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Business News

Thursday, May 2, 2019 at 05:50 PM EDT

What it's Like to Shop for a $1,000 Kentucky Derby Hat

What it's Like to Shop for a $1,000 Kentucky Derby Hat

You can’t attend the “most exciting two minutes in sports” without donning a hat. It’s been a Kentucky Derby tradition for decades. Plus, wearing a hat to the Derby is believed to bring good luck.

Thursday, May 2, 2019 at 07:15 PM EDT

Under Trump Change, Cuba Business Partners Can Now Be Sued

Under Trump Change, Cuba Business Partners Can Now Be Sued

In 1958, José Ramón López's father owned Cuba's main airport, its national airline and three small hotels. Conchita Beltrán's family had about 2,160 acres of sugar and tobacco fields. And the families of Mickael...

Thursday, May 2, 2019 at 05:08 PM EDT

Drug Firm Founder Guilty of Bribing Doctors to Push Opioid

Drug Firm Founder Guilty of Bribing Doctors to Push Opioid

A pharmaceutical company founder accused of bribing doctors across the U.S. to prescribe a highly addictive fentanyl spray was convicted Thursday in a case that exposed such marketing tactics as using a...

Thursday, May 2, 2019 at 10:24 PM EDT

Facebook Bans 'Dangerous Individuals' for Hate Speech

Facebook Bans 'Dangerous Individuals' for Hate Speech

After years of pressure to crack down on hate and bigotry, Facebook has banned Louis Farrakhan, Alex Jones and other extremists, saying they violated its ban on "dangerous individuals." The company also removed...

Thursday, May 2, 2019 at 02:48 PM EDT

Stephen Moore Withdraws From Fed Consideration, Trump Says

Stephen Moore Withdraws From Fed Consideration, Trump Says

Conservative economics pundit Stephen Moore has withdrawn his bid to be appointed to the Federal Reserve Board — within hours of boasting that he expected to be easily confirmed by the Senate — President Donald...

Thursday, May 2, 2019 at 12:16 PM EDT

Beyond Meat Goes Public as Sales of Plant-Based Meats Rise

Beyond Meat Goes Public as Sales of Plant-Based Meats Rise

The Nasdaq is adding fake meat to its diet. Beyond Meat, the purveyor of plant-based burgers and sausages, made its debut on the stock exchange Thursday. It's the first pure-play maker of vegan "meat" to go...

Wednesday, May 1, 2019 at 03:45 PM EDT

Fed Leaves Rates Alone Despite Trump Pressure

Fed Leaves Rates Alone Despite Trump Pressure

The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation...

Wednesday, May 1, 2019 at 11:44 AM EDT

Survey: US Businesses Are Hiring; 275K Jobs in April

Survey: US Businesses Are Hiring; 275K Jobs in April

U.S. companies in April added the most jobs in 9 months, a sign that hiring remains strong amid solid economic growth. Payroll processor ADP said Wednesday that businesses hired 275,000 people last month, up...

Wednesday, May 1, 2019 at 09:48 AM EDT

Instagram May Stop Showing How Many People ‘Like’ Each Post

Instagram May Stop Showing How Many People ‘Like’ Each Post

Facebook-owned Instagram is going to test hiding “like” counts this week as a way to make “a less pressurized environment” on the app, Head of Instagram Adam Mosseri announced on Tuesday. “We want people to...

Wednesday, May 1, 2019 at 12:29 PM EDT

Event for Brazilian Leader Tests Companies on LGBT Rights

Event for Brazilian Leader Tests Companies on LGBT Rights

Marriott International, among many big corporations, has gone on record in support of the LGBT community. Its CEO, Arne Sorenson, has been one of the most vocal defenders of LGBT rights in recent years as...

 

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