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Economy

Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’

April 12, 2025

New York state’s top financial regulator struck a $40 million settlement Thursday with Block Inc., the parent of Cash App, the popular money transmission service, after having found the company had “serious compliance deficiencies” related to its anti-money laundering program and transaction monitoring processes. The deficiencies at Block, some involving cryptocurrencies, “created a high-risk environment vulnerable […]

Economy

Buffett denies rumors after Trump shares wild claim that investor backs president crashing market

April 6, 2025

Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor. Trump on Friday shared an outlandish social media video that defends his recent policy […]

Economy

Retirees ‘stunned’ as market turmoil over tariffs shrinks their 401(k)s

April 6, 2025

Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs. As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said […]

Economy

Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago

April 3, 2025

Tesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022. Here are the key numbers: Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to StreetAccount. Tesla’s investor relations […]

Economy

United Airlines adds Thailand, Vietnam and Australia flights in latest expansion

April 3, 2025

United Airlines plans to add daily flights to Vietnam and Thailand in October, further expanding the network for the U.S. carrier that already has the most Asia service. In the expansion, United is using a tactic that’s unusual in its network: Its airplanes from Los Angeles and San Francisco that are headed for Hong Kong will […]

Economy

Boeing says it’s progressing on safety reforms and working with DOJ on revised plea deal

April 3, 2025

WASHINGTON — Boeing CEO Kelly Ortberg told senators on Wednesday that he’s happy with the company’s progress improving manufacturing and safety practices following several accidents, including a near catastrophe last year. Ortberg faced questioning from the Senate Commerce Committee about how the company will ensure that it doesn’t repeat past accidents or manufacturing defects, in his first hearing since he became […]

Economy

Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair

April 3, 2025

Retailers and brands have turned to Vietnam to manufacture goods from sneakers to couches while moving some or all production out of China. For years, China’s southern neighbor became a popular alternative for companies trying to avoid the crossfire of U.S. trade tensions with Beijing. Now, as President Donald Trump expands his tariff targets, they can no longer […]

Economy

Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock

April 2, 2025

Tesla CEO Elon Musk said Sunday that his involvement in the Trump administration could be hurting the automaker’s stock price. Speaking at a town hall event in Wisconsin, Musk said his role with the so-called Department of Government Efficiency — which is pushing for widespread government job cuts — is creating backlash against his electric car […]

Economy

Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout

April 2, 2025

Restaurant chain Hooters of America filed for bankruptcy protection in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group backed by the company’s founders. Hooters, like other casual dining restaurants, has struggled in recent years due to inflation, the high costs of labor and food and declining […]

Economy

Meta’s head of AI research announces departure

April 2, 2025

Meta’s head of artificial intelligence research announced Tuesday that she will be leaving the company. Joelle Pineau, the company’s vice president of AI research, announced her departure in a LinkedIn post, saying her last day at the social media company will be May 30. Her departure comes at a challenging time for Meta. CEO Mark Zuckerberg has […]

Economy

Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic

April 1, 2025

Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic and other companies that have developed the so-called “agents.” The new model, called Nova Act, is designed to help developers build agents, or AI software that […]

Economy

AMC bets on premium screens as Hollywood slate boasts big blockbuster titles

April 1, 2025

Hollywood’s blockbuster slate is heating up, and AMC Entertainment is increasing the number of its premium screens to meet demand. The world’s largest cinema chain is adding 40 Dolby Cinema theaters to its U.S.-based AMC locations through the end of 2027. It marks a 25% increase in the number of the branded premium screens, bringing the company’s total number to more […]

Economy

Trump commutes sentence of Ozy Media founder Carlos Watson

March 30, 2025

President Donald Trump commuted the criminal sentence of Ozy Media founder Carlos Watson on Friday, just hours before Watson was due to begin serving a 116-month prison term for a multi-million-dollar scheme that included falsely claiming the start-up had deals with Google and Oprah Winfrey, a senior White House official said. Watson had expected to surrender Friday afternoon to the Federal Correctional Institution in Lompoc, California, […]

Economy

Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services

March 29, 2025

Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite. Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional research, […]

Economy

Trump signs executive order to end collective bargaining at agencies involved with national security

March 29, 2025

President Donald Trump moved Thursday to end collective bargaining with federal labor unions in agencies with national security missions across the federal government, citing authority granted him under a 1978 law. The order, signed without public fanfare and announced late Thursday, appears to touch most of the federal government. Affected agencies include the Departments of State, […]

Browse category by Economy

Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’

Buffett denies rumors after Trump shares wild claim that investor backs president crashing market

Retirees ‘stunned’ as market turmoil over tariffs shrinks their 401(k)s

Tesla reports 336,000 vehicle deliveries in first quarter, 13% drop from a year ago

United Airlines adds Thailand, Vietnam and Australia flights in latest expansion

Boeing says it’s progressing on safety reforms and working with DOJ on revised plea deal

Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle and Wayfair

Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock

Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout

Meta’s head of AI research announces departure

Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic

AMC bets on premium screens as Hollywood slate boasts big blockbuster titles

Trump commutes sentence of Ozy Media founder Carlos Watson

Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services

Trump signs executive order to end collective bargaining at agencies involved with national security

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