Business News

Latest Business Video

Latest Business Headlines

May 14

How major US stock indexes fared Wednesday, 5/14/2025

Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war
May 14
May 14

More than 1,000 Starbucks baristas go on strike to protest new dress code

More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday, protesting the coffee giant’s new dress code
May 14
FILE - Starbucks baristas stand on stage, March 20, 2019, during an annual shareholders meeting in Seattle. (AP Photo/Ted S. Warren, file)
May 14

Maryland loses triple-A bond rating from Moody's rating agency

Maryland has lost its triple-A bond rating from Moody’s
May 14
FILE - The Maryland State House is shown, May 11, 2023, in Annapolis, Md. (AP Photo/Brian Witte, File)
May 14

Ford recalls nearly 274K Navigator, Expedition SUVs for loss of brake function risk

Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs across the U.S. due to an issue that may cause a loss of brake function while driving, increasing crash risks
May 14
FILE - The Ford logo is seen above the entrance to the Ford Motor Company Kentucky Truck Plant, Wednesday, April 30, 2025, in Louisville, Ky. (AP Photo/Carolyn Kaster, file)
May 14

Recession warnings fade after Trump rolls back tariffs

A U.S.-China agreement allayed fears but uncertainty remains, analysts said.
May 14
The aerial photo taken on May 13, 2025, shows containers waiting to be transported at a port in Suzhou, in eastern China's Jiangsu province.
May 14

Costco, Mattress Firm offer buy now, pay later option for shoppers

Affirm CEO Max Levchin explains the interest rates and payment plans that consumers can expect from the payment network.
May 14
VIDEO: Costco, Mattress Firm offer buy now, pay later option for shoppers
May 14

A French mining company sues Niger after its director disappears and offices are raided

French uranium mining company Orano says it has sued the government of Niger after the disappearance of its director and the raiding of its local offices
May 14
FILE - The Orano logo is pictured at La Defense business district, outside Paris, on Jan. 23, 2018. (AP Photo/Michel Euler, File)
May 14

NJ Transit engineers could walk off the job Friday, leaving some 350,000 commuters in the lurch

Some 350,000 commuters who work in New Jersey and New York City could soon be scrambling for other ways to reach their destinations if New Jersey Transit engineers walk off the job early Friday
May 14
An NJ Transit train leaves the Secaucus Junction station in Secaucus, N.J., Wednesday, May 14, 2025. (AP Photo/Seth Wenig)
May 14

EPA announces rollback for some Biden-era limits on so-called forever chemicals in drinking water

The Environmental Protection Agency says it will roll back limits on several types of so-called forever chemicals in drinking water
May 14
FILE - Logan Feeney pours a water sample with forever chemicals, known as PFAS, into a container for research, April 10, 2024, at a U.S. Environmental Protection Agency lab in Cincinnati. (AP Photo/Joshua A. Bickel, File)
May 14

California governor outlines $12 billion deficit and freeze on immigrant health program access

California Gov. Gavin Newsom says the state is staring down an $12 billion budget deficit
May 14
FILE - California Gov. Gavin Newsom stands in front of a state flag during a press conference about President Donald Trump's tariffs on Wednesday, April 16, 2025, at an almond farm in Ceres, Calif. (AP Photo/Noah Berger,FIle)
May 14

Thai officials seize over 200 tons of illegally imported electronic waste from U.S.

Thai officials on Wednesday said they seized 238 tons of illegally imported electronic waste from the United States, one of the biggest lots they've found this year
May 14
A Thai official shows a sample of illegally imported electronic waste from the United States which they said they seized at Bangkok Port during a press conference in Bangkok, Thailand, Wednesday, May 14, 2025. (AP Photo/Sakchai Lalit)
May 14

American Eagle tumbles after pulling financial guidance for 2025

Shares of American Eagle Outfitters are tumbling after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and summer merchandise
May 14
FILE - The New York Stock Exchange, with a banner for American Eagle Outfitters, is shown on Tuesday, Sept. 17, 2024, in New York. (AP Photo/Peter Morgan, File)
May 14

Edmunds electric SUV test: 2025 Hyundai Ioniq 5 vs 2026 Tesla Model Y

The Tesla Model Y and Hyundai Ioniq 5 are two of the hottest-selling small electric SUVs
May 14
This photo provided by Edmunds shows the 2026 Model Y electric SUV, which was recently updated with new styling and a nicer interior. It also provides loads of cargo space and a long list of standard features. (Courtesy of Edmunds via AP)
May 14

Chinese businesses view tariff pause with caution and uncertainty

While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach
May 14
Machines loading container at a container terminal, in Shanghai, China on Wednesday, May 14, 2025. (Chinatopix Via AP)
May 14

