business News

Trump’s Economic Plans Have Brought ‘A Lot Of Chaos,’ Ford CEO Says - HuffPost

He's worried about big new tariffs — and the end of support for electric vehicles.

Eggs Soar 15% in a Month With Grocery Shelves Empty Across US - Bloomberg

The great American egg shortage is getting worse.

Trump calls for lower borrowing costs, hinting at clash with Fed - POLITICO

The president's post came only a half hour before the Labor Department reported that inflation climbed last month.

Trump has subdued the Consumer Financial Protection Bureau. So what does this agency do? - CBS News

President Trump and other critics of the agency say it needs to be shut down. Supporters of the agency point to its record of protecting consumers.

Joann, the bankrupt fabrics retailer, is closing 500 of its 800 stores - CNN

Joann, the bankruptcy fabrics and crafts retailer, is closing about 60% of its 800 stores in the coming months as part of its Chapter 11 process.

Scammers using AI to dupe the lonely looking for love - Yahoo

Meta on Wednesday warned internet users to be wary of online acquaintances promising romance but seeking cash as scammers use deep fakes to prey on those...

Watch These Key Tesla Price Levels After The Stock Logs A Five-Day Losing Streak - Investopedia

Tesla shares may remain in the spotlight on Wednesday after logging their fifth losing trading session in a row yesterday. Monitor these crucial chart levels.

Diet drug boom weighs heavily on state budgets - POLITICO

Policymakers are scrambling to find ways to reduce costs — or even dropping coverage.

The New York Stock Exchange is launching an exchange in Texas - CNBC

The NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas.

Spirit Airlines surprising bankruptcy decision turns heads - TheStreet

The popular discount airline has made another decision about its future.

US Core Inflation Rose 0.4% in January, Topping Forecasts - Bloomberg

Lyft Tumbles on Disappointing Outlook; JPM Lowers Price Target - Investopedia

Shares in Lyft are tumbling Wednesday after the ride-hailing company projected first-quarter bookings that lagged estimates amid an ongoing price war with rival Uber Technologies.

Trump says interest rates should be lowered to go 'hand in hand' with his tariffs - CNBC

Trump again switched positions on the Fed, indicating in a social media post Wednesday that interest rates need to come down.

Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal - CNBC

Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.

U.S. Air Force extends Sierra Space contract for upper stage rocket engine - SpaceNews

Sierra Space is positioning the VR35K-A for the launch market but also for in-space propulsion applications

5 Things to Know Before the Stock Market Opens - Investopedia

U.S. stock futures are little changed as investors watch for January inflation data, and Fed Chair Jerome Powell is set to conclude his congressional testimony after telling lawmakers that interest rates are likely to remain elevated. Here's what investors ne…

California Levies $1 Billion Assessment on Insurers for LA Fires - Bloomberg

The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.

From credit cards to medical debt: What may happen to some key consumer protection rules under Trump - CNN

The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now under strict orders to do nothing.

Stock futures slip as traders brace for January consumer inflation report: Live updates - CNBC

Traders were on guard after Federal Reserve Chair Jerome Powell said on Tuesday that the central bank is in no hurry to lower interest rates further.

Apple and Alibaba’s Marriage of Convenience Highlights a Big Tech Shift. Here’s Why and 5 Other Things to Know Today. - Barron's