Resale of homes declines 4.3% in March
LOS ANGELES -- Homebuying this spring is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices.
National Business News
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Jobless claims remain flat at 212,000
The number of Americans filing for unemployment benefits didn't change last week as the labor market continues to defy efforts by the Federal Reserve to cool h…
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Boeing focus of 2 Senate hearings
Boeing was the subject of dual Senate hearings Wednesday as Congress examined allegations of major safety failures at the aircraft manufacturer, which has been…
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Biden: Won’t let U.S. Steel sale occur
PITTSBURGH -- President Joe Biden promised cheering unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a …
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Amazon seeks sales of its checkout tech
NEW YORK -- Amazon wants the public and -- especially other businesses -- to know it's not giving up on its Just Walk Out technology.
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Tesla to call second vote on Musk’s pay package
Tesla Inc. will ask shareholders to vote again on the same $56 billion compensation package for Chief Executive Officer Elon Musk that was voided by a Delaware…
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Tech weighs on markets with major indexes down
NEW YORK -- Sinking technology stocks sent Wall Street lower again on Wednesday, and the S&P 500 fell to its fourth straight loss.
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Union Pacific shipping limits criticized
OMAHA, Neb. -- Union Pacific dramatically reduced its use of temporary limits on some businesses' shipments over the past year after its customers complained, …
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Ford issues recall for battery detection error
NEW YORK -- Ford is recalling more than 456,000 Bronco Sport and Maverick vehicles because of a battery detection issue that can result in loss of drive power,…
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Fed chief calls rate cuts soon unlikely
WASHINGTON -- Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until lat…
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Health care group rises despite hack
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into the company's performance.
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US industrial output gains for 2nd month
U.S. industrial production rose for a second month in March, aided by a larger-than-expected increase in factory output as manufacturing shows further signs of…
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US home construction slows as demand eases
New home construction in the United States slowed last month as a leveling off in interest rates has given way to a lull in housing demand and caution among bu…
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Tesla to cut 10% of jobs as sales dip
Tesla Inc. is reducing jobs by more than 10%, part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowi…
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Trump Media sees stock drop 18.4%, nearly 60% off peak
NEW YORK -- The stock price for Donald Trump's social media company slid again Monday, pushing it nearly 60% below its peak set late last month.
