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Business News

Monday, Mar 11, 2019 at 11:34 AM EDT

Tesla Walks Back Its Plan to Close Most Showrooms

Tesla Walks Back Its Plan to Close Most Showrooms

Tesla is walking back its plan to close most retail stores worldwide in a move the company says will force it to raise prices on most of its electric vehicles. The company still will move to online-only sales...

Monday, Mar 11, 2019 at 08:49 AM EDT

Fed Chief Powell Says Trump Can't Fire Him

Fed Chief Powell Says Trump Can't Fire Him

Federal Reserve Chairman Jerome Powell says political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also...

Saturday, Mar 9, 2019 at 11:47 PM EST

Feds Probe Alleged Prison Cellphone Use by 'Pharma Bro'

Feds Probe Alleged Prison Cellphone Use by 'Pharma Bro'

Federal authorities say are investigating claims that Martin Shkreli has been running his pharmaceutical company from behind bars using a contraband smartphone. The U.S. Bureau of Prisons told The Associated...

Sunday, Mar 10, 2019 at 08:34 AM EDT

"Barbie’s Got Staying Power': The Legendary Doll Turns 60

"Barbie’s Got Staying Power': The Legendary Doll Turns 60

Barbie, that iconic staple of toy stores and childhoods, turns 60 this weekend. And although she might qualify as a senior citizen, retail experts say there’s nothing outdated about the legendary doll. She...

Saturday, Mar 9, 2019 at 01:31 PM EST

Facebook Is Blocking Ads That Target Women With Menopause

Facebook Is Blocking Ads That Target Women With Menopause

Amy Buckalter didn’t give it a second thought when she decided to use Facebook to advertise for her start-up, Pulse, in late 2017. Buckalter knew her male friends saw all sorts of raunchy ads addressing erectile...

Friday, Mar 8, 2019 at 07:54 PM EST

How Facebook Stands to Profit From Its 'Privacy' Push

How Facebook Stands to Profit From Its 'Privacy' Push

At first glance, Mark Zuckerberg's new "privacy-focused vision " for Facebook looks like a transformative mission statement from a CEO under pressure to reverse years of battering over its surveillance practices...

Friday, Mar 8, 2019 at 01:11 PM EST

Here’s What Brands Are Doing For International Women’s Day

Here’s What Brands Are Doing For International Women’s Day

International Women’s Day is a chance for firms to highlight the gender equality work they’re doing and this year many are pushing staff initiatives and charitable work as well as launching advertising...

Friday, Mar 8, 2019 at 04:57 PM EST

US Wages Rise by Most in Decade Even as Hiring Tumbles

US Wages Rise by Most in Decade Even as Hiring Tumbles

The pace of hiring in the United States fell last month to its lowest point in nearly a year and a half, a surprise drop likely reflecting harsh weather and other temporary factors that led most economists to...

Thursday, Mar 7, 2019 at 03:26 PM EST

Goodyear Unveils Flying Car Tire Concept

Goodyear Unveils Flying Car Tire Concept

Sensing a possible shift from conventional automobiles to flying cars, one tiremaker has come up with a tire that doubles as a propeller. Goodyear's Aero tire is designed to support the weight of a vehicle while...

Thursday, Mar 7, 2019 at 11:43 AM EST

Charlotte Russe Closing All Stores; Diesel USA Files for Bankruptcy

Charlotte Russe Closing All Stores; Diesel USA Files for Bankruptcy

There's more bad news for the retail industry. Women's fast-fashion retailer Charlotte Russe announced Thursday that it is going out of business and closing its remaining 416 stores. The liquidation sales...

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