Business news

Business news • Jul 19

California Forever dealt huge blow as $3 billion contract goes to Texas

California Forever, a controversial project with aspirations to expand Solano County by up to 400,000 residents, was dealt a blow last week as a $3 billion...

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Business news • Jul 19

Copper theft leaves Sweet Red Peach Bakery in Pasadena without AC during SoCal extreme heat

A Pasadena bakery is struggling through the Southern California heat after thieves stole copper wire from its rooftop air conditioning unit.

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Business news • Jul 19

The market for psychedelic drugs to treat mental health conditions gets a big buy signal

Eli Lilly's acquisition of psychedelic drug maker AtaiBeckley extends Big Pharma's embrace of a stigmatized class of medications for treating mental health.

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Business news • Jul 19

Why is China protesting about the nationalisation of British Steel?

The UK move to take over British Steel fuels a brewing dispute with China amid political leadership change in London.

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Business news • Jul 19

44-year-old mall steak chain closed over 275 locations

The once-popular restaurant brand built a national footprint before a major shift in shopping habits changed its future.

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Business news • Jul 19

China firm seeks damages over state control of British Steel

The UK government took over British Steel last year to prevent the closure of the country's last primary steelmaking facility.

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Business news • Jul 19

After Only Two Years On Sale The Honda Prologue Is Dead

The last vestige of Honda's electric car efforts in the U.S. is going away — after just two years on sale, the Honda Prologue will be discontinued after the...

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Business news • Jul 19

Gas prices are rising again — and so is GOP grief in the midterms

Just when Republicans thought they'd caught a break on gas prices, the collapse of President Trump's Iran deal is derailing their best chance to change the...

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Business news • Jul 19

Netflix's growth slowdown exposes a classic shareholder trap: Chart of the Day

Netflix (NFLX) is still growing. Investors just stopped paying a tech price for it. Shares of the streaming giant sank Friday after its third quarter...

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Business news • Jul 19

American Airlines CEO lays out his vision to close a more than $3 billion profit gap

The carrier is working on improving reliability, investing in more premium seats and lounges, and considering Boeing and Airbus for a new wide-body plane...

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Business news • Jul 19

What to Expect in Markets This Week: Alphabet, Tesla and Intel Headline Big Tech Earnings Reports

Earnings reporting season will kick into high gear this week with several major technology companies releasing results,

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Business news • Jul 19

Major grocery chain beats Walmart, Aldi in price war as shoppers hunt for checkout relief

A new price comparison found Kroger had the cheapest basket of store-brand essentials among four major grocery chains, as Americans look for relief from...

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Business news • Jul 19

Baby boomers didn't save enough for retirement — now their kids are paying the price. What’s behind the crisis

The Great Wealth Transfer is reversing as struggling boomers turn to their children for help.

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Business news • Jul 19

Chinese firm seeks compensation over British Steel nationalisation

Jingye said it will take action "through legal means to the very end" after the UK government nationalised British Steel.

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Business news • Jul 19

China’s Jingye demands payout over British Steel nationalisation

China's Jingye has demanded compensation from the UK government and threatened to pursue international arbitration over the nationalisation of British Steel...

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Business news • Jul 19

US day traders flock to ‘the most dangerous product in crypto’

Trump administration has opened American markets to highly leveraged perpetual futures.

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Business news • Jul 19

A Statistical Revamp Is About to Lower Inflation, at a Critical Time

Bureau of Economic Analysis is altering how it measures several components of a price gauge watched by Fed.

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Business news • Jul 19

Woman Catches Man Stealing Gas at Royal Farms. Her Response Says It All

If you've pumped gas anywhere in the last few years, you already know it's not cheap. Most of us just grumble, swipe the card, and move on with our day.

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Business news • Jul 19

Should you take Social Security at 62? Consider these 4 factors

Americans are most likely to claim Social Security benefits at 62. But is it the "best" age? We examine 4 big reasons for claiming early.

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Business news • Jul 19

Nvidia and Apple get a cut of every baby’s $1,000 Trump Account

The federal gift is automatically invested in an S&P 500 fund, meaning about a fifth of every newborn's nest egg flows straight into four mega-cap tech...

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