Latest Business News

Chicago Fed names ex-Obama adviser Goolsbee as next leader

Dec. 01, 2022 15:15 PM EST

WASHINGTON (AP) — Austan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced Thursday. Goolsbee, 53, an economics professor at the University of Chicago...

US stocks waver in uneven trading to open December

Dec. 01, 2022 15:07 PM EST

Stock indexes on Wall Street are mixed in uneven trading Thursday and bond yields are broadly lower after the government reported that a measure of inflation that’s closely watched by the Federal Reserve eased in October. The S&P 500 edged up 0.1% as of 3 p.m. Eastern. Gains in...

Senate moves to avert rail strike amid dire warnings

Dec. 01, 2022 15:04 PM EST

WASHINGTON (AP) — The Senate was moving quickly Thursday in an effort to avert a rail strike that the Biden administration and business leaders say would greatly damage the economy. Senate Majority Leader Chuck Schumer announced a deal to hold a series of three votes related to the...

Royals get up-close look at green innovations outside Boston

Dec. 01, 2022 15:03 PM EST

SOMERVILLE, Mass. (AP) — The Prince and Princess of Wales got a first-hand look at some groundbreaking innovations during a visit to a green technology startup incubator in suburban Boston on Thursday as the royal couple looks to foster new ways to address climate change. William...

US hits Hezbollah accountants with terrorism sanctions

Dec. 01, 2022 15:01 PM EST

WASHINGTON (AP) — The Biden administration on Thursday slapped terrorism sanctions on two accountants and two companies in Lebanon for providing the militant group Hezbollah with financial services. The Treasury Department announced it would also impose sanctions on a third person...

ACLU warns Tenn. hospital over transgender treatment policy

Dec. 01, 2022 14:52 PM EST

NASHVILLE, Tenn. (AP) — Civil rights advocates say a Memphis hospital is no longer providing gender-affirming surgeries, a move they argue is illegal and discriminatory. According to the American Civil Liberties Union of Tennessee, Memphis-based Methodist Le Bonheur Healthcare...

UEFA opens investigation into Juventus as club's woes grow

Dec. 01, 2022 14:37 PM EST

MILAN (AP) — Juventus’ off-the-field problems keep on worsening in a scandal reverberating through Italian soccer. UEFA opened an investigation into Juventus on Thursday, hours after it was revealed that the Turin prosecutor’s office had requested indictments for former...

GivingTuesday raises $3.1B for charities in tough economy

Dec. 01, 2022 14:23 PM EST

NEW YORK (AP) — GivingTuesday raised a record $3.1 billion in 24 hours for charitable causes in the U.S. earlier this week, as the event that started as a hashtag in 2012 celebrated its 10th anniversary and its status as a staple of fundraising for nonprofits, the group's leader said Wednesday. ...

Biden says climate law has 'glitches' after Macron criticism

Dec. 01, 2022 14:17 PM EST

WASHINGTON (AP) — President Joe Biden on Thursday acknowledged “glitches” in America's clean energy law that have raised concerns in Europe, but said “there’s tweaks we can make” to satisfy allies. Biden, who is honoring French President Emmanuel Macron with the first...

Tough Oregon gun law faces legal challenge, could be delayed

Dec. 01, 2022 13:52 PM EST

PORTLAND, Ore. (AP) — Midterm voters in Oregon narrowly passed one of the toughest gun control laws in the nation, buoying the hopes of gun control supporters, but the new permit-to-purchase mandate and ban on high-capacity magazines now faces a lawsuit that could put it on ice just days before...