Business

A dip in energy prices helped cool annual inflation in July, which has hovered at four-decade highs all year. Consumer prices stayed flat.

Consumer prices stay flat in July, annual inflation cools to 8.5%

Senate Democrats are celebrating the partisan passage of the Inflation Reduction Act, but is it a misnomer? Here's what nonpartisan analyses say.

Reports: Democrats’ Inflation Reduction Act will not reduce inflation soon

Los Angeles voters will vote on a plan that would force hotels to open up their vacant rooms to shelter the city's homeless population.

Los Angeles plan would force hotels to use empty rooms for homeless

Warner Bros. kills ‘Batgirl’ movie under leadership of CEO who axed CNN+

Tech giants like Google, Apple and Meta are trying to get even bigger, but they face pushback. Here are the 5 biggest stories in antitrust.

Stephen King testifies and Google could get sued in biggest antitrust news

Gearheads across the U.S. got a shock this week, as the iconic Dodge Charger and Challenger muscle cars will soon be electric-only vehicles.

Dodge will scrap Hemi V8 in iconic muscle cars, make them all-electric

3 things we’ve learned from earnings season, from Big Oil to Big Tech

Since GDP turned negative for the second straight quarter, the U.S. has been thrust into a politically-heated debate: Are we in a recession?

Recession or not, here’s why Americans feel like the economy is going downhill

GDP has fallen for two straight quarters, stoking flames of a recession, so we have some recession-proof sectors in this week's Five For Friday.

5 recession-proof industries that can weather an economic downturn

Instagram users are upset about the platform's algorithm changes and want it to stop trying to emulate surging competitor TikTok.

Instagram users upset over recent changes tell company to stop being TikTok

The U.S. economy shrank for the second straight quarter, stoking recession fears, as the GDP 0.9% contraction follows a 1.6% contraction first quarter.

GDP is negative for second consecutive quarter, economy shrinks 0.9%

The Fed announced its fourth interest rate hike in as many months as the central bank tries to rein in 4-decade high inflation and prevent a recession.

What recession? Fed forges ahead with jumbo interest rate hike

China is trying to infiltrate the U.S. Federal Reserve and steal information and influence, according to a senior Senate Republican.

China is trying to steal Fed info and recruit employees: Senate report

Calls for boycotts after Walgreens workers refuse to sell birth control over religious beliefs

mark cubans drugs

‘It’s just wrong’: Mark Cuban’s Cost Plus Drugs takes on Big Pharma

The missile strikes penetrated doubt in a deal reached Friday to resume Ukraine grain exports, which have been piling up since Russia's invasion.

Wheat prices spike after Russia attacks Odesa, shaking confidence in export deal

Netflix lost 1 million subscribers last quarter, but its stock is up and its CEO believes the death of linear TV is just a few years away.

Netflix CEO Hastings predicts linear TV will be dead in a few years

Mellody Hobson is one of the most powerful women in corporate America, breaking barriers across finance and the National Football League.

From finance to football, Mellody Hobson is shaking up corporate America

After two years of pent up demand from the pandemic, weddings are back and more expensive than ever, for couples and for guests.

5 reasons weddings are more expensive than ever this year

The maker of Skittles is facing a major lawsuit over accusations that it is using a toxic ingredient in its artificial coloring.

Lawsuit claims Skittles are unsafe because of toxic ingredient

Economic conditions have experts arguing whether the U.S. is heading toward a recession or is already in one. Here's who makes the final call.

Think a recession is 2 consecutive quarters of negative growth? Think again.

If Elon Musk is forced to pay Twitter a $1 billion breakup fee for backing out of the deal to acquire the company, it won't break a record.

Elon Musk might pay Twitter $1 billion breakup fee. Here’s the most expensive.

The U.S. hasn't seen inflation this high since 1981, raising the possibility the Fed may implement an historic interest rate hike to tame it.

Investors predict supersized interest rate hike by Fed after red-hot inflation

The state of Texas has become home to 54 Fortune 500 companies, more than any other state in the United States of America.

Why are Fortune 500 companies obsessed with Texas?