Business news

Business news • Jul 02

Con Edison shuts off power to parts of Bronx neighborhood on hottest day of the year

THE BRONX, N.Y. (PIX11) — Con Edison performed emergency power shut-offs in Riverdale on the hottest day of the year so far. Ahead of the triple-digit day...

10 0 0

Business news • Jul 02

FDA’s Highest-Risk Potato Chip Recall Arrives Just in Time for the 4th of July

The Food and Drug Administration has classified its recall of Utz's Dirty and Zapp's potato chips at Class 1, the most serious classification.

9 0 0

Business news • Jul 02

Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era

A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.

6 0 0

Business news • Jul 02

Weak jobs, declining labor force, could renew Fed debate over state of labor market

WASHINGTON, July 2 (Reuters) - A weaker-than-expected jobs report could renew debate at the U.S. Federal Reserve about how to read the labor market ​at a...

8 0 0

Business news • Jul 02

California bans consumer-facing 'sell by' food labels under new law aimed at reducing waste

California's new food date-labeling law standardizes expiration wording and bans consumer-facing "sell by" labels to reduce food waste and consumer...

9 0 0

Business news • Jul 02

Jobs report gives labor market a yellow card

Hiring has remained concentrated in a handful of industries, leaving fewer opportunities for Americans looking to switch jobs or reenter the workforce.

6 0 0

Business news • Jul 02

The DEA Plans to Ban Opioid-Like Kratom Compound 7-OH

The Drug Enforcement Administration plans to temporarily ban 7-OH, a component of kratom that has opioid-like effects and is sold in gas stations and smoke...

6 0 0

Business news • Jul 02

The ‘Five Alarm’ Risks Facing the Power Grid This Summer

High temperatures, new AI data centers and drought conditions pose challenges to the electricity system.

7 0 0

Business news • Jul 02

Google loses long-running appeal of record EU fine, will have to cough up $4.7 billion

The EU went after Google for the practice of bundling its search engine and browser with Android.

6 0 0

Business news • Jul 02

U.S. adds just 57,000 jobs in June, a worrying sign as wage growth remains slow

The U.S. economy added just 57000 jobs in June, a worrying sign for labor market stability as wage growth tracks below inflation for a third consecutive...

5 0 0

Business news • Jul 02

Oil Glut Calls May Be Getting Ahead of Reality

Despite record U.S. crude output, uncertainty over Iran, Hormuz, and regional production means the market may be underestimating ongoing supply risks.

5 0 0

Business news • Jul 02

Revolution Medicines shares promising data around KRAS drug combination

Revolution Medicines' Phase 1 data on combining zoldonrasib with daraxonrasib in pancreatic cancer support a planned Phase 3 trial, as the KRAS field grows...

5 0 0

Business news • Jul 02

To Reduce Electrical Grid Strain Amid Heat Wave, Data Centers Are Ordered to Use Backup Power

As triple-digit temperatures engulf much of the United States, the Trump administration wants grid managers to require the use of backup power that often...

6 0 0

Business news • Jul 02

OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI CEO Sam Altman has reportedly proposed giving 5% of the company's equity to a U.S. sovereign wealth fund, reviving discussions about letting the...

5 0 0

Business news • Jul 02

Private Credit Can’t Stop the ‘Freak Out’

On Thursday, Blue Owl reported another quarter of significant investor withdrawal requests from some of its private credit funds.

6 0 0

Business news • Jul 02

EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar

Rivian Automotive ​raised its annual delivery forecast on Thursday, betting on strong demand ‌for its R1 models and electric delivery vans as well as its...

7 0 0

Business news • Jul 02

Is Friday, July 3, a Federal Holiday? What to Know on Banks, Mail Delivery and More

Independence Day falls on Saturday, July 4. Many businesses will observe the holiday on Friday, July 3. Find out if the USPS, banks and stock markets are...

7 0 0

Business news • Jul 02

The U.S. has accumulated a record amount of debt: the whole world may end up having to pay for it

U.S. national debt has exceeded $36 trillion and continues to grow faster than the economy. Against this backdrop, an increasing number of economists are...

6 0 0

Business news • Jul 02

Conair Recalls Over One Million Cuisinart Grill Brushes Due to Ingestion Hazard

Consumers should stop using the recalled grill brushes immediately and contact Conair for a full refund or a credit for use at Cuisinart.com for a full...

6 0 0

Business news • Jul 02

Microsoft unveils $2.5B ‘Frontier Company’ to embed AI engineers inside customers

"Microsoft Frontier Company" is a $2.5 billion initiative that will embed engineers inside customer organizations to build and run their AI systems.

6 0 0