National & World Business
Want to follow the latest in national and world business news? Keep reading below for today's national world business news headlines!
Wall Street closes its best week of the year
U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The S&P 500 rose 0…
Starbucks gives new CEO huge pay package
Starbucks' incoming CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be requ…
Wall Street drifts ahead of updates on inflation, profits
The S&P 500 rose 0.1% in afternoon trading, coming off just its second losing week in the last eight.
Silicon Valley Bank collapse felt worldwide
It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world.
Small businesses to tackle long list of challenges in 2023
Small businesses face a mix of old and new challenges as 2023 begins. A looming recession, still high inflation and labor woes are a few things small businesse…
US stocks edge higher ahead of election, inflation data
Even though the Fed has said that it may soon pare back the size of its increases, it is still warning markets that it may ultimately hike rates higher than expected because of just how stubborn high inflation has …
Bitcoin drops below $20,000 as crypto selloff quickens
Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in crypt…
AP Interview: Biden says a recession is 'not inevitable'
President Joe Biden said Thursday the American people are "really, really down" after a tumultuous two years with the coronavirus pandemic, volatility in the e…
ND oil production drops below 1 million barrels a day
A new report from the North Dakota Department of Mineral Resources shows the state's oil production has dipped below 1 million barrels a day.
Musk puts Twitter buy on hold, casting doubt on $44B deal
Tesla billionaire Elon Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social media platform. He has been vocal about his desire to clean up Twitter’s problem with “…
Canceled flights continue on Alaska
SEATTLE (AP) — The CEO of Alaska Airlines says the high level of flight cancellations since April will continue through this month. The Seattle Times reports that Ben Minicucci said in a message to employees Thurs…
Powell: 'Soft' economic landing may be out of Fed's control
Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for the first time Thursday that …
How higher Fed rates stand to affect Americans' finances
WASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan.
Big US energy transmission projects inch closer to approval
The federal government has finished another environmental review of a proposed transmission line that will carry wind-generated electricity from rural New Mexi…
Amazon reports rare quarterly loss as online shopping slows
Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a hu…