Amtrak CEO: Pandemic delayed profitability by years
The CEO of perennially unprofitable Amtrak joked to Congress Tuesday that the fastest track to a financial turnaround would be to stop operating trains and instead "go into the real estate business." But he said he has no intention of doing so.
2023-06-07 00:59
Half of the biggest global companies plan to cut office space. US cities will suffer most
Around 50% of major global companies will need less real estate in the next three years, with American cities — led by San Francisco — most exposed to empty offices, new research has found.
2023-06-06 23:17
Maria Sherman appointed AP's music writer, based in Los Angeles
Maria Sherman has been named The Associated Press’ music writer, a key position responsible for delivering news on a beat of global significance for the news cooperative
2023-06-06 21:56
Millennial Money: Does ESG actually do any good?
Both sides of the political spectrum have their say about ESG: It’s either just a label that costs more, or it’s saving the world
2023-06-06 20:49
Debt ceiling package does little to address America's major fiscal problems
Although it's named the Fiscal Responsibility Act, the compromise debt ceiling package that President Joe Biden signed into law this past weekend doesn't do much to fix the nation's enormous financial challenges.
2023-06-06 20:45
Bud Light sales keep slipping. But it remains America's top-selling beer
Roughly two months after Bud Light endured a self-induced injury that torpedoed sales, the brand continues to lose ground to its competition. But there are signs the worst might be over.
2023-06-06 19:59
People are spending more on groceries. But they're buying less
The past few months of robust grocery store sales would suggest that shoppers aren't stretched for cash. But that's not the full story.
2023-06-06 19:58
Main Street traders are taking big risks. They might not pay off
"Sell in May and go away" — shorthand for the idea that US stocks rise more between November and April than over the summer — is one of the most oft-repeated adages on Wall Street.
2023-06-06 19:48
Starbucks is bringing its controversial olive oil coffee to more cities
Starbucks is going full steam ahead with its controversial line of olive oil-infused coffee drinks, expanding one of its biggest new product launches in years to many more states and cities.
2023-06-06 17:25
Actors union vote to authorize a strike next month, possibly joining writers
Members of the union representing television and film actors, SAG-AFTRA, have voted to authorize a strike against major studios if a new contract isn't reached by the time their current deal ends on June 30.
2023-06-06 10:47
West Coast dockworkers disrupt trade for a fourth day, says maritime group
For a fourth day, dockworkers at West Coast ports in the United States are disrupting international trade, according to the Pacific Maritime Association.
2023-06-06 08:18
McCarthy sets up clash over Pentagon budget and calls Senate GOP demands 'part of the problem'
Speaker Kevin McCarthy is rejecting GOP criticism of the debt limit deal he struck with President Joe Biden -- and pushed back on Senate Republican demands that Congress ramp up defense spending after the new law fell short of the levels sought by leading defense hawks.
2023-06-06 05:26