Business News

Latest Business Video

Latest Business Headlines

October 31

Pfizer sues to stop rival bid for drugmaker Metsera by Denmark's Novo Nordisk

Pfizer is suing over some unsolicited competition in its nearly $5 billion bid to buy the drugmaker Metsera
October 31
October 31

Super greens powder supplements sold at Sam's Club linked to salmonella outbreak

Authorities say at least 11 people have been sickened with salmonella infections linked to powder supplements sold at Sam's Club stores nationwide and online
October 31
This image provided by the U.S. Food and Drug Administration on Friday, Oct. 31, 2025, shows packaging for the Member's Mark Super Greens Powder Supplement sold at Sam's Club stores. (FDA via AP)
October 31

Shutdown is 'devastating' for food insecure, Citymeals on Wheels CEO says

Beth Shapiro is CEO of the non-profit organization that provides meals and companionship to the homebound elderly.
October 31
Shutdown is 'devastating' for food insecure, Citymeals on Wheels CEO says
October 31

Black vultures attack, kill cattle. Climate change one reason they're spreading north

Black vultures have killed and eaten several calves on Tom Karr’s cattle ranch in southeastern Ohio, a loss he says didn't happen two decades ago
October 31
A black vulture, top right, flies Monday, Sept. 29, 2025, in Cincinnati. (AP Photo/Joshua A. Bickel)
October 31

Turkish court sentences hotel owner and 10 others to life for deadly fire that killed 78

A Turkish court has sentenced the owner of a ski resort hotel and 10 others to life in prison for severe negligence in a deadly fire
October 31
October 31

Instacart, DoorDash among companies offering discounts to SNAP recipients

Instacart says it will offer customers who receive SNAP benefits 50% on their next grocery order to ease strain as the government prepares to cut off payments
October 31
FILE - An instacart logo and an instacart webpage are shown in this photo, in New York, on Sept. 6, 2023. (AP Photo/Richard Drew, File)
October 31

Xi and Carney, meeting in South Korea, try to rebuild China-Canada relations

Chinese President Xi Jinping and Canadian Prime Minister Mark Carney have taken steps to mend their countries' fractured ties
October 31
Canadian Prime Minister Mark Carney, left, shakes hands with Chinese President Xi Jinping at the start of a meeting in Gyeongju, South Korea, Friday, Oct. 31, 2025. (Adrian Wyld/The Canadian Press via AP)
October 31

Exxon posts strong quarterly earnings with production in Guyana and the Permian Basin picking up

Exxon Mobil’s third-quarter earnings beat Wall Street’s expectations, bolstered by strong Guyana and Permian Basin production
October 31
FILE- This April 25, 2017, file photo, shows Exxon service station signs in Nashville, Tenn. (AP Photo/Mark Humphrey, File)
October 31

Orbán to press Trump for Hungary's exemption from new US sanctions on Russian oil

Hungarian Prime Minister Viktor Orbán plans to persuade U.S. President Donald Trump to exempt Hungary from new U.S. sanctions on Russian oil when he visits Washington next week
October 31
President Donald Trump greets Hungary's Prime Minister Viktor Orban during a summit to support ending the more than two-year Israel-Hamas war in Gaza after a breakthrough ceasefire deal, Monday, Oct. 13, 2025, in Sharm El Sheikh, Egypt. (AP Photo/Evan Vucci, Pool)
October 31

What the US-China deal means for rare earths, soybean farmers and TikTok

The world's two largest economies appeared to dial back a monthslong trade war.
October 31
President Donald Trump and China's President Xi Jinping shake hands as they arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan, October 30, 2025.
October 31

FDA says drug makers have recalled a blood pressure medicine tainted with a cancer-causing chemical

The U.S. Food and Drug Administration says drug makers have recalled more than a half-million bottles of the blood pressure medication prazosin hydrochloride over concerns it may include a cancer-causing chemical
October 31
FILE - The Food and Drug Administration seal is seen at the Hubert Humphrey Building Auditorium in Washington, April 22, 2025. (AP Photo/Jose Luis Magana, File)
October 31

Shares in Asia are mixed and Chinese markets fall despite Trump's trade truce with Xi

Asian shares are mixed after the U.S. stock market sank from record heights as Wall Street sifted through various developments such as trade relations with China and profits of Big Tech giants
October 31
People with umbrellas pass the New York Stock Exchange, Monday, Oct. 13, 2025. (AP Photo/Richard Drew)
October 30

