July 24, 2021, file photo, former President Donald Trump smiles as he pauses while speaking to supporters at a Turning Point Action gathering in Phoenix. Trump's social media company will be getting tens of millions in special bonus shares in a new publicly traded entity if it performs well, handing the ex-president possibly billions of dollars in paper wealth based on current stock prices, according to a prospectus filed with security regulators on Tuesday, Oct. 26, 2021. (AP Photo/Ross D. Franklin, File)

October 26

Puerto Rico debt-restructuring bill advances amid criticism

Puerto Rico’s Senate and House have approved a bill that would slash the central government's debt by half but also sparked protests and led to fiery exchanges between lawmakers and a federal control board that oversees the U.S. territory’s finances

October 26

Google ads gain fuels profit for parent company Alphabet

A rebound in digital ad spending at Google continues to lift its parent company's profit

October 26

FILE - In this Sept. 24, 2019, file photo a woman walks below a Google sign on the campus in Mountain View, Calif. Alphabet will report earnings after markets close, Tuesday, Oct. 26, 2021. (AP Photo/Jeff Chiu, File)

October 26

“Buy it when you see it.” Retailers dread holiday shortages

Smaller retailers are bracing for the all-important holiday season

October 26

Ginger Pigg moves boxes of shopping bags in the storage room of her gift boutique The Perfect Pigg in Cumming, Ga. on Thursday afternoon, Oct. 22, 2021. The bags should have been delivered in four weeks, but took 14 weeks. (AP Photo/Ben Gray)

October 26

US McDonald's workers strike to protest workplace harassment

McDonald’s workers in 12 U.S. cities have walked off the job to protest what they say is an ongoing problem of sexual harassment and violence in the company’s stores

October 26

Microsoft profit up 24% in quarter, driven by cloud growth

Growth in Microsoft’s cloud computing business helped push the company's profit up 24% in the July-September quarter

October 26

FILE - In this Nov. 10, 2016, file photo, people walk past a Microsoft office in New York. Microsoft will report earnings after markets close, Tuesday, Oct. 26, 2021. (AP Photo/Swayne B. Hall, File)

October 26

Visa's profits jump as credit, debit card spending recovers

Profits at payments giant Visa Inc. jumped in its most-recent quarter, driven by consumers and businesses getting back to spending on their credit and debit cards after the pandemic

October 26

A customer uses the contactless payment chip in their Visa card to purchase gasoline at a station in Ridgeland, Miss., Thursday, July 1, 2021. Profits at payments giant Visa Inc. jumped in its most-recent quarter, driven by consumers and businesses getting back to spending on their credit and debit cards after the pandemic, according to results announced Tuesday, Oct. 26. (AP Photo/Rogelio V. Solis)

October 26

Meatpacker Tyson: Mandate led 96% of workers to get vaccine

Meatpacking giant Tyson Foods says more than 96% of its workers have been vaccinated ahead of the company’s Nov. 1 deadline for them to do so

October 26

FILE - In this May 7, 2020 file photo, workers leave the Tyson Foods pork processing plant in Logansport, Ind. Meatpacking giant Tyson Foods says more than 96% of its workers have been vaccinated ahead of a Nov. 1 deadline for them to do so. The Springdale, Ark., based company said the number of its 120,000 workers who have been vaccinated has nearly doubled since it announced its mandate on Aug. 3. At that point, only 50% of Tyson workers had been vaccinated. (AP Photo/Michael Conroy, File)

October 26

FDA advisers review Pfizer’s COVID-19 vaccine for kids

U.S. health advisers are deliberating whether kid-size doses of Pfizer's COVID-19 vaccine are safe and effective in young children

October 26

This October 2021 photo provided by Pfizer shows kid-size doses of its COVID-19 vaccine in Puurs, Belgium. Kid-size doses of Pfizer’s COVID-19 vaccine may be getting closer as government advisers on Tuesday, Oct. 25, 2021 began deliberating whether there’s enough evidence that the shots are safe and effective for 5- to 11-year-olds. (Pfizer via AP)

October 26

Robinhood's growth in the summer slowed as trading calmed

The meteoric growth of Robinhood Markets is coming back to earth, much like its stock price

October 26

FILE - An electronic screen at Nasdaq displays Robinhood in New York's Times Square following the company's IPO, Thursday, July 29, 2021. The meteoric growth of Robinhood Markets is coming back to earth, much like its stock price. The company whose easy-to-use app has brought new generations of investors into the stock and cryptocurrency markets said Tuesday, Oct. 26, 2021 that its revenue growth slowed to 35% in the July-September quarter, down from 131% in the spring and 309% at the start of the year. (AP Photo/Mark Lennihan, File)

October 26

Facebook froze as anti-vaccine comments swarmed users

Last spring, as false claims about vaccine safety threatened to undermine the world's response to COVID-19, researchers at Facebook found they could reduce vaccine misinformation by tweaking how vaccine posts show up on users' newsfeeds

October 26

Feds: Ohio stock trader fleeced Twitter users in pump-&-dump

An Ohio trader in penny stocks has been arrested on charges alleging he repeatedly lied to over 70,000 Twitter followers to earn over $1 million illegally in what authorities are calling a new twist on an old stock manipulation game

October 26

Enforcement of indoor vaccine mandates proves uneven in US

Go out for a night on the town in some U.S. cities and you might find yourself waiting while someone at the door of the restaurant or theater closely inspects your vaccination card and checks it against your photo ID

October 26

Highway Inn restaurant hostess Ku'uipo Lorenzo, left, checks a COVID-19 test result from Martin Day, center, as his wife, Ashley Day, right, prepares to show her vaccination card on Monday, Oct. 25, 2021, in Honolulu. To comply with local mandates, the restaurant requires all indoor diners to show proof of vaccination or have a recent negative test result before being seated. (AP Photo/Caleb Jones)

October 26

Jessica Rosenworcel nominated to become 1st woman to lead FCC

Rosenworcel has been a fierce advocate of net neutrality.

October 26

In this June 24, 2020 file photo Federal Communication Commission Commissioner Jessica Rosenworcel testifies during an oversight hearing on Capitol Hill in Washington, D.C.

October 26

How major US stock indexes fared Tuesday

Stocks held on to modest gains on Wall Street Tuesday, pushing the S&P 500 and the Dow Jones Industrial Average further into record heights

October 26

Twitter posts Q3 net loss due to lawsuit settlement

Twitter posted a net loss Tuesday due mostly to a lawsuit settlement it paid, but its revenue rose sharply in the third quarter, boosted by solid ad sales around the globe

October 26

FILE - In this Sept. 18, 2019, file photo a screen shows the price of Twitter stock at the New York Stock Exchange. Twitter will report earnings after markets close, Tuesday, Oct. 26, 2021. (AP Photo/Mark Lennihan, File)

October 26

Family members identify one victim from Boise mall shooting

Family members have identified one of the victims who was shot and killed at Boise mall on Monday as Jo Acker, a security guard who they said died trying to stop the shooter

October 26