Business News
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Judge blocks Biden administration's rule to expand overtime pay for millions
A federal judge in Texas has blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S. In a Friday ruling, U.S. District Judge Sean Jordan sided with the state of Texas and a group of business organizations that argued the Labor Department exceeded its authority when it finalized a rule earlier this year to significantly expand federal overtime eligibility for salaried workers
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Hundreds of hospitality workers are on strike at a casino near the Las Vegas Strip
Hundreds of Las Vegas hotel workers have gone on strike at a casino near the Strip
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Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debt
Mexico's president has lashed out at Moody’s ratings service after it downgraded the Mexican government’s debt outlook to “negative.”
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MLBPA, FanDuel settle lawsuit over alleged improper use of name, image and likeness
A commercial affiliate of the Major League Baseball Players Association has settled a lawsuit with FanDuel over the alleged unauthorized use of the names and images of MLB players on its sports-betting platform
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General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market
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Retail sales up solidly in October as Americans showed continued willingness to spend
Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth
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Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
U.S. stocks fell to their worst loss since Election Day as the boost that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading
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President of Kentucky plant that exploded says it is 'accountable' for neighborhood damages
The president of a Kentucky plant that exploded earlier this week says the company is accountable and will pay damages to neighbors affected by the blast
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Austria says Russia's Gazprom will cut off natural gas supply this weekend
Austria's chancellor says Russia’s state-owned natural gas company Gazrom will cut off supplies early Saturday to Austrian utility OMV
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Regulators approve North Dakota section of planned 5-state Midwest carbon dioxide pipeline
Utility regulators in North Dakota have approved part of a carbon dioxide pipeline that would span five Midwestern states
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