Business News

How major US stock indexes fared Wednesday

Technology companies dragged U.S. stocks sharply lower Wednesday as Wall Street’s tumultuous month continues to churn

Wells Fargo CEO apologizes for comments about…

Wells Fargo CEO Charles Scharf is apologizing for comments he made suggesting it is difficult to find qualified Black executives in the financial industry

Nike, Western Digital rise; Stitch Fix, Steelcase fall

Stocks that moved heavily or traded substantially Wednesday: Nike, Western Digital rise; Stitch Fix, Steelcase fall

New SUV is next step in VW's post-scandal…

Volkswagen is taking its electric offense to the next level

AdChoices Icon

France wants to require fathers to take parental…

France’s president wants to expand paternity leave to one month — and require fathers to take time off with their newborns

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

UN labor agency: Growing rich-poor gap amid COVID pandemic

The U.N. labor agency says the coronavirus pandemic has led to massive drop in income for workers around the world, warning of rising inequality between rich countries that have injected government cash into their economies and poorer countries that can’t

US experts vow ‘no cutting corners’ as vaccine…

A huge study of a single-dose COVID-19 vaccine is getting underway as top U.S. health officials seek to assure a skeptical public they can trust any shots the government ultimately approves

Trump tightens Cuba sanctions as he woos…

Americans won't be allowed to bring cigars and rum home from Cuba or stay at government-owned lodging there under new measures President Donald Trump says will help to financially starve the island's government

German Cabinet approves 2021 budget with high…

Germany’s Cabinet has approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe’s biggest economy tries to lessen the fallout of the coronavirus crisis

AdChoices Icon

China blasts US House bill, denies forced labor…

China is lashing out at the passage of a bill by the U.S. House of Representatives that threatens sanctions over the alleged use of forced labor in China's Xinjiang region, calling the allegation a lie

Utility equipment eyed as possible source of fire…

Federal investigators are looking into whether a huge wildfire near Los Angeles was sparked by Southern California Edison utility equipment

Fendi kicks off hybrid Milan Fashion Week with…

The Italian fashion industry is trying to inject optimism into the most dismal year on record for the luxury sector, staging 23 live runway shows and 37 presentations during a hybrid live-digital Milan Fashion Week that aims to excite consumers and connect with buyers

Hanford contractors agree to pay $58 million fine…

Two companies that do work at a former nuclear weapons production plant will pay fines of nearly $58 million for improperly billing the federal government for thousands of hours of work that were not performed

UK says no-deal Brexit could see 7,000-truck…

The British government says there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after the U.K. makes its economic break from the European Union

MIT professor wins top AI award for cancer, drug…

A Massachusetts Institute of Technology professor using computer science to detect cancer and discover new drugs has won a new $1 million award for artificial intelligence

Wall Street closing sharply lower as tech sector…

U.S. stocks are closing sharply lower as losses accelerated in afternoon trading Wednesday

Reports: Kuwait and the UAE in economic pain amid pandemic

Two oil-rich Arab Gulf states are suffering severe economic blows, as a major credit agency downgraded Kuwait for the first time and the United Arab Emirates acknowledged its economy would contract to a level last seen in 2009

AdChoices Icon

CEO of Minnesota Public Radio's parent to step down

The president and CEO of the parent company of Minnesota Public Radio and American Public Media plans to step down

Ohio sues to block nuclear bailout money from…

Ohio’s attorney general has filed a lawsuit attempting to block the state’s nuclear plants from collecting fees on electricity bills that were authorized in a new law