Expanded IRS free-file system one step closer in Dems’ bill
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The flagship climate change and health care bill passed by Democrats and soon to be signed by…
Continue ReadingBiz/Tech
CNN chief legal analyst Jeffrey Toobin will exit network after 20 years
By Oliver Darcy, CNN Business Jeffrey Toobin said Friday that he will depart CNN, where he served most recently as chief legal analyst, putting an…
Continue Reading
Dems push climate, health, tax bill through Congress, a landmark election-year Biden win that once seemed out of reach
The Associated PressWASHINGTON (AP) — Dems push climate, health, tax bill through Congress, a landmark election-year Biden win that once seemed out…
Continue Reading Peloton cuts jobs, raises prices in bid for profitability
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Peloton is laying off almost 800 employees and raising prices for some of its equipment…
Continue Reading Publisher of USA Today, other papers axes staff to cut costs
By The Associated Press Associated Press Newspaper publisher Gannett Co. confirmed Friday that it’s laying off some of its newsroom staff as part…
Continue Reading How major US stock indexes fared Friday 8/12/2022
The Associated Press Stocks are closing higher on Wall Street, giving the S&P 500 its first 4-week winning streak since November. The benchmark…
Continue Reading Illumina, ResMed fall; Broadridge, Humana rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Illumina, ResMed fall; Broadridge, Humana…
Continue Reading Oil shipments from Russia resume to Czechia
PRAGUE (AP) — Oil shipments from Russia through a critical pipeline to Czechia have resumed after more than a week. Czechia became the last central…
Continue Reading Rivian lost $1.7 billion in three months. Here’s why that may not be a problem
By Matt McFarland, CNN Business Rivian lost a whopping $1.7 billion in the second three months of the year, but some auto industry experts say…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for September delivery fell $2.25 to $92.09 a barrel Friday. Brent crude for October delivery fell…
Continue Reading Russian GDP drops 4% in Q2 — 1st full quarter of fighting
MOSCOW (AP) — Russia’s gross domestic product contracted 4% in the second quarter of this year, the first full quarter since Russia sent…
Continue Reading Judge revives Obama-era ban on coal sales from US lands
By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — A federal judge on Friday reinstated a moratorium on coal leasing from federal lands that…
Continue Reading Best Buy trims jobs after it cuts sales and profit outlook
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Best Buy, the nation’s largest consumer electronics chain, is trimming jobs in an…
Continue Reading Amazon’s Ring, MGM to launch show from viral doorbell videos
NEW YORK (AP) — Two Amazon-owned companies — Ring and Hollywood studio MGM — are teaming to create a TV show in the mold of “America’s…
Continue Reading Inflation Reduction Act may have little impact on inflation
By CHRISTOPHER RUGABER and JOSH BOAK Associated Press Writers WASHINGTON (AP) — With inflation raging near its highest level in four decades,…
Continue Reading California governor wants to extend nuclear plant’s life
LOS ANGELES (AP) — California Gov. Gavin Newsom is proposing to extend the life of the state’s last operating nuclear power plant by at least…
Continue Reading Consumers still don’t feel great about the economy, despite lower gas prices
Martha C. White for CNN Business Consumer sentiment in August continued to rebound from its June trough, but Americans’ feelings about the…
Continue Reading Pipeline break spills 45,000 gallons of diesel in Wyoming
By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — A pipeline carrying diesel has cracked open and spilled more than 45,000 gallons of fuel…
Continue Reading Congress OKs Dems’ climate, health bill, a Biden triumph
By ALAN FRAM Associated Press WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats’ flagship climate and health care…
Continue Reading Peloton is cutting jobs, closing stores and hiking prices
By Jordan Valinsky, CNN Business Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products. It’s part…
Continue Reading Judge denies Trump Org and former CFO’s motion to dismiss tax fraud indictment
By Kara Scannell, CNN Business A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg’s…
Continue Reading The Rhine is shrinking, endangering Europe’s top economy
By Michelle Toh and Benjamin Brown, CNN Business Germany’s Rhine river is getting too dry, snarling supply chains and creating more problems…
Continue Reading Beirut bank standoff exposes desperation of economic crisis
By BASSEM MROUE Associated Press BEIRUT (AP) — A judge has ordered a gunman who took up to 10 hostages at a Beirut bank to force the release of his…
Continue Reading Kia/Hyundai seat belt pretensioners under investigation
By The Associated Press The National Highway Traffic Safety Administration’s Office of Defects Investigation has opened an investigation into seat…
Continue Reading
Walgreens sign on bonus for pharmacists
CNN — If you’ve ever been vaccinated for COVID, there is a good chance that a pharmacist administered the injection. Pharmacists are in short supply…
Continue Reading Portugal: EU eyes Iberia-Italy pipeline to get gas to Europe
By BARRY HATTON Associated Press LISBON, Portugal (AP) — Portugal’s prime minister says European authorities are considering a liquefied natural…
Continue Reading Migrant search and rescue in third day off Greek islands
ATHENS, Greece (AP) — Greece’s coast guard says a search and rescue operation is continuing for a third day for migrants reported missing after…
Continue Reading Two years on, foundations stand by issuing bonds in pandemic
By THALIA BEATY Associated Press NEW YORK (AP) — The Ford Foundation took the unprecedented step of issuing $1 billion in debt to help stabilize…
Continue Reading J&J to end sales of baby powder with talc globally next year
Associated Press Johnson & Johnson is pulling baby powder containing talc worldwide next year after it did the same in the U.S. and Canada amid…
Continue Reading UK recession looms as households feel pain of soaring energy bills
By Anna Cooban, CNN Business Britons are bracing themselves for more tough times ahead as the economy starts to shrink and a new forecast suggests…
Continue Reading