National & World Business
Stay current with national and world business news. Highlighting major market trends, corporate developments, and economic shifts shaping industries across the U.S.
Oil prices keep swinging up and down, and so do stocks worldwide
Oil prices swung after a scare overnight where prices popped and then moderated, and the yo-yo moves kept stock ma…
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…
U.S. economy shrinks, threats loom, but growth likely to last
The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return…
California utility to pay $55 million for massive wildfires
California utility to pay $55 million for massive wildfires
Once a retail giant, Kmart nears extinction after closure
Once a retail giant, Kmart nears extinction after closure
Tesla CEO Elon Musk won’t join Twitter’s board after all
Tesla CEO Elon Musk won’t join Twitter’s board after all
Russia’s war to shrink Ukraine economy 45%, World Bank says
Russia’s war to shrink Ukraine economy 45%, World Bank says
Suddenly, Twitter’s biggest stakeholder is Tesla’s Elon Musk
Suddenly, Twitter’s biggest stakeholder is Tesla’s Elon Musk
Russia war could further escalate auto prices and shortages
Russia war could further escalate auto prices and shortages
JPMorgan’s Dimon warns of myriad issues for economy, bank
JPMorgan’s Dimon warns of myriad issues for economy, bank
Small businesses in need of a loan find banks are stingy
Small businesses in need of a loan find banks are stingy