Business
SeongJoon Cho/Bloomberg via Getty Images (NEW YORK) — Shares of Boeing fell in early trading on Monday, one day after a Boeing model 737-800 was involved in the Jeju Air plane crash in South Korea that killed scores of passengers. The stock price dropped more than 4% at the open of trading on Monday morning. The slide came hours […]
CHRIS KLEPONIS/AFP via Getty Images (WASHINGTON) — President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national security. “Without domestic steel production and domestic steel workers, our nation is less strong and less secure,” Biden […]
(Phillip Spears/Getty Images) (NEW YORK) — Homebuyers eager to forget this year’s housing market may ring in 2025 with an extra dash of zeal. A rapid rise in home prices has coincided with stubbornly high mortgage rates, shutting out potential buyers with daunting costs. A burst of supply could have eased prices, but no such […]
Eric Thayer/Bloomberg via Getty Images (NEW YORK) — Nearly half of U.S. states are set to raise their minimum wage at the outset of 2025, boosting pay for millions of workers stretching from California to Maine. In all, 21 states will raise their wage floors on Jan. 1 in keeping with inflation-adjusted increases or as part of scheduled hikes […]
Jin Lee/Bloomberg via Getty Images (NEW YORK) — The fund disbursing money to the victims of Bernie Madoff’s legendary Ponzi scheme began its 10th and final distribution on Monday, putting another $131 million in the pockets of swindled investors. Twenty-three thousand victims worldwide are receiving payments, bringing their total recoveries to 94% of their losses. […]
Chesnot/Getty Images (NEW YORK) — The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitcoin strategic reserve akin to its strategic oil reserve. The world’s largest cryptocurrency has seen its price climb more than 50% since the […]
Matteo Colombo/Getty Images (NEW YORK) — The stock market climbed to record highs in 2024, extending banner gains achieved the previous year. The S&P 500 — the index that most people’s 401(k)’s track — climbed nearly 28% this year, as of Monday. The tech-heavy Nasdaq leapt a staggering 34% over that period; while the Dow […]
Rebecca Noble/Getty Images (NEW YORK) — Two weeks before the Supreme Court is set to hear oral arguments over TikTok’s future, President-elect Donald Trump has asked the justices to delay a Jan. 19 deadline for the app to be sold to a new owner or face a ban in the U.S. An amicus brief filed […]
ABC News Amazon delivery drivers and third-party workers for the nation’s predominant shopping platform have walked off the job in the past week, seeking what they consider a fair labor agreement — and triggering widespread concern among consumers about a potential disruption of deliveries amid a surge of last-minute shopping just before Christmas. But experts […]
Alexandr Kolesnikov/Getty Images (NEW YORK) — Holiday spending surged in 2024, blowing past expectations and outpacing customer purchases over the gift-buying season last year, according to data released on Thursday by Mastercard SpendingPulse, which gauges in-store and online retail sales. The end-of-year flex of consumer strength marks the latest indication of resilient U.S. buying power, which has […]
