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