Business news

Business news • May 22

Trump finally gets his Fed chair. Bond investors are already testing him.

As the Kevin Warsh era begins at the central bank, rising bond yields have greatly weakened the case for lower borrowing costs. Chair of the Federal Reserve...

3 0 0

Business news • May 22

FTC Fines Marketers Nearly $1 Million for Not Actually Listening to People’s Conversations

Conspiracy theories about advertisers secretly listening to our phones have been around for years. Now, three companies are in trouble for allegedly...

3 0 0

Business news • May 22

Angst over rising cost of living pushes US consumer sentiment to record low

WASHINGTON, May 22 (Reuters) - U.S. consumer sentiment fell to a record low in May as surging gasoline prices linked to the Iran war intensified...

3 0 0

Business news • May 22

Kevin Warsh sworn in as Fed chair as inflation worries raise the volume on possible rate hikes

President Trump is set to swear in Kevin Warsh on Friday as the next chair of the Federal Reserve during a ceremony in the East Room of the White House.

3 0 0

Business news • May 22

Hyundai to recall over 421,000 US vehicles over software brake issue, NHTSA says

Hyundai Motor is recalling 421078 ​vehicles in the U.S. over ‌a software error that may cause an unexpected application of brakes, the ​U.S. National...

3 0 0

Business news • May 22

Waymo suspends freeway driving amid safety concerns

The Alphabet company said it was also pausing service in Atlanta and San Antonio over concerns about flooded roads.

3 0 0

Business news • May 22

Kevin Warsh sworn in as Fed chair at pivotal moment for US economy

Kevin Warsh was sworn in Friday at the White House as Chairman of the Board of Governors of the Federal Reserve System, succeeding Jerome Powell in one of...

3 0 0

Business news • May 22

Egg prices are plunging due to oversupply — and producers say margins are taking a hit as costs rise

Egg prices are plunging from oversupply after avian flu shortages, but producers say persistent feed, fuel and labor costs are squeezing margins.

3 0 0

Business news • May 22

Stock Market Week Ahead: Marvell, Dell And The Fed's Inflation Gauge

The stock market is right at highs. Marvell, Dell and Costco earnings are on tap, along with the Fed's inflation gauge.

3 0 0

Business news • May 22

New College Grads Confront a Tight Job Market but Still Have an Edge

Employment prospects are even worse for anyone with just a high-school diploma or an associate degree.

3 0 0

Business news • May 22

Samsung Mobile Workers Revolt Over $4,000 Bonus While Memory Employees Pocket $400,000 Each, Vowing Court Injunction To Block The Deal

A nearly 100x difference in implied bonuses between various Samsung divisions has caused something of an all-out revolt.

3 0 0

Business news • May 22

Lockheed breaks ground on new THAAD interceptor plant

"These aren't just ideas or papers going back and forth,” Lockheed CEO Jim Taiclet said of the Pentagon's munitions ramp. “We know it's going to be good,...

3 0 0

Business news • May 22

The Trump Administration Sinks Billions into Nine Quantum Companies

IBM's spinoff “Anderon” lands them $1 billion while PsiQuantum, backed by Don Jr.'s 1789 Capital, positions itself for the future.

3 0 0

Business news • May 22

Tears in Chicago’s beer as bars serve final rounds of Schlitz to nostalgic drinkers

The Pabst Brewing Company has put the famed Midwest brand on ice, spurring a surge in last sales and sendoffs, including a Memorial Day party in West Town.

3 0 0

Business news • May 22

Burst pipe sends hundreds of gallons of crude oil into East LA streets, reaches LA River

Crews worked clean up a large oil spill in East Los Angeles that sent oil into streets, storm drains and the Los Angeles River.

3 0 0

Business news • May 22

Kevin Warsh sworn in as Fed chair as Trump seeks interest rate cuts

Despite President Donald Trump's demands for lower interest rates, markets are betting the Fed will stay on hold through most, if not all, of 2026.

3 0 0

Business news • May 22

We Combed Through a Slew of Memorial Day Sales. These 75 Summer Deals Are Actually Great.

From big-ticket bargains like mattresses and appliances to everyday essentials like clothing and skin-care, these are the best Memorial Day deals we see.

3 0 0

Business news • May 22

Drive slower, go electric, don't drive at all? The best options for saving gas

The national average for a gallon of gasoline is $4.55, according to AAA; that's a four-year high, unwelcome news for drivers as the U.S. heads into one of...

3 0 0

Business news • May 22

Bond Traders Bet Fed Under Warsh Will Hike Rates This Year

Bond traders are fully pricing in an interest-rate hike by the Federal Reserve this year, a sign of conviction in the market that Chair Kevin Warsh will...

3 0 0

Business news • May 22

High gas prices, cost of living send US consumer sentiment to all-time low

Americans just loathe this economy. A closely watched measurement of US consumer sentiment fell to a fresh, all-time low in May, according to the latest...

3 0 0