Business News
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Alcohol, motorcycles: Which Canadian products are banned by the US?
What to know about the U.S. ban of Canadian products. (American Action Forum Office of the United States Trade Representative.)(WASHINGTON) A United States ban of hundreds of millions of dollars worth of Canadian products took effect on Tuesday, escalating a trade war between the longtime allies and pinching imports from...Read more -
Nvidia releases software to prevent AI security incidents
An exterior view of the NVIDIA headquarters on May 30, 2023, in Santa Clara, California. (Justin Sullivan/Getty Images)(NEW YORK) -- Nvidia, a top chipmaker whose products fuel many artificial intelligence agents, released a software platform on Monday designed to prevent security incidents revealed by AI firms in recent months.The software...Read more -
Trump administration rolls back fuel economy standards for automakers: What to know
A Tesla Supercharger electric vehicle charging station is seen in Ohio, Aug. 4, 2026. (Marcin Golba/NurPhoto via Getty Images)(WASHINGTON) -- The Department of Transportation is easing fuel economy standards that were put in place during the Biden administration.Transportation Secretary Sean P. Duffy said Monday that changing CAFE (corporate average fuel...Read more -
Consumer sentiment drops near all-time low as prices weigh on shoppers
A person pumps gas at a Mobil gas station on September 24, 2026 in Austin, Texas. (Brandon Bell/Getty Images)(WASHINGTON) -- Consumer sentiment dropped in September close to the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey, fresh data on Friday showed.Shopper attitudes soured...Read more -
'Can't catch a break': Shoppers squeezed by surging inflation and higher interest rates
A customer purchases gas at a station, Sept. 15, 2026, in Chicago. (Scott Olson/Getty Images)(NEW YORK) -- Kelsey Benson said she was laid off from a job in sales earlier this month, leaving her without health insurance at a time when price hikes are weighing on the rest of her...Read more -
What are the financial benefits of higher interest rates? Experts explain
Federal Reserve Chair Kevin Warsh speaks during a news conference following Federal Open Market Committee meetings at Federal Reserve Headquarters, Sept. 16, 2026, in Washington. (Andrew Harnik/Getty Images)(NEW YORK) -- A key long-term Treasury rate hit its highest level in nearly two decades earlier this month, even before the Federal...Read more -
Converse pulls controversial ad, apologizes following backlash over alleged KKK imagery
(Getty Images stock photo)(NEW YORK) -- Converse has discontinued an advertisement following public backlash last week over what critics said appeared to be Ku Klux Klan symbolism and lynching in the shoe and apparel company's ad campaign.One of the images in the ad showed the bottom half of a person...Read more -
Toys R Us planning major comeback ahead of holiday season
Toys R Us Grand Opening at Macy's Herald Square on Oct. 13, 2022, in New York City. (Eugene Gologursky/Getty Images for Macy's, Inc.)(NEW YORK) -- Toys R Us is planning a major expansion in the U.S. with the addition of 120 new standalone stores by the end of 2026.The toy...Read more -
Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett attends 'Becoming Warren Buffett' World Premiere at The Museum of Modern Art on Jan. 19, 2017, in New York City. (Jamie McCarthy/Getty Images)(NEW YORK ) -- Warren Buffett has stepped down as chairman of Berkshire Hathaway, the company announced in a statement published early on Friday, having served...Read more -
Diesel prices at record highs amid Strait of Hormuz disruption, Russia-Ukraine war
Gas prices are displayed at a Pilot gas station on Sept. 17, 2026, in Newark, New Jersey. (Michael M. Santiago/Getty Images)(NEW YORK) -- The average price for a gallon of diesel was still hovering around a record-high of $6.43 as of Friday morning, according to the latest data published by...Read more -
Uber ordered to pay $40M to parents of woman fatally struck after being left on freeway
Emily Normandin-Parker is seen in this photo. Her parents Carol Normandin and Ken Parker were awarded $40 million in arbitration after their daughter was struck and killed after her Uber driver left her along a Southern California freeway. (Courtesy Panish Shea Ravipudi LLP)(NEW YORK) -- The parents of a 23-year-old...Read more -
Federal Reserve raises interest rates for the 1st time since 2023
Federal Reserve Chair Kevin Warsh speaks during a news conference on July 29, 2026, in Washington, D.C. (Win McNamee/Getty Images)(WASHINGTON) -- The Federal Reserve raised interest rates on Wednesday in an effort to battle back a monthslong surge of inflation set off by the Iran war. The move marks the central bank's first...Read more -
What are the top threats posed by AI and should you be worried?
AI virtual assistant apps on a smartphone. (Getty Images stock photo)(NEW YORK) -- The most powerful executives in the artificial intelligence industry in recent days warned of a grave threat posed by the technology, issuing a series of statements calling for a slowdown in AI development.Anthropic CEO Dario Amodei published a blog post alerting...Read more -
What does the closure of Saudi-Arabia's East-West pipeline mean for gas prices?
Nicholson Francios pumps diesel fuel into his tractor-trailer at a truck stop on Sept. 11, 2026, in Miami, Florida. (Joe Raedle/Getty Images)(WASHINGTON) -- Global oil prices on Monday climbed to their highest level since May after Saudi Arabia shut down a key pipeline, choking worldwide crude supply and threatening to put upward...Read more -
Amazon stops operations with 21 Air after deadly Miami cargo plane crash
An Amazon cargo plane is seen after it crashed at Miami International Airport on Sept. 6, 2026, in Miami, Florida. (Joe Raedle/Getty Images)(WASHINGTON) -- Amazon announced Sunday it’s pausing operations with cargo carrier 21 Air following last week’s cargo plane crash in Miami, which killed five people and injured five...Read more