Amazon shuts online store fabric.com in cost-cutting move
By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon is shutting down a subsidiary that’s been selling fabrics for nearly 30 years. The…
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As prices soar, consumers turn to McDonald’s
CNN By Danielle Wiener-Bronner, CNN Business Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers…
Continue Reading CSX 3Q profit up 15% as railroad hauls 2% more freight
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — CSX has delivered 15% more profit in the third quarter. The railroad handled 2% more freight and…
Continue Reading Snap stock falls nearly 25% after revenue hit by shrinking advertiser budgets
By Catherine Thorbecke, CNN Business Snap’s bad year continues. Snap on Thursday reported revenue of $1.13 billion for the three months ending…
Continue Reading Snap stock falls nearly 25% after revenue hit by shrinking advertiser budgets
CNN, CNN BUSINESS By Catherine Thorbecke, CNN Business Snap’s bad year continues. Snap on Thursday reported revenue of $1.13 billion for the…
Continue Reading Tesla, Union Pacific fall; AT&T, Quest Diagnostics rise
Stocks that traded heavily or had substantial price changes Thursday: Tesla, Union Pacific fall; AT&T, Quest Diagnostics…
Continue Reading How major US stock indexes fared Thursday 10/20/2022
The Associated Press Stocks gave up an early gain and closed lower on Wall Street as markets continue an unsteady search for direction. Several…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for November delivery rose 43 cents to $85.98 a barrel Thursday. Brent crude for December delivery fell…
Continue Reading Steve Mnuchin testifies on behalf of Trump ally at NYC trial
By TOM HAYS Associated Press NEW YORK (AP) — Former Treasury Secretary Steven Mnuchin has testified as a defense witness at the New York City trial…
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Korean auto giant Hyundai investigating child labor in its U.S. supply chain
By Reuters Hyundai Motor Co, Korea’s top automaker, is investigating child labor violations in its U.S. supply chain and plans to “sever…
Continue Reading Elon Musk says Tesla shares are only going up. But he’s selling them anyway
By Michael Ballaban Elon Musk made another one of his predictions. On Wednesday evening’s earnings call, the Tesla CEO claimed that his…
Continue Reading Why BMW really decided to make batteries in the US
By Peter Valdes-Dapena, CNN Business BMW recently announced a $1.7 billion investment to help prepare its huge Spartanburg, South Carolina, factory…
Continue Reading High court asked to stop Arkansas law against Israel boycott
By TERRY WALLACE and ANDREW DeMILLO Associated Press LITTLE ROCK, Ark. (AP) — Free-speech advocates asked the Supreme Court on Thursday to overturn…
Continue Reading Texas sues Google over alleged ‘indiscriminate’ biometric data collection
By Brian Fung, CNN Business Texas Attorney General Ken Paxton sued Google on Thursday, alleging the tech giant had violated the state’s…
Continue Reading Florida lawmakers to address Hurricane Ian issues this year
TALLAHASSEE, Fla. (AP) — The Florida Legislature will hold a special session before the end of the year to consider providing property tax relief…
Continue Reading Dr. Oz made reputation as a surgeon, a fortune as a salesman
By BRIAN SLODYSKO and MARC LEVY Associated Press HARRISBURG, Pa. (AP) — Dr. Mehmet Oz rolled onstage inside of an inflatable orb, put on a…
Continue Reading Elon Musk didn’t want EV tax credits. Now Tesla is warming up to them
By Matt McFarland, CNN Business Tesla buyers may be able to take advantage of new federal tax credits for electric vehicles next year, the…
Continue Reading Inflation has people living paycheck to paycheck. Here’s how some banks are responding
By Alicia Wallace, CNN Business “Payday Friday” may soon be replaced by “Payday Wednesday.” This week, JPMorgan Chase,…
Continue Reading Beware of fad stocks. Truly owner, Snap and Zoom have plunged
By Paul R. La Monica, CNN Business Fads come and go in fashion. (Are skinny jeans no longer a thing?) The same is true of the stock market. Investors…
Continue Reading Railroads reject sick time demands, raising chance of strike
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — The major freight railroads appear unwilling to give track maintenance workers much more than…
Continue Reading ‘Batten down the hatches’: Bezos and fellow billionaires are issuing recession warnings
By Allison Morrow, CNN Business Even the uber-rich are on edge now about the economy. Elon Musk and Jeff Bezos, two of the wealthiest people on the…
Continue Reading Key US bond yield hits highest level since June 2008
By Paul R. La Monica, CNN Business More bad news for anyone looking to buy a home: The benchmark 10-year Treasury bond yield rose to about 4.23%…
Continue Reading France, Portugal, Spain agree on Med ‘green energy corridor’
By CIARÁN GILES Associated Press MADRID (AP) — France, Portugal and Spain say they have agreed to substitute a proposed gas pipeline connection…
Continue Reading American Airlines: Our customers aren’t buying international first class tickets. So we’re eliminating them
By Chris Isidore, CNN Business American Airlines expanded on its plan to drop first-class seats on its international flights and replace them with…
Continue Reading US home sales fall for 8th month in a row in September, the longest slump since 2007
By Anna Bahney, CNN Business Home sales in the US declined for the eighth month in a row in September as surging mortgage rates and high prices…
Continue Reading US home sales fell in September for eighth straight month
By ALEX VEIGA AP Business Writer Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic…
Continue Reading Mortgage rates rise again, creeping closer to 7%
By Anna Bahney, CNN Business Mortgage rates rose again this week, stopping just short of the 7% mark. The 30-year fixed-rate mortgage averaged 6.94%…
Continue Reading Average long-term US mortgage rates rise this week to 6.94%
By MATT OTT AP Business Reporter WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week ahead of another expected rate…
Continue Reading EU slaps sanctions on Iran drone maker, military officers
BRUSSELS (AP) — The European Union has slapped sanctions on Shahed Aviation Industries in Iran and three Iranian armed forces generals for helping…
Continue Reading Russian, Ukrainian troops gird for major battle in Kherson
By SABRA AYRES and HANNA ARHIROVA Associated Press KYIV, Ukraine (AP) — Russian and Ukrainian troops appeared Thursday to be girding for a major…
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