Business

London's Heathrow Airport is asking airlines to stop selling tickets for the rest of the summer after failing to keep up with unprecedented travel growth.

London’s Heathrow Airport latest to ask airlines to stop selling summer tickets

Twitter shares sank 6% at Monday's market open as investors react to Elon Musk backing out of his deal to buy the company.

Twitter shares sink ahead of legal fight after Elon Musk abandons buyout

There are plenty of warning signs of an oncoming recession in the U.S., from record, rising inflation to falling oil prices.

Inflation, oil, stocks lead 5 signs of imminent recession

Americans have been desperate for gas price relief, but after a precipitous drop in crude oil prices this week, analysts saw it as a sign of trouble ahead.

Oil price slump is good for gas prices but driven by recession fears

The euro is close to reaching parity with the dollar, where $1 would buy €1. The euro price against the dollar dipped under $1.03 Tuesday.

Weakening euro hits 20-year low against dollar over recession fears, energy crisis

Elon Musk's SpaceX got authorization from the FCC this week to provide mobile Starlink internet service to boats, plane and automobiles.

FCC authorizes Elon Musk’s Starlink internet service for planes, trucks, boats

Fireworks, airlines and oil companies to profit most over Fourth of July

Stock market skids to worst start of the year since 1970, S&P down 21%

Texas Attorney General Ken Paxton is investigating Walmart over the opioid crisis.

Texas AG investigates Walmart over opioid prescriptions, suspicious orders

The head of the FCC urged Apple and Google to remove the TikTok app from their stores over data-security concerns connected to China.

FCC commissioner calls on Apple, Google to drop TikTok over security concerns

The FAA and airlines are going at it ahead of Fourth of July weekend.

Airlines, FAA spar ahead of busy Fourth of July travel weekend

Retailers like Walmart, Target and Gap are considering having customers keep their returns while also offering full refunds.

Walmart, stores suffering ‘bullwhip effect’ weigh letting customers keep returns

The Persian Gulf is home to more than half of the world's oil reserves, but one major producer is looking to diversify with oil output at a 'maximum.'

Oil giant UAE looks to be dual threat with massive clean energy investments

Companies are limiting access to abortion and emergency contraceptive pills.

Facebook, Amazon limit access to emergency contraceptive, abortion pills

Pending home sales see surprise increase in May amid wider market cooldown

Trump Media, Buzzfeed, Beachbody top list of biggest SPAC busts

Tesla topped the list of most American-made cars.

Tesla tops list of most American-made cars as VW poses EV challenge

Retirees flood job market amid rising inflation

Kellogg announced plans to split into three independent public companies to represent cereal, snacking and plant-based products.

Kellogg spinning off iconic cereal business, splitting into 3 companies

Elon Musk addressed the Tesla job cuts plan.

Musk talks Tesla job cuts plan as former employees sue over ‘mass layoff’

The departure of executive Rossann Williams is just the latest leadership shakeup at Starbucks, which is still searching for a new CEO.

Leadership change marks latest shakeup at Starbucks

Canceled flights are leading to concerns over summer travel.

Thousands of flights canceled as concerns grow over summer travel

The world of professional sports is rife with anti-competitive practices. Here are five of the biggest leagues operating like monopolies.

From golf to MLB, how these 5 pro sports act as monopolies

Beauty giant Revlon files for bankruptcy, struggles to compete with influencers