business news
Labor Secretary Lori Chavez-DeRemer leaves Trump cabinet, Keith Sonderling takes over
Labor Secretary Lori Chavez-DeRemer speaks during a news conference in the U.S. Capitol on the government shutdown on Tuesday, November 4, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Department of Labor Secretary Lori Chavez-DeRemer is resigning from the Trump administration, the White House said Monday. Chavez-DeRemer, 58, will “take a position in […]
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Apple taps John Ternus as CEO to replace Tim Cook, who will become chairman
John Ternus, senior vice president of hardware engineering at Apple Inc., during an Apple event in New York, US, on Wednesday, March 4, 2026. Adam Gray | Bloomberg | Getty Images Apple said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1. […]
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Stocks making the biggest moves after hours: Amazon, Apple, Steel Dynamics and more
Check out the companies making headlines after the bell : Zions — Shares slipped almost 3% after the regional bank reported net interest income in its first quarter of $662 million, coming in below the $674.5 million analysts polled by StreetAccount had anticipated. However, Zions’ earnings of $1.56 per share beat the consensus forecast of […]
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Amazon to invest up to another $25 billion in Anthropic as part of AI infrastructure deal
Andy Jassy, CEO of Amazon, speaking with CNBC at the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. CNBC Amazon has agreed to invest up to $25 billion in Anthropic, on top of the $8 billion that it’s poured into the artificial intelligence startup in recent years, as part of an expanded agreement to […]
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Amazon ‘strong-armed’ Levi’s, Hanes to hike prices on rival sites, California DA says
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon pressured major brands like Levi Strauss & Co and Hanes to inflate prices of listings on rival online marketplaces as […]
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Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, ranging from Target to Walmart, are due more than $160 billion in tariff refunds following a February Supreme Court decision as the Trump administration launches its claims filing portal Monday. Hopes are high for a smooth launch of the system that will facilitate the refunds, but companies and Wall Street analysts are tempering […]
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Hormuz disruptions hit China’s Christmas capital — and holiday spending
Christmas is still eight months away, but artificial tree maker Lou Liping is already worried about a bad holiday season due to the Iran war. Lou’s company, Kitty Christmas Factory, has been making artificial trees for the U.S. and European markets for nearly three decades. Her facility is based in the city of Yiwu, known […]
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How Trump’s psychedelics executive order could unlock stalled cannabis reform
Advocates attend a news conference about the “impact of incarcerating those charged with marijuana-related offenses,” and policy reform ideas, outside the U.S. Capitol on April 20, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images A White House executive order on psychedelics, signed by President Donald Trump on Saturday, aims to speed up research […]
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Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Federal Reserve chair nominee Kevin Warsh said Monday the central bank must be largely independent of political influence but also should stay focused on its primary goals. In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market. “Simply […]
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Trump threatens Iran again as ceasefire deadline looms, U.S. gears up for peace talks
US President Donald Trump speaks to the press before departing from the South Lawn of the White House in Washington, DC, on April 16, 2026. Brendan Smialowski | AFP | Getty Images President Donald Trump on Monday again threatened Iran with overwhelming military force, saying “lots of bombs [will] start going off” if no deal […]
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