Rights groups say migrant workers dying on Saudi job sites ahead of World Cup

Two rights organizations have accused Saudi Arabia of turning a blind eye to labor abuses of migrant workers and preventable deaths
May 14
FILE - In this May 8, 2014, file photo a man works on construction of the Kingdom Tower, a planned 252-story building, which aims to become the world's tallest skyscraper when complete, in Jiddah, Saudi Arabia.(AP Photo/Hasan Jamali, File)
May 14

A look at the leading candidates for Poland's next president

Poland holds a presidential election on Sunday as the conservative incumbent Andrzej Duda nears the end of his second and final term
May 14
FILE - Karol Nawrocki, the presidential candidate backed by the conservative Law and Justice party, outlines his program ahead of Poland's May presidential election in Szeligi near Warsaw, Poland, on Sunday, March 2, 2025. (AP Photo/Czarek Sokolowski, File)
May 14

British banker sentenced to a decade in Saudi prison, apparently over a tweet

A British Bank of America analyst has been sentenced to a decade in a Saudi Arabian prison apparently over a since-deleted social media post
May 14
This is a locator map for Saudi Arabia with its capital, Riyadh. (AP Photo)
May 14

Newark problems and recent crashes put focus on air traffic controller shortage and aging equipment

The recent chronic delays and cancellations at New Jersey’s largest airport have highlighted the shortage of air traffic controllers and the aging equipment they use, which President Donald Trump's administration wants to replace
May 14
Chris Rocheleau, acting administrator of the Federal Aviation Administration, left, and Transportation Secretary Sean Duffy, right, speak about a new air traffic control infrastructure plan, Thursday, May 8, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)
May 13

Asian shares mostly gain amid cautious relief over U.S.-China agreement

Asian shares are mostly higher as a cautious sense of relief spreads through regional markets after the U.S. and China agreed to a 90-day pause in their trade war to allow for negotiations
May 13
Specialist John McNierney, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange, Wednesday, May 14, 2025. (AP Photo/Richard Drew)
May 13

Trump's Middle East visit comes as his family deepens its business, crypto ties in the region

It’s not just the “gesture” of a $400 million luxury plane that President Donald Trump says he’s smart to accept from Qatar
May 13
President Donald Trump, center, Qatar's Emir Sheikh Tamim bin Hamad Al Thani and Kelly Ortberg, President and Chief Executive Officer, The Boeing Company, left, share a moment during a signing ceremony at the Amiri Diwan in Doha, Qatar, Wednesday, May 14, 2025. (AP Photo/Alex Brandon)
May 13

California approves State Farm's request for 17% premium increase for homeowners

State Farm can soon start raising premiums by 17% for its California home insurance customers
May 13
FILE - The devastation from the Palisades Fire is shown in an aerial view in the Pacific Palisades neighborhood of Los Angeles, Monday, Jan. 27, 2025. (AP Photo/Jae C. Hong, File)
May 13

US-China trade framework 'not really a win for anybody,' says Hudson Institute fellow

Michael Sobolik, senior fellow at the Hudson Institute, said the tariffs were negatively impacting both the U.S. and Chinese economies.
May 13
VIDEO: US-China trade framework 'not really a win for anybody,' says Hudson Institute fellow
May 13

Feds ask Musk's car company how its driverless taxis will avoid causing accidents in Texas rollout

Federal safety regulators have asked Elon Musk's car company to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national “robotaxi” launch that is key to keeping Tesla's stock price aloft
May 13
FILE - Tesla and SpaceX CEO Elon Musk walks to the stage to speak at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. (AP Photo/Alex Brandon, file)
May 13

Family of Boeing whistleblower settles lawsuit with aircraft maker over his death

The family of a former Boeing quality control manager who killed himself after lawyers questioned him about his whistleblowing has settled a lawsuit against the airplane maker
May 13
May 13

The NBA's Portland Trail Blazers are going up for sale

Paul Allen’s estate announced Tuesday that it has begun the process of selling the Portland Trail Blazers
May 13
FILE - Paul Allen, the owner of Seattle Seahawks and the Portland Trail Blazers, waits for the start of an NBA basketball game, April 18, 2012, in Portland, Ore. (AP Photo/Rick Bowmer, file)
May 13

Carbon dioxide pipeline regulations pass in testy Iowa Senate but still need governor's signature

