Business News

California Gov. Gavin Newsom Signs Contract…

​Gov. Gavin Newsom signed Assembly Bill 5 into law on Wednesday after state legislators passed the bill last week.

Big money urges governments to tackle climate change

A group of more than 500 major institutional investors is calling on governments to boost efforts to tackle climate change, ahead of a U.N. summit on the issue next week

Facebook still auto-generating Islamic State…

Whistleblower's complaint shows that Facebook has inadvertently provided extremist groups Islamic State and al-Qaida with a networking and recruitment tool by still producing dozens of pages in their names

Federal Reserve Cuts Rates Amid Uncertain Global…

The Fed cut interest rates for the first time since the 2008 global downturn, and injected $75 billion into the economy to offset funding shortages.

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The Latest: Union protesters arrested at Tennessee GM plant

A United Auto Workers official says about seven to nine union picketers were arrested for blocking a roadway at a General Motors plant in Tennessee

Johnson faces Brexit flak from EU lawmakers and…

British Prime Minister Boris Johnson has been accused by European Union officials of failing to negotiate seriously and branded the "father of lies" by a lawyer in the U.K. Supreme Court.

AT&T Sued For Allegedly Inflating DirecTV Now…

Employees allegedly used fake email addresses and customers financial information to charge them for subscriptions.

Business Highlights

Oil price drops for 2nd day despite heightened…

Oil prices continued to slide even as the Saudi military blamed Iran for recent attacks to critical oil infrastructure

How major US stock indexes fared Wednesday

Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve delivered an expected cut in interest rates

Striking workers question whether UAW leaders can…

With corruption probe in the background, many striking UAW workers wonder whether union leaders can be trusted

Markets Right Now: Stocks sink then recover after…

Stocks are rebounding at the close of trading, led by banks and big tech names, after the Federal Reserve delivered an expected cut in interest rates.

What the Fed's rate cut means for you

The Fed has lowered its benchmark rate but impact on consumers may be muted

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Saudi-led group to construct gas pipeline in Bulgaria

Bulgaria has signed 1.1 billion-euro construction contract ($1.2 billion) with a Saudi-led group for a natural gas pipeline that would link to the TurkStream pipeline project

Creativity without the pressure at 'paint and sip' studios

''Paint and sip" studios where adults can spend evenings out learning to make art in a relaxed, BYOB setting have become a global sensation in recent years

Paris tests new bubble-shaped water taxi

Paris is testing out a new form of travel: an eco-friendly bubble-shaped taxi that zips along the water up and down the Seine River

Google ads: effective, a little frustrating, businesses say

Google's dominance of the online search and advertising markets has led to government antitrust investigation of the tech giant, but small businesses say it's worth it despite the cost

Humana co-founder David Jones Sr. dies

David A. Jones Sr., who invested $1,000 to start a nursing home company that eventually transformed into health insurance giant Humana Inc., has died at age 88. Jones served as Humana's CEO for 37 years and as its board chairman for 44 years

Text of the Fed's statement after its meeting Wednesday

The full text of the Federal Reserve's policy statement after its meeting Wednesday

BA pilots call off planned 24-hour strike, urge 'cool heads'

British Airways pilots have called off a planned 24-hour strike in their dispute with the airline over pay

FedEx shares tumbles after company lowers full-year outlook

FedEx shares plunge on disappointing profit and a sharp cut in its forecast for full-year earnings

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US home building climbs 12.3% in August to…

US home building climbs 12.3% in August to highest level since 2007

Facebook slashes price, size of Portal video call…

Facebook is slashing the price and the size of the Portal, its screen and camera-equipped gadget for making video calls with friends and family as it attempts to get the device into more homes