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News Articles: Business

Tires of a truck are pictured at a gas station in Frankfurt, Germany, Jan. 27. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but fuel costs have already jumped since the war started and they could rise again.

Tagged as: 

  • World

Europe is set to ban Russian oil products, the latest strike on the Kremlin war chest

Starting Sunday, the EU will prohibit imports of Russian gasoline, diesel and other products from Russian refineries used throughout Europe.

February 04, 2023
|
By:
  • Jackie Northam
Elon Musk, center, leaves a federal courthouse in San Francisco on Feb. 3. A high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened drew a surprise spectator for Friday's final arguments — Elon Musk, the billionaire who is being accused of misleading investors with his usage of the Twitter service he now owns.

Tagged as: 

  • Business

A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets

The verdict by the nine jurors was reached after less than two hours of deliberation following a three-week trial and represents a major vindication for Musk.

February 04, 2023
|
By:
  • The Associated Press
GPB News NPR

Tagged as: 

  • Economy

In January, the unemployment rate fell to its lowest in over 53 years

US employers added over 500 thousand jobs last month, far more than forecasters expected. The unemployment rate fell to its lowest level in more than 53 years, and President Biden is taking credit.

February 04, 2023
|
By:
  • Scott Simon and
  • Scott Horsley
Gas utilities and cooking stove manufacturers knew for decades that burners could be made that emit less pollution in homes, but they chose not to. That may may be about to change.

Tagged as: 

  • Climate

Gas stove makers have a pollution solution. They're just not using it

Gas utilities and cooking stove manufacturers knew for decades that burners could be made that emit less pollution in homes, but they chose not to. That may may be about to change.

February 04, 2023
|
By:
  • Jeff Brady
Traders work on the floor of the New York Stock Exchange in New York City on Jan. 18, 2023. Stocks have rallied this year on hopes about the economy, but some fear that optimism is misplaced.

Tagged as: 

  • Business

Markets are surging as fears about the economy fade. Why the optimists could be wrong

The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.

February 04, 2023
|
By:
  • Rafael Nam and
  • David Gura
A 'help wanted' sign is displayed in a window of a store in Manhattan, New York City, on Dec. 2, 2022. U.S. employers added an unexpectedly strong 517,000 jobs in January, showcasing the labor market is red-hot. The unemployment rate fell to its lowest level in more than half a century.

Tagged as: 

  • Economy

U.S. employers added 517,000 jobs last month. It's a surprisingly strong number

U.S. employers added 517,000 jobs in January, as the unemployment rate fell to 3.4% . The job market remains tight, despite signs of a slowing economy.

February 03, 2023
|
By:
  • Scott Horsley
This scanning electron microscope image made available by the Centers for Disease Control and Prevention shows rod-shaped Pseudomonas aeruginosa bacteria. U.S. health officials are advising people to stop using the over-the-counter eye drops, EzriCare Artificial Tears, that have been linked to an outbreak of drug-resistant infections of Pseudomonas aeruginosa.

Tagged as: 

  • Health

Manufacturer recalls eye drops after possible link to bacterial infections

EzriCare artificial tears are suspected to be the cause of an outbreak of the VIM-GES-CRPA strain of Pseudomonas aeruginosa, which the CDC said is the first outbreak of its kind in the U.S.

February 03, 2023
|
By:
  • Ayana Archie
Beyoncé performs at the Oscars in March 2022. Her "Renaissance" World Tour later this year will mark her first solo tour since 2016.

Tagged as: 

  • Music News

Beyoncé's Renaissance tour is Ticketmaster's next big test. Fans are already stressed

The first round of tickets to Beyoncé's highly anticipated Renaissance world tour go on sale next week. Ticketmaster is under pressure to avoid a repeat of the Taylor Swift debacle in November.

February 02, 2023
|
By:
  • Rachel Treisman
Amazon packages move along a conveyor at an Amazon warehouse in Arizona.

Tagged as: 

  • Business

Amazon reports its first unprofitable year since 2014

The biggest culprit was Amazon hefty investment in the electric automaker Rivian, whose value plummeted last year. Amazon also contends with the need to recalibrate after a pandemic-era upsurge.

February 02, 2023
|
By:
  • Alina Selyukh
A TikTok official gives a tour of the company's Transparency and Accountability Centers in the Los Angeles area.

Tagged as: 

  • Technology

TikTok officials go on a public charm offensive amid a stalemate in Biden White House

The hit video app is facing an existential crisis, and it is hoping promoting its reorganization will help convince Americans that it is independent from its Chinese owner.

February 02, 2023
|
By:
  • Bobby Allyn
A Tesla car is displayed at a showroom and service center for the auto maker in Amsterdam on Oct. 23, 2019. Tesla recently cut prices across the board, a move with big potential ramifications for the automaker as well as for the industry.

Tagged as: 

  • Business

Tesla slashed its prices across the board. We're now starting to see the consequences

Tesla's recent price cuts continue to reverberate, forcing Ford to follow suit while leaving Tesla owners feeling aggrieved. Here's how the move by the market leader has shaken the car industry.

February 02, 2023
|
By:
  • Camila Domonoske
Activists from Greenpeace set up a mock-petrol station price board displaying the Shell's net profit for 2022.

Tagged as: 

  • World

Shell reports record profits as energy prices soar after Russia's invasion of Ukraine

Energy companies have been reporting blockbuster profits since last year, after Russia's invasion of Ukraine sent oil prices sharply higher.

February 02, 2023
|
By:
  • Willem Marx
Gautam Adani, billionaire and chairman of Adani Group, speaks during an event at Israel's Port of Haifa, on Tuesday. The Indian billionaire, whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said his company will make more investments in Israel.

Tagged as: 

  • World

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

February 02, 2023
|
By:
  • Sushmita Pathak
Australian $5 notes are pictured in Sydney on Sept. 10, 2022. King Charles III won't feature on Australia's new $5 bill, the nation's central bank announced Thursday, Feb. 2, 2023, signaling a phasing out of the British monarchy from Australian bank notes, although he is still expected to feature on coins.

Tagged as: 

  • World

Australia's central bank says it will remove the British monarchy from its bank notes

Australia's central bank says its new $5 bill would feature an Indigenous design rather than an image of King Charles III. But the king is still expected to appear on coins.

February 02, 2023
|
By:
  • The Associated Press
Customers dine at a Japanese conveyor belt sushi restaurant restaurant in Tokyo on Jan. 22, 2020.

Tagged as: 

  • Arts & Life

Japan's conveyor belt sushi industry takes a licking from an errant customer

The public's reaction to reports of one customer defiling utensils at sushi eateries suggests it's a brazen assault on two things of which Japanese are very proud, their sushi and their manners.

February 02, 2023
|
By:
  • Anthony Kuhn
  • Load More

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