Latest Business News

Trump chooses former Soros money manager Scott Bessent to be Treasury secretary

Nov. 22, 2024 19:04 PM EST

WASHINGTON (AP) — President-elect Donald Trump announced Friday that he'll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary. Bessent, 62, is the founder of hedge fund Key Square Capital Management,...

Trump says he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department

Nov. 22, 2024 19:00 PM EST
WASHINGTON (AP) — Trump says he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department.

A courtroom of relief: FBI recovers funds for victims of scammed banker

Nov. 22, 2024 18:23 PM EST

WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money. "I just can’t describe the weight lifted off of...

What do hundreds of beavers have to do with the future of movies?

Nov. 22, 2024 17:55 PM EST

NEW YORK (AP) — Hard as it may be to believe, changing the future of cinema was not on Mike Cheslik’s mind when he was making “Hundreds of Beavers.” Cheslik was in the Northwoods of Wisconsin with a crew of four, sometimes six, standing in snow and making his friend, Ryland Tews, fall down...

Charlotte airport workers voting on whether to strike during busy Thanksgiving travel week

Nov. 22, 2024 17:49 PM EST

CHARLOTTE, N.C. (AP) — Service workers at Charlotte Douglas International Airport filled out paper ballots on a busy Friday before Thanksgiving to decide whether to go on a 24-hour strike during the holidays. The vote is being taken by employees of ABM and Prospect Airport...

Hyundai, Kia recall over 208,000 electric vehicles to fix problem that can cause loss of power

Nov. 22, 2024 17:25 PM EST

DETROIT (AP) — Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash. The recalls cover more than 145,000 Hyundai and Genesis vehicles including the 2022 through 2024 Ioniq 5, the 2023...

At least 19 people are sick in Minnesota from ground beef tied to E. coli recall

Nov. 22, 2024 17:24 PM EST

At least 19 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 167,000 pounds of potentially tainted ground beef, federal health officials said. Detroit-based Wolverine Packing Co. recalled the meat this week after Minnesota state...

Stock market today: Wall Street gains ground as it notches a winning week and another Dow record

Nov. 22, 2024 16:38 PM EST

Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow...

A proposed deal on climate cash at UN summit highlights split between rich and poor nations

Nov. 22, 2024 16:28 PM EST

BAKU, Azerbaijan (AP) — A new draft of a deal on cash to curb and adapt to climate change released Friday at the United Nations climate summit pledged $250 billion annually by 2035 from wealthy countries to poorer ones. The amount pleases the countries who will be paying, but not those on the...

How major US stock indexes fared Friday, 11/22/2024

Nov. 22, 2024 16:21 PM EST

Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains....