US financial regulators green lit new rules aimed at reducing the cost of bank failures
A group of US financial regulators signed off on new rules aimed at preparing large and regional banks for failure. in the event they fail.
2023-08-30 07:23
For travelers who want to avoid babies and kids, one airline will test an adults-only section
One airline is betting that passengers will pay extra to sit away from babies and young children
2023-08-30 05:21
These are the first 10 drugs subject to Medicare price negotiations
The Biden administration unveiled Tuesday the names of the first 10 drugs subject to price negotiations in Medicare, including several popular blood thinners and diabetes medications.
2023-08-30 03:59
Amazon CEO tells employees to return to the office or their days may be numbered
Amazon CEO Andy Jassy has told employees to get on board with the company's return-to-office plan or to consider employment elsewhere, the company confirmed to CNN, after a report by Insider highlighted Jassy's remarks from a recent internal event.
2023-08-30 02:47
Furniture store Mitchell Gold + Bob Williams is shutting down
Mitchell Gold + Bob Williams, which grew from a small North Carolina-based upholstery maker to a national retail furniture chain, is shuttering operations, citing weak sales and trouble securing financing. It's the latest retailer hurting from sluggish sales as consumers pull back on spending.
2023-08-30 01:52
Crypto assets soar as US court clears a path for bitcoin ETFs
The value of crypto assets surged Tuesday after a US court cleared a path for the nation's first bitcoin exchange-traded fund.
2023-08-30 01:27
Hundreds of flights are canceled as Hurricane Idalia disrupts air travel
All flights from Tampa International Airport have been canceled Tuesday as Hurricane Idalia barrels toward the Florida's Gulf Coast.
2023-08-30 01:16
Farmers Insurance to lay off 2,400 workers across its entire business
California-based Farmers Insurance said Monday it is laying off 11% of its workforce — or 2,400 employees — in a bid to restructure itself for long-term growth.
2023-08-29 20:59
3M agrees to pay $6 billion after US military said its earplugs caused hearing loss
3M has agreed to pay $6 billion to resolve roughly 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in significant injuries, such as hearing loss.
2023-08-29 20:57
US isn't trying to hold China's economy back, says Commerce Secretary Raimondo
The United States is not seeking to decouple from China's economy or hold it back, Commerce Secretary Gina Raimondo told senior Chinese economic officials Tuesday in Beijing.
2023-08-29 17:55
Toyota suspends production at its Japanese plants after supply chain glitch
Toyota is suspending operations at all of its Japanese assembly plants as it grapples with a technical glitch that has disrupted its finely-tuned supply chain.
2023-08-29 17:18
Hawaiian Electric says power lines started morning fire on August 8, but not afternoon Lahaina Fire
Hawaiian Electric Company said that power lines falling in high winds seem to have caused a fire during the early morning of August 8, but power lines in West Maui had been de-energized for more than six hours by the time a second afternoon fire began in the Lahaina area.
2023-08-29 09:49