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Business News

Friday, Sep 7, 2018 at 10:07 AM EDT

Economy Added 201K Jobs in August, Unemployment Steady

Economy Added 201K Jobs in August, Unemployment Steady

Hiring in the United States picked up in August as employers added a strong 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration's ongoing...

Thursday, Sep 6, 2018 at 11:29 AM EDT

CBS Board in Negotiations for CEO Moonves Exit: Sources

CBS Board in Negotiations for CEO Moonves Exit: Sources

The CBS board is deep in settlement talks with CEO Les Moonves that would result in his departure and the appointment of COO Joe Ianniello as his interim replacement, people close to the negotiations told CNBC....

Thursday, Sep 6, 2018 at 09:00 AM EDT

US Productivity Grew at Strong 2.9 Percent Rate in Q2

US Productivity Grew at Strong 2.9 Percent Rate in Q2

The Labor Department on Thursday affirmed last month's report that U.S. productivity increased at an annual rate of 2.9 percent in the second quarter. The government reported few revisions to the productivity...

Thursday, Sep 6, 2018 at 06:17 AM EDT

Hospital Groups Launch Own Company to Make Generic Drugs

Hospital Groups Launch Own Company to Make Generic Drugs

Several major hospital groups Thursday launched their own generic drug company to tackle chronic shortages and high prices. The new company, Civica Rx, plans to start with 14 widely used hospital drugs long in...

Thursday, Sep 6, 2018 at 06:18 AM EDT

Trump Poised to Tax an Additional $200B in Chinese Imports

Trump Poised to Tax an Additional $200B in Chinese Imports

The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world's two biggest economies and likely squeezing...

Wednesday, Sep 5, 2018 at 07:30 PM EDT

Apple and Amazon Pass $1 Trillion - Which Company Is Next?

Apple and Amazon Pass $1 Trillion - Which Company Is Next?

With the $1 trillion valuation mark now behind Amazon and Apple, two more technology companies are quickly closing in on the milestone. Microsoft and Alphabet are the next biggest companies racing to a $1...

Wednesday, Sep 5, 2018 at 04:48 PM EDT

Utah Driver Sues Tesla After Crashing in Autopilot Mode

Utah Driver Sues Tesla After Crashing in Autopilot Mode

A Utah driver who slammed her Tesla into a stopped firetruck at a red light earlier this year while using the vehicle's semi-autonomous function has sued the company, saying salespeople told her the car would...

Wednesday, Sep 5, 2018 at 12:37 PM EDT

Uber Rolls Out Safety Features for Drivers, Passengers

Uber Rolls Out Safety Features for Drivers, Passengers

Uber is aiming to boost driver and passenger safety in an effort to rebuild trust in the brand. The ride-hailing company has created a feature on its app to reach out to passengers and drivers if it detects an...

Tuesday, Sep 4, 2018 at 04:58 PM EDT

Twitter CEO Says Company Isn't Biased, Wants Healthy Debate

Twitter CEO Says Company Isn't Biased, Wants Healthy Debate

Twitter's CEO says the company is not biased against Republicans or Democrats and is working on ways to ensure that debate is healthier on its platform. In prepared testimony released ahead of a House hearing...

Tuesday, Sep 4, 2018 at 04:43 PM EDT

Amazon Reaches $1 Trillion Valuation, a Month After Apple

Amazon Reaches $1 Trillion Valuation, a Month After Apple

Amazon stock briefly hit a $1 trillion market cap Tuesday before falling off and leaving Apple as the only publicly traded U.S. company above the benchmark. Shares of the e-commerce giant rose 1.9 percent to a...

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