First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower
The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending.
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How to beat back rising prices with Memorial Day deals
For consumers struggling with soaring prices, the Memorial Day weekend sales push could be a great time to stock up.
Feds say Twitter used contact info collected for security purposes to target ads
Twitter reached a $150 million settlement with the Department of Justice and Federal Trade Commission over alleged misrepresentations of data privacy practices.
French billionaire's stake in BT probed under Britain's tough new security law
The U.K. government now has the power to intervene in deals that have the potential to threaten national security.
Apple says it will raise pay for corporate and retail employees in tight labor market
Apple's move comes after Google, Amazon, and Microsoft have made changes to their compensation structures in recent weeks to pay workers more.
Nvidia stock falls on light guidance, CFO says company will slow hiring
The stock dropped in extended trading after the chipmaker gave a light forecast for the current quarter.
Fed minutes point to more rate hikes that go further than the market anticipates
The rate-setting Federal Open Market Committee on Wednesday released the minutes from its May 3-4 meeting.
CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by 2024
A report released by the Congressional Budget Office on Wednesday estimates that real gross domestic product, or GDP, will advance 3.1% in 2022.
McDonald's shareholders to vote on proxy fight with Carl Icahn over animal welfare practices
McDonald's shareholders meeting on Thursday morning will mark the climax of a proxy fight waged by activist investor Carl Icahn.
SEC unveils rules to prevent misleading claims and enhance disclosures by ESG funds
The proposals come after the SEC in March debuted rules that would require publicly traded companies to disclose how climate change risks affect their business.
Biden moves to protect major Alaska watershed from mining
The EPA's proposal could protect one of the world's largest salmon fisheries and block a plan to mine in the Alaska watershed for copper and gold.
Boeing's Starliner capsule lands, completing a crucial step toward carrying NASA astronauts
Boeing landed its uncrewed Starliner spacecraft in the New Mexico desert on Wednesday, completing a crucial test flight in preparation to carry astronauts.
Abbott baby formula plant had 'egregiously unsanitary' conditions, FDA chief says in scathing testimony to Congress
FDA chief said the the Abbott baby formula plant had bacteria growing from multiple sites, cracks in key equipment, leaks from the roof and standing water.
Amazon CEO Andy Jassy says he's focused on returning to 'healthy' level of profitability
Jassy spoke at Amazon's annual shareholder meeting on Wednesday, his first since becoming CEO in July.
Satellite-imagery firms Maxar, Planet and BlackSky awarded billions of dollars in government contracts
The National Reconnaissance Office announced contracts worth billions of dollars over the next decade to satellite-imagery companies Maxar, Planet and BlackSky.
Snowflake stock falls as executives forecast a narrower margin than expected
Snowflake maintained its full-year projections, show that it continues to expect revenue growth to slow from its days as a newly minted public company.
National Rifle Association says 'our deepest sympathies' are with families and victims of Uvalde, Texas school massacre
The NRA, which opposes gun control laws, will host its convention in Texas, days after a lone gunman killed 19 kids and two teachers at Robb Elementary School.
Trump will speak at NRA event in Houston days after Texas school massacre
Trump, Texas Gov. Greg Abbott, Sen. Ted Cruz, Gov. Kristi Noem and other GOP politicians are also set to attend the NRA's "Leadership Forum" in Houston.
Treasury yields are little changed as investors weigh Fed minutes, growth concerns
U.S. Treasury yields were calm on Wednesday, as investors remained cautious following a sell-off in stock markets in the previous session.
Schumer says Democrats want to craft gun reforms with GOP after Texas school massacre
Senate Majority Leader Chuck Schumer pledged Wednesday to renew efforts to pass stricter U.S. gun-control laws.
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