Business News
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US stocks edge back from their record following the first big batch of profit reports for the summer
The first big batch of summertime profit reports from U.S. companies made waves on Wall Street after topping analysts’ expectations, but many canceled each other out
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Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs
President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised
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IMF raises its forecast for world growth this year but warns of risks from AI boom and debt
The International Monetary Fund has slightly upgraded its outlook for the world economy for this year, but it's forecasting growth at a still sluggish 3.1%
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Six Flags closes 9 rides after 1 person dies in an incident involving a roller coaster in Georgia
Six Flags has temporarily closed nine roller coasters across six amusement parks
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CVS agrees to pay $315 million to settle Justice Department case over opioid prescriptions
CVS Pharmacy Inc. and various subsidiaries have agreed to pay $315 million to resolve a Justice Department case alleging it unlawfully dispensed medically unnecessary prescriptions of highly addictive opioids
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Big banks post strong Q3 profits, but warn higher rates and inflation could bite
Wall Street’s biggest banks have reported another strong quarter as U.S. consumers continue to pay bills and businesses invest in AI
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US home sales rose in September, but slowed from a year earlier as mortgage rates, prices rose
Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers
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Formula 1 announces return to Africa with Grand Prix in Rwanda in early 2030s
Formula 1 has confirmed Rwanda will host a race from “the early 2030s” when the series returns to Africa after about 40 years
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Environmentalists picket African Energy Week, urging an end to new oil and gas exploration
Climate activists in South Africa have picketed outside the African Energy Week conference, demanding an end to new oil and gas exploration across the continent
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Trump says he cares for Americans. They think he's more focused on his wealth, an AP-NORC poll finds
A new AP-NORC poll shows that most Americans think Donald Trump is profiting off the presidency in unethical or illegal ways and is focused more on adding to his personal wealth than helping the country since returning to the White House
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