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News Articles: Business

A U.S. Customs and Border Protection technician examines overseas parcels after they were scanned at the agency's overseas mail inspection facility at Chicago's O'Hare International Airport on Feb. 23, 2024.

Tagged as: 

  • Economy

Trump has imposed a lot of tariffs. But here's why collecting them can be hard

Collecting Trump's tariffs could be tricky. The agencies that screen imports say they're frequently overwhelmed and understaffed, and experts say exporters are becoming cannier at evading taxes.

May 20, 2025
|
By:
  • Emily Feng
A syndicated, AI-generated summer reading list featuring fake books by real authors was published in major newspapers this week. Above, a reader enjoys the sunshine in Hyde Park in London in 2009.

Tagged as: 

  • Books

How an AI-generated summer reading list got published in major newspapers

Newspapers around the country, including the Chicago Sun-Times and at least one edition of The Philadelphia Inquirer, published a syndicated book list featuring made-up books by famous authors.

May 20, 2025
|
By:
  • Elizabeth Blair
Refrigerators are on display at a Home Depot store in Orlando, Fla.

Tagged as: 

  • Business

Home Depot doesn't plan to raise prices due to tariffs. But some items may disappear

The home improvement chain broke from many other retailers, who say they cannot afford to absorb new tariffs. President Trump recently attacked Walmart for warning of price hikes.

May 20, 2025
|
By:
  • Alina Selyukh
President Trump hopes to encourage more U.S. manufacturing with his import taxes on foreign goods. But an online experiment suggests most people aren't willing to pay a premium for a "Made in the USA" product.

Tagged as: 

  • Economy

What a Texas showerhead salesman discovered about 'Made in the USA' labels

A Texas showerhead salesman wanted to know how much more customers would pay to buy a product that's made in the USA. The answer could pour cold water on President Trump's plan to encourage more companies to open factories in the U.S.

May 20, 2025
|
By:
  • Scott Horsley
CBS News President Wendy McMahon resigned on Monday. Here, McMahon (second from left) stands with former <em>60 Minutes</em> Executive Producer Bill Owens and two of the show's correspondents, Cecilia Vega and Scott Pelley, at the CBS fall schedule celebration held at Paramount Studios in May 2024.

Tagged as: 

  • Media

President of CBS News resigns as Trump lawsuit hovers over network

CBS News President Wendy McMahon says she's resigning because "the company and I do not agree on the path forward." CBS' parent company is trying to settle a lawsuit with President Trump.

May 20, 2025
|
By:
  • David Folkenflik
President Trump addresses the Bitcoin 2024 conference at Music City Center in Nashville, Tenn., when he was still a candidate.

Tagged as: 

  • Business

How President Trump is sparking a crypto revolution in America

Crypto exchange giant Coinbase is set to join the S&P 500 on Monday. It's the latest stunning development as Trump completely revamps the approach to crypto in the U.S.

May 19, 2025
|
By:
  • Rafael Nam
Even foods you may not guess would have food coloring added often do, like pickled banana peppers.

Tagged as: 

  • Health

A pickled pepper maker knows exactly how hard it is to switch to natural food dyes

The MAHA movement loves the idea of getting rid of synthetic dyes in foods. But manufacturers face challenges that could drive prices higher.

May 19, 2025
|
By:
  • Yuki Noguchi
Ursula von der Leyen, president of the European Commission, left, and Keir Starmer, prime minister of the U.K., greet each other, ahead of their bilateral meeting at the 6th European Political Community summit on May 16 in Albania.

Tagged as: 

  • Europe

5 years since Brexit, Britain and the EU announce fresh ties

With a war in Ukraine and the U.S. rethinking alliances, Britain and the European Union may need each other more than they thought. Here's what happened at Monday's summit — and what didn't.

May 19, 2025
|
By:
  • Lauren Frayer
The Verizon logo is displayed on the exterior of a Verizon store. The FCC approved its $20 billion deal to buy Frontier Communications, a day after Verizon told the U.S. regulator that it would end many of its diversity-related policies.

Tagged as: 

  • Business

Verizon ends DEI policies to get FCC's blessing for its $20 billion Frontier deal

It's the latest big company to back away from its diversity pledges to keep the U.S. government happy.

May 19, 2025
|
By:
  • Maria Aspan
The BioLab plant in Conyers, Ga. is seen on Dec. 18, 2024, nearly three months after a Sept. 29 fire that left a weekslong chemical plume in the area.

Tagged as: 

  • News

Georgia chemical plant halts production following leak investigation

After a September fire, chemical maker BioLab is closing its plant in metro Atlanta's Rockdale County.

May 16, 2025
|
By:
  • Pamela Kirkland and
  • Orlando Montoya
Cox Enterprises headquarters building in Sandy Springs, Ga.

Tagged as: 

  • Business

U.S. cable giants Charter and Cox, under assault by streaming services, pursue $34.5B merger

Charter Communications is merging with Cox Communications in an approximately $34.5 billion deal that brings together two of the biggest cable companies in the country. 

May 16, 2025
|
By:
  • Associated Press
Merit Systems Protection Board member Cathy Harris (left) and National Labor Relations Board member Gwynne Wilcox (right) were fired by President Trump earlier this year.

Tagged as: 

  • Politics

2 officials fired by Trump return to court to challenge his power

Cathy Harris and Gwynne Wilcox, Democratic board members of independent agencies, argue that President Trump lacked the authority to fire them, citing federal law and Supreme Court precedent.

May 16, 2025
|
By:
  • Andrea Hsu
A trader on the floor of the New York Stock Exchange.

Tagged as: 

  • Business

Why UnitedHealth's terrible year is dragging down the Dow

The health care giant's shares are down more than 50% in the last month. That's hurting the powerful U.S. stock-market index.

May 16, 2025
|
By:
  • Maria Aspan
Shopper pushes a basket into the produce section of a Walmart store in Englewood, Colo.

Tagged as: 

  • Business

Walmart says higher prices from tariffs coming as soon as this month

The world's largest retailer says it won't be able to absorb all the costs from higher tariffs on imported goods, particularly from China. Already in April, shoppers began tightening their budgets as retail spending did not grow much compared to March.

May 15, 2025
|
By:
  • Alina Selyukh
People walk by a Foot Locker store in Chicago.

Tagged as: 

  • Business

Dick's Sporting Goods is buying Foot Locker for $2.4 billion

Together, the two retailers will have to wade the choppy waters of new tariffs on imports, including footwear. And they'll face the growing competition from shoe brands selling directly to shoppers.

May 15, 2025
|
By:
  • Alina Selyukh
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