Business News

PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash

HONG KONG (AP) — A top Baidu public relations executive has reportedly departed the Chinese technology...

European companies are less upbeat about China's vast market as its economy slows

BEIJING (AP) — China is actively seeking foreign investment to boost its slowing growth, but that very...

Financial executive convicted of insider trading in case over acquisition of Trump's media company

NEW YORK (AP) — A financial executive was convicted Thursday of enabling his boss and others to make...

Supreme Court sides with music producer in copyright case over sample in Flo Rida hit

WASHINGTON (AP) — The Supreme Court sided with a music producer in a copyright case Thursday, allowing...

Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain

NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession:...

Chevrolet Malibu heads for the junkyard as GM shifts focus to electric vehicles

DETROIT (AP) — The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for...

Boeing plane carrying 85 people catches fire and skids off the runway in Senegal, injuring 10

DAKAR, Senegal (AP) — A Boeing 737 carrying 85 people caught fire and skidded off a runway at Senegal's...

US weekly jobless claims hit highest level since August of 2023, though job market is still hot

The number of Americans applying for unemployment benefits jumped to its highest level in more than...

Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation

LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% thoug...

Japanese automaker Nissan reports 92% jump in profit as sales surge

TOKYO (AP) — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7...

Activist investor wins 3 Norfolk Southern board seats but won’t have control to fire CEO

Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders...

Stock market today: Asian shares are mixed after Wall St rally takes S&P 500 near record

TOKYO (AP) — Stocks in Asia were mixed Friday after a rally on Wall Street that pulled the S&P 500 bac...

Union push pits the United Farm Workers against a major California agricultural business

In a meeting room at a hotel in California's crop-rich Central Valley, a fight is taking place that...

With inflation soaring, Argentina will start printing 10,000 peso notes

BUENOS AIRES, Argentina (AP) — Prices in Argentina have surged so dramatically in recent months that...

US's largest public utility ignores warnings in moving forward with new natural gas plant

NASHVILLE, Tenn. (AP) — The nation’s largest public utility is moving ahead with a plan for a new natural...

Judge grills Apple exec about whether company is defying order to enable more iPhone payment options

OAKLAND, Calif. (AP) — A federal judge on Wednesday questioned whether Apple has set up a gauntlet o...

Airbnb shares slide on lower revenue forecast despite a doubling of net income

SAN FRANCISCO (AP) — Airbnb's profit more than doubled last quarter, but management's disappointing...

Beyond Meat urges investors to look past bumpy Q1, says new US burger could reignite sales

Plant-based meat maker Beyond Meat urged investors to look past its mixed first quarter results Wednesday,...

Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break

ATLANTA (AP) — Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year...

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Steward Health Care said it plans to sell off all its hospitals after announcing this week that it fil...

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