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Categories Business

Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans

Author December 7, 2023

Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to hold against future risks. In

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Categories Business

Swiss bank will pay $122.9 million after helping U.S. citizens hide billions in assets

Author December 5, 2023

A private Swiss bank will pay $122.9 million in back taxes and penalties after admitting it helped clients hide assets from the

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Categories Business

Outcome of Hollywood actors’ contract vote could be close amid criticism over parts of deal

Author December 5, 2023

A new three-year labor deal between Hollywood’s actors and its film and TV studios could be made official within days, but not

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Categories Business

Alaska Airlines to buy Hawaiian Airlines in $1.9 billion deal

Author December 4, 2023

Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to

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Categories Business

Pending home sales drop to a record low, even worse than during the financial crisis

Author December 3, 2023

Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since

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Categories Business

Cut from projects, dropped by agents: How the Israel-Hamas war is dividing Hollywood

Author December 3, 2023

The entertainment industry is grappling with how to talk about the war between Israel and Hamas nearly two months after it erupted. Some

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Categories Business

Red Lobster says unlimited shrimp promotion was too popular and too cheap

Author December 2, 2023

Red Lobster’s parent company, Thai Union Group, disclosed earlier this month that the seafood chain took an unexpectedly large loss in the

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Categories Business

Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen

Author December 2, 2023

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare

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Categories Business

Walmart shifts to India from China for cheaper imports

Author December 1, 2023

Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs

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Categories Business

Poorer areas see the bulk of clean energy funds from Biden’s landmark climate law

Author December 1, 2023

President Joe Biden’s landmark climate law is driving outsized clean energy funding into low-income, less-educated and fossil fuel towns, according to a

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