Supreme Court's decision to review the controversial bankruptcy deal involving the maker of Oxycontin means the settlement will remain on hold at least through December.
The U.K. has lowered taxes on draft beers in pubs, in what it's calling its biggest shakeup to alcohol tax in a century. But taxes on other alcoholic beverages are rising, so not everyone is cheering.
The bond markets are being hit hard by the Fed's aggressive rate hikes and recent events including a downgrade of the country's ratings. These are three ways in which that could impact the U.S.
In a 3-1 vote, California's transportation regulator allows self-driving car companies to expand their programs in the state — despite opposition from police and fire departments.
Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.
The writers and actors strikes in Hollywood are affecting jobs across the U.S. The Motion Picture Association says film and TV productions employ more than 1.7 million people outside California.
In a fickle media market, Disney's overall revenue grew 4%. Despite declining ad revenue and uncertainty over the Hollywood writers and actors strikes, CEO Bob Iger sees growth opportunities.
The latest megadeal aims to give Tapestry a competitive edge against major European luxury goods conglomerates like Kering and LVMH Moët Hennessy Louis Vuitton.
The Biden administration wants hospitals to do more to make their prices understandable, so that consumers know in advance what a health care service will cost them.
The Labor Department's new cost of living report showed an uptick in inflation last month — for the first time in a year. The 3.2% jump in consumer prices was within expectations.
The executive order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Officials cited national security, rather than economic interests.
