Latest Business News
Trump is named Time's Person of the Year and rings the New York Stock Exchange's opening bell
NEW YORK (AP) — President-elect Donald Trump rang the opening bell Thursday at the New York Stock Exchange after being recognized for the second time by Time magazine as its person of the year. The honors for the businessman-turned-politician are a measure of Trump's remarkable...
Stock market today: Wall Street stalls as indexes drift near records
NEW YORK (AP) — U.S. stock indexes are drifting on Thursday following some potentially discouraging data on the economy. The S&P 500 slipped 0.2% in early trading and was on track for its third loss in the last four days. That would count as a stumble amid a big rally that’s...
Meta donates $1 million to Trump's inauguration fund
NEW YORK (AP) — Meta, the parent company of Facebook and Instagram, said it has donated $1 million to President-elect Donald Trump's inauguration fund. The donation comes just weeks after Meta CEO Mark Zuckerberg met with Trump privately at Mar-a-Lago. A Meta spokesperson confirmed...
ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
FRANKFURT, Germany (AP) — The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs. The bank’s rate-setting committee made the...
US appeals court rejects Nasdaq's diversity rules for company boards
An appeals court in Louisiana has ruled that Nasdaq can't require diversity on the boards of companies that list on the exchange. The decision comes more than three years after the Securities and Exchange Commission approved Nasdaq’s proposal to boost the number of women, racial...
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that...
US applications for jobless benefits rise to highest level in 2 months but remain relatively low
U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. Jobless claim applications climbed by 17,000 to 242,000 for the week of Dec. 7, the Labor Department reported Thursday. That’s...
New Jersey, home to many oil and gas producers, eyes fees to fight climate change
TRENTON, N.J. (AP) — It's not an accident that “The Sopranos,” the quintessential show about New Jersey, opens with its main character driving past gasoline and oil storage tanks along the New Jersey Turnpike. From the outskirts of New York to the Delaware River shoreline...
US applications for jobless benefits jump to highest level in 2 months but remain low
WASHINGTON (AP) — US applications for jobless benefits jump to highest level in 2 months but remain low.US wholesale inflation accelerated in November in sign that some price pressures remain elevated
WASHINGTON (AP) — US wholesale inflation accelerated in November in sign that some price pressures remain elevated.