Business News

Walmart said on Tuesday it will close all 51 of its health clinics and shut its virtual health care operations, saying it could not see it as a sustainable business model to continue. “Healthcare is expensive to run. We were finding that the increased labor and operating costs environment, like with reimbursement, both public and […]

DEARBORN, Mich.—Ford is recalling nearly 243,000 Maverick small pickup trucks in the United States because the tail lights may not illuminate. The company says a computer can falsely detect too much current on one or both of the tail lamps, causing them to stay dark while the trucks are being driven. That can increase the […]

DETROIT—In the not-too-distant future, automatic emergency braking will have to come standard on all new passenger vehicles in the United States, a requirement that the government says will save hundreds of lives and prevent thousands of injuries every year. The National Highway Traffic Safety Administration (NHTSA) unveiled the final version of the new regulation on […]

UnitedHealth Group CEO Andrew Witty was grilled by lawmakers Wednesday over the biggest health care hack in American history. He said he’s giving out interest-free loans to hospitals who were victims of the hack.

The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift. Sam Burns, chief strategist at Mill Street Research, gave his analysis on this issue.

The Federal Reserve left interest rates unchanged at their highest levels in 23 years as monetary policymakers have observed “a lack of further progress” toward the central bank’s 2 percent inflation target. Regulatory filings show that former President Donald Trump increased his stake significantly in the company behind his social media platform Truth Social, with the former […]

The Federal Reserve left interest rates unchanged at their highest levels in 23 years as monetary policymakers have observed “a lack of further progress” toward the central bank’s 2 percent inflation target. Fed officials noted that the risks to accomplishing its dual mandate of maximum employment and price stability have shifted to a better balance […]

Tesla CEO Elon Musk laid off two senior executives and plans to fire hundreds more after falling sales and already announced job cuts that he considered not enough, according to a report. The two senior executives who were fired were Rebecca Tinucci, senior director of the electric vehicle maker’s Supercharger business, and Daniel Ho, head […]

Americans who receive Supplemental Security Income (SSI) are due to get two payments in May because of a scheduling quirk that prevents payments from being made on weekends or holidays. SSI monthly payments are usually made on the 1st of every month. However, a beneficiary can get two payments in a single month. This happens […]

Regulatory filings show that former President Donald Trump increased his stake significantly in the company behind his social media platform Truth Social, with the former president now owning nearly 65 percent of Trump Media & Technology Group (TMTG) and becoming around $1.8 billion richer. President Trump, who faces mounting legal bills from a bevy of court cases that […]

Three key U.S. economic indicators declined in April, signifying lower confidence among Americans about future business and job conditions as well as suggesting a potential risk of recession. The Conference Board Consumer Confidence Index fell for the third straight month in April. The Present Situation Index, which measures consumers’ assessment of current business and labor […]

The Supreme Court agreed this week to decide if changes made to a state-level legal complaint about allegedly overpriced dog food prevent the federal court system from hearing a proposed class action launched by consumers. The pet food manufacturers who brought the appeal say that federal courts of appeal are divided over whether changes made […]

Dozens of Google workers who were fired for protesting the tech giant’s cloud deal with the Israeli government filed a complaint on Monday with the National Labor Relations Board (NLRB) over their termination. The complaint, obtained by The Washington Post, alleges that Google violated the workers’ rights by “terminating and/or placing them on administrative leave […]

Samsung reported a more than 10-fold rise in first-quarter operating profit Tuesday. It rose to $4.8 billion in January to March, up from $465 million a year earlier. It was the company’s highest operating profit since the third quarter of 2022.  

Small business experts criticized President Joe Biden’s new corporate transparency law at a House hearing Tuesday. They say the law forces Americans to provide sensitive information, burdens them, and threatens them with egregious penalties.  

A new S&P Global report says U.S. private auto insurers are seeing record levels of underwriting losses. There are a number of factors contributing to this, according to Patty Kwan, S&P Global Ratings director. This includes an increase in distracted driving, poor road conditions, higher costs to repair cars, and increased medical claims. The U.S. […]

SEATTLE—Binance founder Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world’s largest cryptocurrency exchange. A judge credited Mr. Zhao for taking responsibility for his wrongdoing but said he was troubled by the now-former CEO’s decision to ignore U.S. banking requirements that would have slowed the company’s […]