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Business News

Tuesday, Mar 26, 2019 at 04:03 PM EDT

US Auto Sales Fall as Prices for New Vehicles Jump

US Auto Sales Fall as Prices for New Vehicles Jump

U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new car market, according to a new industry forecast. First-quarter auto sales are...

Tuesday, Mar 26, 2019 at 06:20 PM EDT

Family Who Owns Krispy Kreme, Panera Acknowledges Nazi Past

Family Who Owns Krispy Kreme, Panera Acknowledges Nazi Past

One of Germany's richest families, whose company owns a controlling interest in Krispy Kreme Doughnuts, Panera Bread, Pret a Manger and other well-known businesses, plans to donate millions to charity after...

Tuesday, Mar 26, 2019 at 06:23 AM EDT

The Good, Bad and the Unknown of Apple's New Services

The Good, Bad and the Unknown of Apple's New Services

It took a while, but finally — and with the carefully curated help of Oprah, Big Bird and Goldman Sachs — Apple has at last unveiled a new streaming TV service, its own branded credit card and a news subscripti...

Tuesday, Mar 26, 2019 at 04:20 AM EDT

Uber Acquires Mideast Competitor Careem for $3.1 Billion

Uber Acquires Mideast Competitor Careem for $3.1 Billion

Ride-hailing service Uber announced on Tuesday it has acquired its Mideast competitor Careem for $3.1 billion, making it the largest-ever technology purchase in the region. Uber said in a prepared statement...

Monday, Mar 25, 2019 at 08:20 PM EDT

San Antonio City Council Bars Chick-fil-A From Airport

San Antonio City Council Bars Chick-fil-A From Airport

The San Antonio City Council voted recently to block Chick-fil-A from opening a restaurant at San Antonio International Airport, citing what it called the company's "legacy of anti-LGBT behavior," NBC News...

Monday, Mar 25, 2019 at 11:13 PM EDT

Apple Announces Its Long-Awaited Streaming TV Service

Apple Announces Its Long-Awaited Streaming TV Service

Apple announced a new streaming service, Apple TV Plus, which will house its original shows and movies and could compete with Netflix, Amazon and cable TV itself.

Saturday, Mar 23, 2019 at 12:48 PM EDT

Calif. Restaurant to Pay $34K in Hidden Surcharge Lawsuit

Calif. Restaurant to Pay $34K in Hidden Surcharge Lawsuit

A restaurant along the water at a San Diego resort was slapped with a $34,500 fine to settle a lawsuit filed by the city attorney’s office after the eatery – despite a warning – continued to charge customers...

Friday, Mar 22, 2019 at 01:56 PM EDT

IRS Giving Millions a Pass on Penalties for 2018 Underpayment

IRS Giving Millions a Pass on Penalties for 2018 Underpayment

The IRS once again is making it easier on taxpayers facing unexpected penalties following implementation of the Tax Cuts and Jobs Act. Individuals who failed to pay a certain percentage of their federal tax...

Friday, Mar 22, 2019 at 11:54 AM EDT

GM Announces Jobs, Electric Vehicle After Trump Criticism

GM Announces Jobs, Electric Vehicle After Trump Criticism

Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of...

Friday, Mar 22, 2019 at 11:23 AM EDT

The Bond Market Is Flashing Its Biggest Recession Sign Since Before the Financial Crisis

The Bond Market Is Flashing Its Biggest Recession Sign Since Before the Financial Crisis

Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term...

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