The Iowa Senate has advanced a bill that would further complicate a massive carbon-capture pipeline project routed across several Midwestern states
May 13
Iowans in red shirts speak to reporters at the statehouse in Des Moines, Iowa, Friday, May 9, 2025 to reiterate their opposition to a massive carbon-capture pipeline project routed across several Midwest states. (AP Photo/Hannah Fingerhut)
May 13

Panthers vice chairman Doug Cifu suspended by NHL over comments on social media

The NHL has suspended Florida Panthers vice chairman and alternate governor Doug Cifu from any involvement with the team or the league, doing so in response to inappropriate posts on Cifu’s now-shuttered social media account
May 13
FILE - Douglas Cifu during a Friday, Sept. 27, 2013 press conference in Sunrise, Fla. (AP Photo/J Pat Carter, file)
May 13

ESPN announces name, price of planned streaming service

The streaming service will offer all of ESPN's linear television programming.
May 13
A detailed image of the ESPN logo is shown on a television camera prior to the start of the game between the Chicago Cubs and the Philadelphia Phillies at Wrigley Field on April 27, 2025, in Chicago.
May 13

Canadian Prime Minister Carney names a new foreign minister in a Cabinet shake-up

Canadian Prime Minister Mark Carney has announced a major Cabinet shakeup, including a new foreign minister
May 13
Canadian Prime Minister Mark Carney speaks to the media following a swearing-in ceremony at Rideau Hall in Ottawa, Ontario, Tuesday, May 13, 2025. (Christinne Muschi/The Canadian Press via AP)
May 13

European economist says Russia's economy is strained due to the Ukraine war and sanctions

A leading economist has been telling EU finance ministers that Russia’s economy is under growing strain as its invasion of Ukraine drags on
May 13
Italy's Finance Minister Giancarlo Giorgetti, left, speaks with Greek Economy Minister Kyriakos Pierrakakis during a meeting of eurogroup finance ministers at the European Council building in Brussels, Monday, May 12, 2025. (AP Photo/Virginia Mayo)
May 13

Honda Canada postpones multibillion EV investment project in Ontario

Honda Canada will postpone a $15-billion electric vehicle investment project in Canada’s most populous province, including a proposed EV battery plant and retooled vehicle assembly facility
May 13
May 13

Inflation eased after Trump's 'Liberation Day' tariffs, defying fears

Stephen Kates, a financial analyst at Bankrate, discusses the data from April’s Consumer Price Index report.
May 13
VIDEO: Inflation eased after Trump's 'Liberation Day' tariffs, defying fears
May 13

Inflation eased after Trump's 'Liberation Day' tariffs

Trump has rolled back tariffs since he announced the policy last month.
May 13
A person shops at a grocery store in Medford, Mass., April 22, 2025.
May 13

European Council president says Serbia's leader has vowed to stay on the EU path despite Russia trip

European Council President António Costa has criticized the trip by Serbia's president to Russia’s Victory Day parade last week
May 13
European Council President Antonio Costa, left, reviews an honor guard with Serbian President Aleksandar Vucic during a welcome ceremony at the Serbia Palace in Belgrade, Serbia, Tuesday, May 13, 2025. (AP Photo/Darko Vojinovic)
May 13

UnitedHealth Group CEO steps down; suspends 2025 outlook on higher-than-expected medical costs

UnitedHealth Group CEO Andrew Witty is stepping down from his post for personal reasons and the healthcare giant says it’s suspending its full-year forecast due to higher-than-expected medical costs
May 13
FILE - Andrew Witty, Chief Executive Officer of UnitedHealth Group, testifies at a Senate Finance Committee hearing examining cyber attacks on health care, and the Change Healthcare cyber attack, on May 1, 2024, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin, File)
May 13

Nissan slashes 15% of its global work force as Japan automaker sinks into losses

Nissan says it will cut about 15% of its global work force, or about 20,000 employees, by fiscal 2027
May 13
Nissan CFO Jeremie Papin attends a press conference to announce 2024 fiscal year financial results in Yokohama, Tuesday, May 13, 2025. (AP Photo/Louise Delmotte)
May 13

Japan's Honda projects plummeting profits due to Trump's tariffs

Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped
May 13
A visitor tries experiencing to maneuver UNI-ONE electric mobility devices built by Honda, dubbing the ride as "hands-free personal mobility devices," during the Expo 2025 in Osaka, western Japan, Monday, April 14, 2025. (AP Photo/Hiro Komae)
May 13

Global aviation council finds Russia responsible for downing MH17 over Ukraine in 2014

The Council of the International Civil Aviation Organization has found Russia responsible for shooting down Malaysia Airlines Flight 17 over Ukraine with the loss of 298 lives more than a decade ago
May 13
FILE - A pro-Russian rebel touches the MH17 wreckage at the crash site of Malaysia Airlines Flight 17, near the village of Hrabove, eastern Ukraine, on July 22, 2014. (AP Photo/Vadim Ghirda, File)
May 13

