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Business News

Friday, Aug 24, 2018 at 02:43 PM EDT

Powell Signals More Hikes Ahead If US Economy Stays Strong

Powell Signals More Hikes Ahead If US Economy Stays Strong

Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual...

Thursday, Aug 23, 2018 at 06:26 PM EDT

Govt Acts to Stop High-Tax States From Skirting $10K Cap

Govt Acts to Stop High-Tax States From Skirting $10K Cap

The Trump administration has laid down rules aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. The action over the new Republican tax law...

Thursday, Aug 23, 2018 at 11:28 PM EDT

Apple Hired Scores of Ex-Tesla Employees This Year

Apple Hired Scores of Ex-Tesla Employees This Year

Apple has attracted scores of employees away from Tesla since late 2017, including manufacturing, security and software engineers, and, more recently, supply chain experts, according to several current and...

Thursday, Aug 23, 2018 at 11:23 AM EDT

Sears Is Closing 46 More Stores — Here's Where They Are

Sears Is Closing 46 More Stores — Here's Where They Are

Sears Holdings is closing more stores. The company said this week it is shuttering 46 more stores in November. The locations are spread across the U.S. (See a full list below.) "We continue to evaluate...

Thursday, Aug 23, 2018 at 01:44 PM EDT

Kroger to Phase Out Plastic Bags at All Stores

Kroger to Phase Out Plastic Bags at All Stores

The nation's largest grocery chain has begun to phase out the use of plastic bags as more Americans grow uncomfortable with their impact on the environment. Kroger Co. will start Thursday at its QFC stores...

Wednesday, Aug 22, 2018 at 06:16 AM EDT

Facebook Uncovers New Global Misinformation Operations

Facebook Uncovers New Global Misinformation Operations

Facebook has identified and banned hundreds of accounts, groups and pages engaged in misleading political behavior, a far larger discovery than a "sophisticated" effort it reported three weeks ago with great...

Tuesday, Aug 21, 2018 at 03:10 PM EDT

Sen. Warren: Ban Lawmakers From Owning Individual Stocks

Sen. Warren: Ban Lawmakers From Owning Individual Stocks

Sen. Elizabeth Warren wants to ban members of Congress and the White House staff from owning individual stocks — and replace them with government-managed investment accounts. Those are just two of the dozens of...

Tuesday, Aug 21, 2018 at 04:26 PM EDT

S&P 500 Touches All-Time High

S&P 500 Touches All-Time High

The S&P 500 hit an all-time high on Tuesday and the benchmark tied the record for longest bull market ever as investors bet that the strengthening economy and booming corporate profits seen under President...

Monday, Aug 20, 2018 at 01:28 PM EDT

Student Loan Assistance May Become as Popular as 401(k) Plans

Student Loan Assistance May Become as Popular as 401(k) Plans

Jessica Crowley used to dwell on an unpleasant thought. When her children began college, she'd still be repaying her own student loans. But a few months ago, the company where she works announced a new...

Monday, Aug 20, 2018 at 12:51 PM EDT

PepsiCo to Buy SodaStream for $3.2 Billion

PepsiCo to Buy SodaStream for $3.2 Billion

Beverage and snack giant PepsiCo announced plans Monday to acquire at-home carbonated drink maker SodaStream for $3.2 billion. Purchase, New York-based PepsiCo agreed to pay $144 per share in cash for...

 

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