Latest Business News
Many questions but few answers in congressional hearing on Maui's wildfire and electric provider
Lawmakers probing the cause of last month’s deadly Maui wildfire did not get many answers during Thursday's congressional hearing on the role the electrical grid played in the disaster. Still, the president of Hawaiian Electric — Maui's sole electricity provider — promised to...
NASCAR to return $1 million All-Star race to North Wilkesboro again in 2024
RALEIGH. N.C. (AP) — The NASCAR Cup Series All-Star Race will remain at North Wilkesboro Speedway in 2024 after this year's event — the first race for NASCAR there in 27 years — attracted a capacity crowd thrilled to return to stock car roots. State legislators joined NASCAR...
Stock market today: Wall Street rises as pressures pounding it from the bond and oil markets ease
NEW YORK (AP) — Wall Street is rising Thursday as the pressures pounding it this month from the oil and bond markets relax a bit. The S&P 500 was 0.6% higher in afternoon trading after flipping between small gains and losses a few times. The Dow Jones Industrial Average was up...
Drive a Hyundai or Kia? See if your car is one of the nearly 3.4 million under recall for fire risks
DETROIT (AP) — Nearly 3.4 million Hyundai and Kia vehicles in the U.S. are under recall due to the risk of engine compartment fires and it's important for drivers to check if their car is one of them. Both the companies and federal regulators are warning owners of the recalled...
Man wanted in killing of Baltimore tech entrepreneur Pava LaPere is arrested, police say
BALTIMORE (AP) — Police had been searching for the man arrested in the killing of a Baltimore tech entrepreneur since last week as a suspect in a separate rape and arson, officials said Thursday. Jason Billingsley, who is charged with first-degree murder in the death of 26-year-old...
Uber, Chico's rise; Micron Technology, Accenture fall, Thursday, 9/28/2023
NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Thursday: Micron Technology Inc. (MU), down $1.49 to $66.72. The chipmaker gave investors a disappointing earnings forecast. Uber Technologies Inc. (UBER), up $1.20 to...
US imposes sanctions on former Sudanese minister and 2 companies backing the paramilitary force
CAIRO (AP) — The United States imposed sanctions Thursday on a former Sudanese government minister and two companies tied to the African country's paramilitary force that is locked in monthslong fighting with the Sudanese army. The sanctions imposed by the U.S. Department of the...
The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%
LOS ANGELES (AP) — Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly unaffordable housing market. The average rate on the...
Traffic deaths declined 3.3% in the first half of the year, but Fed officials see more work ahead
Traffic fatalities dropped 3.3% in the first half of the year compared with the prior-year period, according to the National Highway Traffic Safety Administration. The agency said Thursday that an estimated 19,515 people died in motor vehicle traffic crashes in the first half of...
Once rivals, now partners: Peloton and Lululemon to collaborate on connected fitness and apparel
Peloton and athletic wear maker Lululemon have announced a five-year partnership, effectively closing the curtain on Lululemon's recently acquired connected fitness device, Mirror. The interactive fitness company steps in to become the exclusive digital fitness content provider for...
