Russia's central bank raises interest rates to 12% after the ruble plunges
Russia's central bank hiked its main interest rate by 3.5 percentage points to 12% Tuesday after the ruble cratered to a 17-month low the previous day.
2023-08-15 17:48
Couple suing Eataly Boston after woman slipped on piece of prosciutto and broke ankle, lawsuit states
A New Hampshire couple is suing Eataly Boston after a woman says she slipped and fell on a piece of prosciutto in the store, resulting in a broken ankle.
2023-08-15 10:54
Taiwan's Foxconn says it sees 'billions' of dollars in India investments
A month after exiting an ambitious project to help build one of India's first chip factories, Taiwan's Foxconn says it remains bullish about the world's most populous nation and is planning "billions" of dollars in investments there, as multinationals seek to diversify their supply chains beyond China.
2023-08-15 09:48
Manhattan federal prosecutors drop campaign finance charge against Sam Bankman-Fried in new indictment
Federal prosecutors in Manhattan filed another indictment against FTX co-founder Sam Bankman-Fried Monday, dropping another count against him.
2023-08-15 05:54
'Complete meltdown': Driverless cars in San Francisco stall causing a traffic jam
San Francisco residents were caught off guard this weekend after Cruise self-driving cars caused a traffic jam, according to social media posts. The obstruction came a few days after California regulators approved robotaxi companies to operate their driverless cars 24/7 throughout the city.
2023-08-15 03:49
Biden urges UAW and Big Three automakers to reach deal to avoid strike
President Joe Biden sought to ramp up pressure on the United Auto Workers union and the nation's three unionized automakers -- Ford, General Motors, and Stellantis, known as the "Big Three" -- one month ahead of a critical deadline for labor talks.
2023-08-15 03:18
Biden's climate law has led to 86,000 new jobs and $132 billion in investment, new report says
A year after Democrats passed their sweeping $750 billion climate and health care law, it's leading to a surge of clean energy projects and job creation, according to a recent Bank of America report.
2023-08-15 01:48
UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.
2023-08-15 01:48
Hawaiian Electric stock plunges 40% after lawsuit alleges it failed to shut power off ahead of the Maui wildfires
Hawaiian Electric's stock tumbled to a 13-year low Monday morning, plummeting nearly 40% after a class action lawsuit filed over the weekend alleged that Maui's devastating wildfires were caused by the utility's energized power lines that were knocked down by strong winds.
2023-08-15 01:19
Coinbase launches nonprofit crypto advocacy group
Coinbase is launching an independent nonprofit organization for advancing pro-crypto legislation through Congress, hoping to build on recent legislative and legal wins for the digital asset industry.
2023-08-15 00:25
US Steel rejects buyout offer from rival Cleveland-Cliffs
Shares of US Steel soared Monday on news that rival Cleveland-Cliffs has proposed a purchase of the company, a move that would create the nation's largest steelmaker.
2023-08-15 00:18
Does it matter to stocks whether the Federal Reserve hikes or pauses rates in September?
After the Federal Reserve raised interest rates in July to the highest level in 22 years, Wall Street's focus is on whether September will bring another rate hike.
2023-08-14 19:23