President Donald Trump's relentless push for more manufacturing jobs has forced the auto industry into a delicate dance of contradictions in order to keep him happy, tell the truth, and avoid alienating...
Tesla overtook General Motors during trading Monday to become the most valuable automaker in the United States, CNBC reported. The electric car company sold about 76,000 vehicles last year, a fraction of the 10...
Friday, Apr 7, 2017 at 06:00 PM EDT
US Unemployment Dips to 4.5 Percent, But Hiring Slows
U.S. employers added just 98,000 jobs in March, the fewest in a year, though the unemployment rate fell to a nearly 10-year low of 4.5 percent.
Last month's weakness in hiring may point to sluggishness in...
Thursday, Apr 6, 2017 at 05:57 PM EDT
Mission Nearly Impossible This Spring: Finding a Home to Buy
Anyone eager to buy a home this spring probably has reasons to feel good. Job growth has been solid. Average pay is rising. And mortgage rates, even after edging up of late, are still near historic lows.
Thursday, Apr 6, 2017 at 08:03 AM EDT
Sunoco Selling Most of Its Convenience Stores to 7-Eleven
Sunoco is selling most of its convenience stores to 7-Eleven in a deal valued at $3.3 billion as it looks to focus more on its fuel supply business.
7-Eleven Inc. will get about 1,110 convenience stores, mostly...
Wednesday, Apr 5, 2017 at 09:47 PM EDT
Amazon Refunding Up to $70 Million for Kids' In-App Purchases
For any parent whose kid racked up a big bill making in-app purchases on Amazon, a refund may be on the way.
The FTC and internet retailing giant Amazon agreed Tuesday to set aside their appeals in a case...
When a freight train derailed in the Montana town of Culbertson, spilling 27,000 gallons of crude oil, investigators blamed the 2015 accident on defective or missing fasteners used to hold the tracks in...
Tuesday, Apr 4, 2017 at 04:28 PM EDT
Richmond Fed Head Lacker Resigns, Admits Improper Disclosure
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, has resigned after acknowledging improper discussions with a financial analyst.
In a statement Tuesday, Lacker said that in October 2012 he...
Tuesday, Apr 4, 2017 at 06:53 AM EDT
Verizon Creates 'Oath' as New Company to Run Yahoo, AOL
Verizon Communications will create a new company called Oath after it completes its $4.5 billion acquisition of Yahoo and melds the troubled internet company with its AOL operations.
Oath will oversee Yahoo and...