China's factory activity contracts for 7th month, reflecting tariff pressure

China has reported its factory activity contracted for a seventh straight month in October, reflecting pressure from higher U.S. tariffs and sluggish domestic demand
October 30
FILE - Workers check aluminum panels produced at a factory of Kam Pin Industrial (HK) Ltd, in Dongguan city in southern China's Guangdong province April 17, 2025. (AP Photo/Ng Han Guan, File)
October 30

China's Xi promises to protect free trade at APEC as Trump snubs major summit

Chinese leader Xi Jinping told Asia-Pacific leaders his country would help to defend global free trade as U.S. President Donald Trump snubbed an annual economic regional forum
October 30
A guide briefs visitors at the Bulguksa Temple where preparations are underway ahead of events for attendees of the Asia-Pacific Economic Cooperation (APEC) summits in Gyeongju, South Korea, Thursday, Oct. 30, 2025. (AP Photo/Ng Han Guan)
October 30

JetBlue passengers hospitalized after emergency landing in Florida

Officials say JetBlue passengers were taken to the hospital after a sudden altitude drop on a flight from Mexico forced an emergency landing in Florida
October 30
FILE - The JetBlue logo is seen at the check-in counter at the Richmond International Airport in Sandston, Va., Oct. 17, 2019. (AP Photo/Steve Helber, File)
October 30

Lobster population falls off New England, leading regulators to declare overfishing

A new report says America’s lobsters, which have been in decline since 2018, are now being overfished off New England
October 30
FILE - A lobster guards its territory in front of a trap on Sept. 3, 2018, near Biddeford, Maine. (AP Photo/Robert F. Bukaty, File)
October 30

Radio Free Asia says it is halting its news operations due to funding troubles

Radio Free Asia says it is shutting down its news operations starting on Friday
October 30
FILE - A woman walks past the empty receptionist desk at Radio Free Asia, April 1, 2025, in Washington. (AP Photo/Rod Lamkey, Jr., File)
October 30

Amazon reports higher sales and earnings for 3Q, helped by strong customer spending

Amazon posted higher fiscal third quarter profit and sales compared with a year ago, as the online giant kept attracting shoppers looking for good prices while inflation resurges
October 30
October 30

Deal between the US and China is undoing damage from a self-inflicted trade war

After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock
October 30
President Donald Trump, left, and Chinese President Xi Jinping, look at each other after their summit meeting at Gimhae International Airport Jinping in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Photo/Mark Schiefelbein)
October 30

China's rare earth export delay offers US a chance to weaken Beijing's grip on the market

China’s promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement creates an opportunity for the U.S. and its allies
October 30
FILE - Workers use machinery to dig at a rare earth mine in Ganxian county in central China's Jiangxi province on Dec. 30, 2010. (Chinatopix via AP, File)
October 30

4 Republicans back Senate resolution to undo Trump's tariffs around the globe

The Senate has passed a resolution that would undo many of President Donald Trump’s tariffs around the globe
October 30
Soybeans grow in a farm field, Thursday, Oct. 23, 2025, in Willow Grove, Del. (AP Photo/Cliff Owen)
October 30

American farmers welcome China's promise to buy soybeans

American farmers welcomed China’s promise to buy some of their soybeans, but Iowa farmer Robb Ewoldt cautioned this won’t solve all the problems as farmers continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds
October 30
Soybeans are harvested on the Warpup Farm in Warren, Ind., Wednesday, Sept. 17, 2025. (AP Photo/Michael Conroy)
October 30

Mark Walter finalizes his purchase of a majority stake in the Los Angeles Lakers

Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake from the Buss family
October 30
FILE - Los Angeles Dodgers owner and chairman Mark Walter speaks during a ceremony to honor the Major League Baseball 2024 World Series Champion team in the East Room of the White House, Monday, April 7, 2025, in Washington. (AP Photo/Evan Vucci, File)
October 30

Average long-term US mortgage rate dips to 6.17%, its lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year
October 30
FILE - A "For Sale" sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane, File)
October 30

The average rate on a 30-year mortgage fell to 6.17% this week, Freddie Mac says, its lowest level in more than a year

The average rate on a 30-year mortgage fell to 6.17% this week, Freddie Mac says, its lowest level in more than a year
October 30
October 30

Obesity, diabetes treatments fuel Eli Lilly growth and spark bidding war

The market for obesity and diabetes treatments remains scorching hot, funneling billions in sales to Eli Lilly and spawning a bidding war over another drugmaker
October 30
FILE - A sign for Eli Lilly & Co. stands outside their corporate headquarters in Indianapolis on April 26, 2017. (AP Photo/Darron Cummings, File)
October 30

