Business News
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US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws
The U.S. Treasury Department says it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws
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Supreme Court agrees to hear watchdog lawsuit seeking records on Elon Musk’s DOGE
The Supreme Court has agreed to hear arguments in a watchdog’s lawsuit seeking public records about billionaire Elon Musk’s Department of Government Efficiency
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Cyberattacks hit European supermarket chains and disrupt refrigeration systems
Cyberattacks have disrupted European supermarket chains, causing refrigeration systems to overheat at hundreds of stores in France
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US stocks edge back from their record following the first big batch of profit reports for the summer
The first big batch of summertime profit reports from U.S. companies made waves on Wall Street after topping analysts’ expectations, but many canceled each other out
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Republicans face midterm backlash from factory workers squeezed out of jobs by Trump's tariffs
President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised
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IMF raises its forecast for world growth this year but warns of risks from AI boom and debt
The International Monetary Fund has slightly upgraded its outlook for the world economy for this year, but it's forecasting growth at a still sluggish 3.1%
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Six Flags closes 9 rides after 1 person dies in an incident involving a roller coaster in Georgia
Six Flags has temporarily closed nine roller coasters across six amusement parks
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CVS agrees to pay $315 million to settle Justice Department case over opioid prescriptions
CVS Pharmacy Inc. and various subsidiaries have agreed to pay $315 million to resolve a Justice Department case alleging it unlawfully dispensed medically unnecessary prescriptions of highly addictive opioids
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Big banks post strong Q3 profits, but warn higher rates and inflation could bite
Wall Street’s biggest banks have reported another strong quarter as U.S. consumers continue to pay bills and businesses invest in AI
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US home sales rose in September, but slowed from a year earlier as mortgage rates, prices rose
Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers
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