Business News
25 articles
FAA Grounds U.S. Flights Nationwide After Communications Failure
WASHINGTON - The Federal Aviation Administration grounded all departing flights across the United States on Friday after...
China's Trade Surplus Tops $1 Trillion as AI Exports Surge
BEIJING - China's goods trade surplus exceeded $1 trillion in the first ten months of 2026, reaching the threshold a mon...
U.S. Adds 165,000 Jobs as Hiring Beats Forecasts
WASHINGTON - The United States added 165,000 jobs in October, far exceeding economists' forecasts and offering evidence ...
AI Sell-Off Erases $2 Trillion as Nasdaq Enters Correction
NEW YORK - A sell-off centered on artificial-intelligence and data-center companies erased about $2 trillion from the Na...
Paraguay Bank Collapse Puts President Peña Under Impeachment Pressure
ASUNCION, Paraguay - Opposition lawmakers in Paraguay have filed articles of impeachment against President Santiago Peña...
Anthropic Discloses $895 Billion in Compute Commitments Ahead of IPO
SAN FRANCISCO - Anthropic disclosed nearly $895.4 billion in computing and infrastructure commitments in an amended init...
U.S. Economy Grows 3.4% as AI Investment Surges, but Household Strain Persists
WASHINGTON - The U.S. economy expanded at a 3.4% annual rate in the third quarter, accelerating from 2.2% in the previou...
FAA Certifies Boeing 737 MAX 10 After Years of Safety Delays
EVERETT, Washington - The Federal Aviation Administration certified Boeing's long-delayed 737 MAX 10 on Tuesday, clearin...
U.S. Deficit Nears $2 Trillion as Debt-Service Costs Hit Record
The United States ended fiscal 2026 with a $1.992 trillion budget deficit, the largest shortfall in five years, as feder...
Hall and Woodford Win Economics Nobel for Crisis-Management Models
American economists Robert E. Hall and Michael Woodford have won the 2026 Nobel memorial prize in economics for research...
Trump Opens Door to Russian Diesel in Sharp Sanctions Reversal
WASHINGTON - President Donald Trump announced an agreement with Russian President Vladimir Putin to release millions of ...
Paramount Closes $81 Billion Warner Bros. Deal to Form Skydance
LOS ANGELES - Paramount completed its $81 billion takeover of Warner Bros. Discovery on Tuesday, bringing two of Hollywo...
World Food Prices Reach Highest Level Since 2022 as Grain and Sugar Climb
ROME - World food commodity prices climbed in September to their highest level since November 2022 as disrupted shipping...
G7 Agrees 100 Million-Barrel Emergency Release as Diesel Prices Surge
WASHINGTON - The Group of Seven leading democracies agreed Friday to coordinate the release of 100 million barrels of oi...
U.S. Growth Revised Up to 2.2% as Inflation Eases but Stays High
WASHINGTON - The U.S. economy grew at an annual rate of 2.2% from April through June, a substantial upward revision that...
Tanker Hit in Strait of Hormuz; Two Crew Injured as Attacker Remains Unknown
DUBAI - A tanker entering the Strait of Hormuz was struck by an unidentified projectile on Monday, leaving two crew memb...
Warren Buffett Steps Down as Berkshire Chairman After Six Decades
Warren Buffett has stepped down as chairman of Berkshire Hathaway, ending more than half a century at the head of the co...
Fed Raises Rates for First Time Since 2023 as Inflation Persists
WASHINGTON - The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday, its firs...
Amazon Cargo Jet Overrun Kills Five Outside Miami Airport
MIAMI - Five people were killed and five others injured after a Boeing 767 cargo jet operating for Amazon's Prime Air ne...
U.S. Inflation Cools to 3.4% as Gas Prices Fall, but Household Pressure Persists
WASHINGTON - U.S. inflation eased in July as gasoline prices declined, offering households and the Federal Reserve a mea...
Greg Abel Starts Deploying Berkshire's Cash With $4.5 Billion Buyback
Berkshire Hathaway repurchased approximately $4.5 billion of its own shares in the second quarter and stepped up equity ...
US Sets New Forced-Labor Tariffs on 60 Trading Partners
WASHINGTON — New U.S. tariffs on most imports from 60 trading partners are scheduled to take effect at 12:01 a.m. Easter...
Google Cloud Surges 82% as Alphabet Lifts Capital Spending Toward $205 Billion
Alphabet delivered one of the clearest signals yet that demand for artificial intelligence computing is translating into...
Trump Orders 50% Tariffs on Selected Canadian Goods, Reopening North American Trade Fight
WASHINGTON — President Donald Trump signed three proclamations on Monday, July 20, imposing additional 50% tariffs on a ...
Dell Sees Historic Stock Surge Amid AI Server Revenue Growth
Dell's stock experienced a significant surge, rising by 32% in a single day, marking its best performance to date. This ...