Greek airline will run direct flights to Baghdad starting in December

An official says a Greek airline will start running direct flights from the European Union country to Baghdad before the end of the year
October 30
Iraqi Foreign Minister Fuad Hussein, right, shakes hands with his Greek counterpart George Gerapetritis, in Baghdad, Iraq, Thursday, Oct. 30, 2025. (AP Photo/Hadi Mizban)
October 30

China agrees to buy 25M metric tons of US soybeans annually, Treasury secretary says

Treasury Secretary Scott Bessent says China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders
October 30
President Donald Trump, left, and Chinese President Xi Jinping, right, shake hands after their U.S.-China summit meeting at Gimhae International Airport Jinping in Busan, South Korea, Thursday, Oct. 30, 2025. (AP Photo/Mark Schiefelbein)
October 30

Banks and retailers run short on pennies as the US Mint stops making them

The United States is experiencing a shortage of pennies after President Trump decided to stop their production earlier this year
October 30
A sign in a Kwik Trip store shows the store will no longer be using pennies to give change, on Oct. 23, 2025, in Yorkville, Wis. (AP Photo/Morry Gash)
October 30

South Korean and Japanese leaders vow to improve ties in face of global uncertainty

South Korean President Lee Jae Myung and Japan’s new Prime Minister Sanae Takaichi on Thursday pledged to strengthen ties between the neighbors, whose relations have long been strained by their bitter wartime history
October 30
FILE - Japan's new Prime Minister Sanae Takaichi speaks during a press conference at the prime minister's office in Tokyo, Japan, on Oct. 21, 2025.(AP Photo/Eugene Hoshiko, Pool, File)
October 30

From parrots to chemists, the world is captivated by baseball superstar Ohtani

A lot of Japanese have been glued to their computers or TV sets recently, cheering for Shohei Ohtani in the World Series
October 30
A window display in Tokyo features Shohei Ohtani's photo along with other products from Iwate, northeastern Japan where Ohtani is from, Thursday, Oct. 30, 2025. (AP Photo/Yuri Kageyama)
October 30

Universal Music and AI song generator Udio settle lawsuit partner on new AI platform

Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform
October 30
FILE - Taylor Swift arrives at the 67th annual Grammy Awards on Feb. 2, 2025, in Los Angeles. (Jordan Strauss/Invision/AP, File)
October 30

Europe's economy shows modest growth of 0.2%, held back by laggard Germany

Europe's economy has grown by a modest 0.2% in the third quarter, according to official figures released Thursday
October 30
People walk over a bridge near the European Central Bank in Frankfurt, Germany, Sunday, Oct. 26, 2025. (AP Photo/Michael Probst)
October 30

Maker of Jeep and Fiat sees early results of turnaround with higher 3Q revenue

Stellantis, the maker of Jeep, Fiat, and Peugeot cars, reports a 13% increase in third-quarter net revenues, reaching 37.2 billion euros
October 30
FILE - A transport carrying new cars arrives at a Stellantis facility July 10, 2023, in Belvidere. Ill. (AP Photo/Charles Rex Arbogast, File)
October 30

Asian shares, oil prices fall back following Trump's meeting with Chinese leader Xi

Asian shares have retreated after President Donald Trump's meeting with Chinese leader Xi Jinping
October 30
A woman with an umbrella passes the New York Stock Exchange, Monday, Oct. 13, 2025. (AP Photo/Richard Drew)
October 30

Community fights pickleball replacing basketball courts at South Florida beachside park

Basketball players who frequent a South Florida park feel like they’re being run off in favor of wealthy residents of a new luxury development
October 30
Gonzalo de Leon plays basketball at Fort Lauderdale Beach Park, the site of proposed pickleball courts as part of a new luxury development, Oct. 8, 2025, in Fort Lauderdale, Fla. (AP Photo/Lynne Sladky)
October 30

San Francisco mayor proposes denser housing to tackle affordability crisis

San Francisco Mayor Daniel Lurie is pushing to build more homes to address the city's housing crisis
October 30
Homes are illuminated by sunlight as the San Francisco skyline is seen in the background, Friday, Oct. 17, 2025, in San Francisco. (AP Photo/Godofredo A. Vásquez)
October 29

