Zombie firms are filing for bankruptcy as the Fed commits to higher rates
Businesses with rising debt and sinking sales are filing for bankruptcy, a sign of healthy creative destruction to U.S. central bankers.
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Apple announces new M3 chips and cuts the price of the entry-level MacBook Pro
Ahead of the all-important holiday shopping season, the new chips will refresh Apple's Mac lineup.
Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
Tesla short sellers have made more than $3 billion since the company's third-quarter earnings call, according to data from Ortex.
Pinterest jumps on better-than-expected third-quarter results
Pinterest topped analysts' estimates for earnings and revenue in the third quarter
GM reaches tentative deal with UAW, ending strikes at Detroit automakers after six weeks
The tentative deal is the result of contentious negotiations, which saw thousands of union members walk out of plants and onto picket lines.
Watch now: ETF Edge with BlackRock's CIO of Global Fixed Income
Biden issues U.S.' first AI executive order, requiring safety assessments, civil rights guidance, research on labor market impact
The executive order builds on voluntary commitments the White House previously secured from leading AI companies.
Treasury to borrow $776 billion in the final three months of the year
Officials attributed the lower borrowing needs to higher receipts, which were offset somewhat by greater expenses.
McDonald’s revenue climbs 14% as price hikes boost U.S. sales
McDonald's third-quarter earnings and revenue beat Wall Street's estimates.
Alphabet CEO Sundar Pichai defends Google's search deals in antitrust trial
It was the first opportunity for the government's attorneys to press Google's top executive in open court on actions to secure its search dominance.
Shipping industry could lose $10 billion a year battling climate change by 2050
Shipping is at increasing risk from tropical storms, inland flooding, sea level rise, drought and extreme heat.
Trump gag order reinstated in Jack Smith federal election case
Trump, the frontrunner for the 2024 GOP presidential nomination, claims the gag order will put him at a disadvantage in his campaign and his legal battles.
Pentagon awards $1.3 billion in contracts to Northrop Grumman and York for 100 satellites
The Pentagon's Space Development Agency announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites.
McDonald's, Chipotle to raise menu prices in California next year as fast-food wages rise to $20
McDonald's CEO Chris Kempczinski said the minimum wage hike could help the burger chain gain market share in California in the long term.
Credit scores hit an all-time high even though households are falling deeper in debt
Even with credit card debt at an all-time high, the national average credit score has never been better, according to FICO.
Some pharmacy staff from Walgreens, other chains are walking out again — here's what you need to know
The walkouts are the latest pushback against what pharmacy staff claim are harsh and unsafe working conditions that put both employees and patients at risk.
The escalating Israel-Hamas conflict raises risks of global market contagion, economist says
As the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian said Monday.
Canadian auto union reaches deal with Stellantis after brief labor strike
Unifor and Stellantis have reached a tentative agreement Monday morning, ending a brief strike that began after a deal wasn't reached by 11:59 p.m. Sunday.
UAW deal with Ford includes $8.1 billion in investments, $5,000 ratification bonuses
The 4 ½-year tentative agreement will now be rolled out to 57,000 UAW-Ford members for regional informational meetings and then voting, the union said Sunday
UAW in tentative deal to end labor strike with Stellantis but expands its strike at General Motors
The tentative deal is the result of contentious negotiations, which saw thousands of union members walk out of plants and onto picket lines.
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