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Business
Global debt hits record of nearly $338 trillion, says IIF
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The Institute of International Finance, a financial services trade group, said that global debt rose over $21 trillion in the first half of the year t...
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US senator calls FAA’s proposed $3.1 million Boeing fine inadequate
Richard Blumenthal said the FAA's proposed $3.1 million fine against Boeing is inadequate and wants the agency to explain how it calculated the penalt...
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Amazon violated online shopper protection law, judge rules ahead of Prime signup trial
Amazon violated consumer protection law by gathering Prime subscribers' billing information before disclosing the service's terms.
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Live Nation, Ticketmaster joined with ticket brokers to exploit fans, US says
The FTC accused Live Nation and Ticketmaster of costing fans millions of dollars by tacitly allowing ticket brokers to scoop concert tickets and sell ...
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Cracker Barrel shares slump as logo change blowback dents restaurant traffic
Cracker Barrel shares fell nearly 10% before the bell on Thursday, after the restaurant chain's short-lived decision to change its logo hit customer t...
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Fed lowers interest rates, signals more cuts ahead; Miran dissents
The Federal Reserve reduced interest rates for the first time since December and indicated more cuts would follow to halt any signs of weakness.
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Ben without Jerry as ice cream co-founder exits after feud with Unilever over Gaza
Ben & Jerry's co-founder Jerry Greenfield has quit the company after a rift and public feud with parent Unilever over the conflict in Gaza.
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Disney, Universal, Warner Bros Discovery sue China’s MiniMax for copyright infringement
The three major Hollywood studios have jointly filed a copyright lawsuit against MiniMax alleging that its image- and video-generating service was bui...
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India and US to hold trade talks, raising hopes for reset
India and the U.S. will hold trade talks, raising hopes for a breakthrough weeks after President Donald Trump imposed punitive tariffs on the South As...
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Oracle nears $1 trillion valuation, Ellison edges toward richest-person title
Oracle's shares rose on Thursday as the company inches closer to the trillion-dollar club on soaring gains from its AI cloud business.
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S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowin...
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Ferrari chair John Elkann agrees to community service to end tax fraud case
Stellantis and Ferrari Chairman John Elkann has agreed to do a year of community service and pay a negotiated sum to settle a tax dispute over the inh...
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Dick’s Sporting Goods completes $2.4 billion Foot Locker deal
The deal gives Dick's a stronger foothold in the sneaker market with over 3,200 stores and an entry into international markets.
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BofA expects Fed to deliver two cuts this year after soft jobs report
BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs repo...
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‘The world has lost a giant’: tributes to Giorgio Armani
Fashion designer Giorgio Armani, synonymous with modern Italian style and elegance and known as "King Giorgio", died at the age of 91.
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Newsmax sues Fox, claiming TV distribution deals strangled business
The lawsuit alleged Fox and its affiliate Fox News violated antitrust law by coercing distributors to exclude competitors such as Newsmax or to restri...
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Food companies to phase out artificial colors amid ‘Make America Healthy Again’ campaign
Packaged food makers in the U.S. have rolled out plans to eliminate the use of FD&C colors from their products.
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Kraft Heinz splits, unwinding merger that never paid off
Kraft Heinz will split into two listed companies, dismantling a packaged goods giant that never achieved the growth expected when it was formed a deca...
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US oil production hit record high in June, EIA says
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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