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National Business

Read on for top stories in national and world business news.

Updated 6 days, 9 hours ago

Cyber Monday deals lure in consumers amid high inflation

Cyber Monday is expected to remain the year's biggest online shopping day and rake in up to $11.6 billion in sal...

Updated 6 days, 9 hours ago
Biden calls on Congress to head off potential rail strike

President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month's deadline in the stalled contract talks, following p...

Updated 6 days, 9 hours ago
US stock indexes fall as lockdown protests spread in China

Stocks fell broadly on Wall Street as protests spread in China calling for President Xi Jinping to step down amid growing anger over severe restrictions impo...

Updated 6 days, 9 hours ago
Europe's inflation likely hasn't peaked, ECB's Lagarde says

The head of the European Central Bank said Monday she does not believe inflation has peaked after reaching the highest levels on record.

Updated 2 weeks, 1 day ago
Rising food costs take a bite out of Thanksgiving dinner

Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and...

Updated 2 weeks, 1 day ago
Fewer Americans file for jobless benefits last week

Applications for jobless claims for the week ending Nov. 12 fell by 4,000 to 222,000 from 226,000 the previous week, the Labor Department reported Thursday.

Updated 2 weeks, 1 day ago
Smaller food cos. get set for a high-priced holiday season

Small businesses that count on food-centric holidays like Thanksgiving and Christmas are bracing for a difficult season.

Updated 2 weeks, 1 day ago
Elizabeth Holmes gets more than 11 years for Theranos scam

The sentence imposed Friday by U.S. District Judge Edward Davila was shorter than the 15-year penalty requested by federal prosecutors.

Updated 3 weeks, 2 days ago
Norwegian battery firm plans $2.6 billion plant in Georgia

A Norwegian company will build a giant electric battery factory just southwest of Atlanta. Freyr Battery announced Friday that it would invest $2.6 billion over multiple phases, hiring 720 people.

Updated 3 weeks, 2 days ago
Crypto exchange giant FTX collapses, files for bankruptcy

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week.

Updated 3 weeks, 2 days ago
Wall Street rallies for best week since June on rate hopes

The S&P 500 rose 0.9% a day after soaring 5.5% for its best day in more than two years. The Dow Jones Industrial Average added 32 points to its surge of more than 1,200 from a day earlier, while the Nasdaq compos...

Updated 3 weeks, 2 days ago
Biden tightens methane emissions rule amid push for more oil

The American Exploration and Production Council represents the largest independent oil and gas companies in the U.S. and says it appreciates changes made by ...

Updated 3 weeks, 2 days ago
UN reports progress on Russia's grain and fertilizer exports

Top U.N. officials updated a high-level Russian delegation Friday on progress to facilitate Russia's exports of food and fertilizer to global markets which h...

Updated 3 weeks, 5 days ago
UN experts urge stringent rules to stop net zero greenwash

Released at the the U.N.'s flagship climate conference in the Egyptian seaside resort of Sharm el-Sheikh, the group of experts set out a number of strict rec...

Updated 3 weeks, 5 days ago
Adidas appoints boss of rival Puma as CEO after Ye fallout

Adidas, which followed other companies in cutting ties with Ye, is expected to take a hit of up to 250 million euros (dollars) to its net income this year fr...