Business

2023 Ford Super Duty F-350 Limited Ford DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor. The Dearborn, Michigan-based automaker has turned its fleet business, which includes sales to commercial, government and rental customers, into an earnings powerhouse. And Ford’s

People walk through a Manhattan mall on July 05, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images Hiring in the U.S. slowed significantly last month, with information and financial sectors registering job losses. The information services sector was a notable weak spot for July, posting a job loss of

2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. DETROIT — Tadge Juechter’s first “taste” of Corvette working at General Motors was to research whether there were enough Americans who could afford a new high-performance model of the famed sports car, known as the ZR1, back in 1985. Nearly 40 years later, not only are

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Berkshire Hathaway‘s cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple. The Omaha-based conglomerate’s cash hoard jumped

Snoop Dogg attends the Artistic Gymnastics Women’s Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024. Arturo Holmes | Getty Images Sport | Getty Images Millions of viewers in the U.S. are tuning into the Summer Olympics in Paris — and many of them are

It’s a July for the record books. State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm’s head of SPDR Americas research notes it is also the second-largest monthly inflow ever. “Part of it is just the market,” Matt Bartolini told CNBC’s

Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday that starting next year, it will implement a gaming surcharge on winning bets in states

Warren Buffett in Omaha, Nebraska, on May 3, 2024. David A. Grogan Berkshire Hathaway‘s highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic product of Hungary — amid CEO Warren Buffett’s rare sale of some of his favorite stocks. The Omaha-based conglomerate is likely to say its cash

Ed Bastian, CEO of Delta Air Lines, speaks during a keynote at CES 2020 in Las Vegas on Jan. 7, 2020. Bridget Bennett | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian on Friday offered employees two free travel passes to thank staff members who were caught in massive disruptions last month sparked

Signage for the Monetary Authority of Singapore (MAS) is displayed outside the central bank’s headquarters in Singapore. Sam Kang Li | Bloomberg | Getty Images Singapore’s central bank established a task force to bolster the city-state’s stock market. The Monetary Authority of Singapore announced that the review group will evaluate measures to “improve the vibrancy”

Kohl’s plans to have 200 Babies R Us shops in its stores by the end of September. The retailer will sell a wide variety of baby gear, including strollers, car seats and cribs. Courtesy: Kohl’s WOODLAND PARK, N.J. — Kohl’s is thinking small to rev up its sales. The retailer is opening Babies R Us

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both

A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Thursday reported second-quarter earnings and revenue that topped estimates and hiked its full-year guidance, as the company’s cost cuts showed progress and sales of its breakthrough Alzheimer’s drug, Leqembi, and

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts. Central bankers made no obvious indications, though, that a reduction is imminent, choosing to maintain language that indicates ongoing concerns about economic conditions,

U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024. Andrew Harnik | Getty Images The United Auto Workers on Wednesday endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement

US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024.  Chris Kleponis | AFP | Getty Images This week’s Federal Reserve meeting is not much about the present but potentially

Starbucks glass art on a store in Tokyo. Jakub Porzycki | Nurphoto | Getty Images Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Still, the results weren’t as bad as investors feared. Shares of the company rose more than 5% in extended trading.

Illustrative image of two commemorative bitcoins seen in front of the national flag of Russia displayed on a computer screen. Artur Widak | Nurphoto | Getty Images Russian lawmakers on Tuesday approved a new law permitting the use of cryptocurrency for international payments, as the country faces ongoing financial pressure from Western sanctions. The State