China presents a united front with Latin America, aiming to counter Trump's trade war

A day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate, China is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war
May 13
Chinese President Xi Jinping, front center, Brazil President Luiz Inacio Lula da Silva, third left in front, Chile President President Gabriel Boric, second left in front, Colombia President Gustavo Petro, third left in front, and other CELAC representatives attend a group photo session before the opening ceremony for the China-CELAC Forum ministerial meeting in Beijing Tuesday, May 13, 2025. (Florence Lo/Pool Photo via AP)
May 13

World trade chief says global free trade is in a crisis while on visit to Japan

The head of the global trade watchdog says global free trade is facing a “crisis” as U.S. President Donald Trump disrupts world commerce with his fast-changing tariffs and other policies
May 13
Vice minister of Finance Liao Min, left, gestures toward a journalist at a news conference at the Chinese mission to the World Trade Organization in Geneva, Switzerland, Sunday, May 11, 2025, alongside Vice Premier He Lifeng and Li Chenggang, vice minister of commerce. (AP Photo/Jamey Keaten)
May 13

Budget airline begins deportation flights for ICE with start of Arizona operations

A U.S. budget airline has begun making deportation flights out of an Arizona airport, an unusual and controversial move for a company that depends heavily on its consumer brand
May 13
Passengers walk in front of Mesa Gateway Airport, where Avelo Airlines started making deportation flights on behalf of the federal government on Monday, May 12, 2025, in Mesa, Ariz. (AP Photo/Ross D. Franklin)
May 12

World shares make modest gains as euphoria over China-US trade truce wavers

Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades
May 12
Options trader Chris Dattollo, right, works on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)
May 12

Software update keeps Newark airport radar online

Transportation Secretary Sean Duffy says a new software update prevented a third radar outage over the last two weeks at New Jersey's busy Newark airport when a telecommunications line failed again over the weekend
May 12
A display shows the status of flights at Newark Liberty International Airport in Newark, N.J., Monday, May 5, 2025. (AP Photo/Seth Wenig)
May 12

Stocks soar as US and China agree to slash tariffs

U.S. stocks soared on Monday, just hours after the U.S. and China announced an agreement to slash tariffs for 90 days as the world’s two largest economies negotiate a wider trade deal.
May 12
VIDEO: Stocks soar as US and China agree to slash tariffs
May 12

Dow closes up 1,160 points as US and China agree to slash tariffs

The U.S. temporarily cut tariffs on Chinese goods from 145% to 30%.
May 12
Specialist Michael Pistillo, left, works with traders Ryan Falvey, center, and Niall Pawa on the floor of the New York Stock Exchange, May 9, 2025.
May 12

US businesses that rely on Chinese imports express relief, anxiety over tariff pause

American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days
May 12
FILE - Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province on Thursday, April 17, 2025. (AP Photo/Ng Han Guan)
May 12

What's in the US-China trade framework?

The U.S. agreed to temporarily slash tariffs on Chinese goods from 145% to 30%.
May 12
President Donald Trump speaks during a news conference about prescription drug prices, in the Roosevelt Room of the White House, May 12, 2025, in Washington.
May 12

Pharmaceutical industry criticizes the drug pricing plan Trump says he'll sign

President Donald Trump’s plan to change the pricing model for some medications is facing fierce criticism from the pharmaceutical industry before he’s even signed an executive order he says will lower the costs of drugs
May 12
Health and Human Services Secretary Robert F. Kennedy Jr., speaks after President Donald Trump signed an executive order related to drug prices, in the Roosevelt Room of the White House in Washington, Monday, May 12, 2025, in Washington. (AP Photo/Mark Schiefelbein
May 12

Saudi Arabia’s low-cost carrier Flynas sells out all shares from initial public offering

Saudi Arabia’s low-cost carrier Flynas has sold within minutes of opening all of the $1.1 billion in shares from its initial public offering on the Riyadh stock exchange
May 12
This is a locator map for Saudi Arabia with its capital, Riyadh. (AP Photo)
May 12

House Republicans unveil Medicaid cuts that Democrats warn will leave millions without care

House Republicans have unveiled the cost-saving centerpiece of President Donald Trump’s “big, beautiful bill.”
May 12
Speaker of the House Mike Johnson, R-La., speaks during a news conference at the Capitol, Tuesday, May 6, 2025, in Washington. (AP Photo/Rod Lamkey, Jr.)