Tokyo auto show highlights technology but Trump's tariffs loom large

The Tokyo Mobility Show is showcasing futuristic transport, including robotic chairs and helicopter-like aircraft
October 29
Members of the media and guests look at a Century's concept model during the press day of the Japan Mobility Show, in Tokyo, Thursday, Oct. 30, 2025. (AP Photo/Louise Delmotte)
October 29

Samsung reports 32% rise in operating profit and predicts continued AI-related growth

Samsung Electronics has reported a 32.5% increase in operating profit for the third quarter The result was driven by rebounding demand for Samsung's computer memory chips, which the company expects will continue to grow on the back of artificial intell...
October 29
A person walks by a logo of Samsung Electronics at an exhibition hall for the Asia-Pacific Economic Cooperation (APEC) in Gyeongju, South Korea, Thursday, Oct. 30, 2025. (AP Photo/Lee Jin-man)
October 29

Army Corps approves Enbridge pipeline reroute around Wisconsin reservation

The U.S. Army Corps of Engineers has approved Enbridge's plan to reroute an aging oil pipeline around a northern Wisconsin tribal reservation
October 29
FILE - Pipeline used to carry crude oil sits at the Superior, Wis., terminal of Enbridge Energy, June 29, 2018. (AP Photo/Jim Mone, File)
October 29

US Army Corps of Engineers approves Enbridge plan to encase aging Great Lakes oil pipeline

The U.S. Army Corps of Engineers has approved energy company Enbridge's plan to encase a segment of an aging oil pipeline beneath a Great Lakes channel
October 29
FILE - Pipeline used to carry crude oil sits at the Superior, Wis., terminal of Enbridge Energy, June 29, 2018. (AP Photo/Jim Mone, File)
October 29

Senate vote on nullifying tariffs on Canada demonstrates opposition to Trump's trade policy

The Senate is passing legislation that would nullify U.S. tariffs on Canada
October 29
Sen. Tim Kaine, D-Va., meets with reporters to discuss President Donald Trump's strategy on tariffs, at the Capitol in Washington, Tuesday, Oct. 28, 2025. (AP Photo/J. Scott Applewhite)
October 29

Italian court rejects Sicily bridge project, dealing a blow to Meloni government

Italy’s Court of Auditors has rejected a government plan to build a massive bridge connecting Sicily to the mainland
October 29
Italian Premier Giorgia Meloni addresses the Senate ahead of the upcoming European Council, in Rome, Wednesday, Oct. 21, 2025. (Roberto Monaldo/LaPresse via AP)
October 29

Budweiser brewer AB InBev set to replace Heineken as Champions League beer sponsor

Budweiser brewer AB InBev is set to end Heineken’s three-decade-long run as the official beer sponsor of soccer’s Champions League in a statement deal for the competition’s new global sales agent Relevent
October 29
Real Madrid's Jude Bellingham celebrates after scoring his sides first goal during the Champions League opening phase soccer match between Real Madrid and Juventus in Madrid, Spain, Wednesday, Oct. 22, 2025. (AP Photo/Manu Fernandez)
October 29

How major US stock indexes fared Wednesday, 10/29/2025

U.S. stocks bounced around their records after the Federal Reserve made moves to boost the job market but warned that more help isn’t guaranteed
October 29
October 29

Starbucks sales improve but store closures and layoffs take a bite out of profits

Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved
October 29
FILE - A costumer exits a Starbucks store in Oakland, Calif., Thursday, Jan. 16, 2025. (AP Photo/Godofredo A. Vásquez, File)
October 29

What a Federal Reserve rate cut means for your finances

The Federal Reserve has cut its benchmark interest rate by a quarter point for the second time since September
October 29
FILE - Several VISA and MASTER credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)
October 29

Boeing pushes 777X jet deliveries to 2027 amid certification delays

Boeing on Wednesday reported mixed third-quarter results, with higher aircraft deliveries and a growing order backlog offset by certification delays for its 777X jet
October 29
FILE - Traffic drives in view of a Boeing Co. production plant, where images of jets decorate the hangar doors on April 23, 2021, in Everett, Wash. (AP Photo/Elaine Thompson, File)
October 29

Fed cuts interest rates for 2nd time this year amid hiring slowdown

In recent months, inflation has picked up while hiring has slowed.
October 29
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve, October 29, 2025 in Washington.
October 29

GM lays off 1,700 workers at plants in Michigan and Ohio amid slower EV demand

General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles
October 29
FILE - The General Motors logo is seen at its headquarters in Detroit on April 24, 2024. (AP Photo/Paul Sancya, File)