Business

A House committee has subpoenaed former President Trump; reaction to Russia's threat of World War III; Elon Musk under investigation over the Twitter deal.

Trump subpoenaed; response to Russia threat; Musk/Twitter investigation

Thanks to new NCAA rules allowing college athletes to cash in on their name, image and likeness (NIL), sports stars are making millions.

Lebron James’ son Bronny signs with Nike plus these 5 athletes cash in on NIL

Months ago, food and energy were blamed for much of inflation, but September's consumer price data tells an alarming story.

Wrong direction: Inflation still breaking records, core prices at 4-decade high

Tiktok is heating up competition in the U.S. It is expanding online commerce to compete with social and online retail giants.

TikTok is planning to open US fulfillment centers, hints at e-commerce plans

The Wall Street Journal reported thousands of federal officials traded stocks of companies whose fates were directly affected by their employers’ actions.

WSJ: Federal officials traded stock in companies their agencies oversee

Major retailers like Amazon, Walmart and Target are hoping to entice you to shop early with Black Friday deals in October.

Holiday deals in October? Amazon, Target, Walmart hope you’ll take the bait

Payment service PayPal has cleared up confusion over reported plans to subject users to a $2,500 fine for misinformation.

Confusion, anger fuel fallout to reported PayPal misinformation fine

U.S. job growth slowed in September but still beat some economists' expectations. The U.S. added 263,000 jobs for the month.

US adds 263,000 jobs in September as unemployment lowers to 3.5%

Tyson Foods is set to relocate about 1,000 corporate positions from Chicago and South Dakota to its headquarters in Springdale, Arkansas.

Tyson Foods joins list of companies leaving Chicago in recent months

The Kardashian-Jenner family have been great for brands. But here are the deals that landed them in legal trouble in Five for Friday.

Five times the Kardashian-Jenner clan got in legal trouble over promotions

With a market downturn and world economies teetering on the edge of recession, the Fed has been getting pressure to slow down its rate hike campaign.

Fed has no plan to cut rates next year despite market and global pressure

He's anti-woke, anti-ESG and hopes to shake up the corporate world. Activist investor Vivek Ramaswamy is backed by some big-time billionaires.

How rising anti-ESG crusader Ramaswamy is shaking up corporate America

Elon Musk has agreed to buy Twitter for his original offer price of $54.20 per share ahead of a contentious courtroom battle.

Elon Musk agrees to buy Twitter at original $44 billion price

OPEC+, a powerful alliance of some of the world's largest oil producers, is considering cutting oil production by a million barrels a day.

If OPEC+ cuts oil production, Russia stands to benefit from higher prices

The Dow, S&P 500 and Nasdaq are all in a bear market. We have the former hot Wall Street trends that are slowing down in Five for Friday.

Five Wall Street trends screeching to a halt in the bear market

The bears see more bad news ahead, with Ned Davis Research updating its global recession model to 98% probability.

Dow, S&P 500, Nasdaq in bear market with global recession highly probable

The British pound took a beating Monday as markets digested the new government's plan to deliver tax cuts while boosting spending and borrowing.

Pound plunges to record low against dollar as markets weigh tax cuts, spending

The Dow Jones Industrial Average tumbled into bear market territory Friday, at one point down roughly 600 points mid-trading day.

Dow dives into bear market territory as recession fears roil stock market

In response to disappointing quarterly financial numbers, FedEx announced it will institute rate hikes along with cost-cutting measures.

FedEx announces rate hikes as delivery services experience lack of demand

Jeff Bezos and Mark Zuckerberg have lost huge amounts of money this year. Here's who's moving up the billionaire ranks in Five for Friday.

Move over Bezos and Zuckerberg, these 5 billionaires are moving up the ranks

24 Republican AGs are asking credit card companies to not use merchant codes that change the way purchases from gun stores are categorized.

Republicans denounce new merchant codes for gun store sales

Two Facebook users are suing Meta, claiming the company is tracking and collecting their data across the web without consent.

Meta sued for tracking Facebook users in workaround to Apple’s privacy features

The Fed hiked interest rates by 75 basis points for the third straight meeting after inflation numbers came in hotter than expected for August.

Fed hikes interest rates by another 0.75% while downgrading GDP forecast

As the old saying goes, the cure for high prices is high prices, but that line won't work for food prices, an inflation category Americans can't escape.

Why high food prices will persist even when inflation eases elsewhere