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Business
US oil production hit record high in June, EIA says
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U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd.
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Ford recalls nearly 500,000 vehicles over brake fluid leak
A ruptured hose in the brake system might cause fluid to leak, lengthening stopping distances, which increases the risk of a crash, the report said.
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Delta to pay $78.75 million to resolve fuel dump lawsuit
Delta agreed to pay $78.75 million to resolve a class action lawsuit over a 2020 fuel dump that doused tens of thousands of properties, including home...
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US probes into more than 1.4 million Honda vehicles over engine failure
In a letter dated August 20, the regulator said it received 414 reports of the issue in various Honda and Acura vehicles' 3.5-liter V6 engine.
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Delta, United sued for selling windowless ‘window seats’
Delta and United were sued by passengers who claimed they paid extra money to sit in "window" seats, only to find themselves placed in seats next to a...
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Target stock slumps after retailer names insider Fiddelke to CEO role
In his first media call as incoming CEO, Fiddelke said his "number one goal is to get us back to growth."
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Novo Nordisk to offer Ozempic at $499 per month to eligible US customers
Earlier this month, Novo Nordisk said it expects continued competition from copycat version Wegovy this year and rising pressure from main U.S. rival,...
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What a Russia-Ukraine ceasefire deal could mean for global markets
World markets are watching closely as President Donald Trump and Russia's Vladimir Putin meet in Alaska later on Friday to seal a possible ceasefire a...
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Ulta, Target to end beauty mini-shop partnership in 2026
Ulta will wrap up its mini-store partnership in Target stores after the current contract ends in August 2026.
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GE Appliances to invest over $3 billion in US manufacturing push
The GE Appliances investment will create 1,000 jobs in five states and is aimed at expanding the company's air conditioning and water heating portfoli...
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US exported 30% of its primary energy output in 2024, says EIA
Of the record 103 quadrillion British thermal units of total primary energy produced in the U.S., a record 31 quads were exported.
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Adidas apologises for sandal appropriating Indigenous Mexican design
Adidas has formally apologized after marketing a shoe that replicated traditional Indigenous huarache sandals without attributing the design or credit...
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Disney settles lawsuit with fired ‘Mandalorian’ actress Gina Carano
Disney removed Carano from "The Mandalorian" in 2021 over social media posts that the company at the time called "abhorrent and unacceptable" for "den...
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Boeing CEO stabilizes planemaker in turbulent year, new challenges on radar
One year after taking the helm during Boeing’s (BA.N) deepest crisis in decades, CEO Kelly Ortberg has stopped the company's freefall.
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Paramount closes $8 billion merger with Skydance after settling ’60 Minutes’ lawsuit
Renamed "Paramount Skydance Corp", the company's Class B shares will start trading on the Nasdaq under the ticker symbol PSKY from Thursday.
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McDonald’s global sales top estimates as affordable meal options boost demand
McDonald's second-quarter global comparable sales beat Wall Street estimates, as affordable meal bundles and promotions drew in budget-conscious diner...
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US companies spending record amounts to protect executives as threats rise
Companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate offic...
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Over 3,000 Boeing fighter jet workers go on strike after rejecting contract offer
More than 3,200 union members who assemble Boeing's fighter jets in the St. Louis area and Illinois went on strike after rejecting a second contract o...
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Wall Street jumps as Microsoft enters $4 trillion club after results
The S&P 500 and Nasdaq climbed to new record highs after Microsoft's blockbuster earnings and investor confidence in artificial intelligence.
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