business news
Meta’s Reality Labs posts $4.53 billion loss in second quarter
Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta’s Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money. The social media company reported […]
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Trump ends de minimis exemption for global low-cost goods
A U.S. postal worker delivers Amazon boxes outside of the New York Stock Exchange on Oct. 11, 2018. Spencer Platt | Getty Images President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any […]
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High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer
High Noon vodka seltzer and Celsius energy drinks. Kevin Carter | David Paul Morris | Bloomberg | Getty Images High Noon has issued a nationwide recall of one of its popular vodka seltzer drinks, saying some packages may contain Celsius energy drink cans filled with the alcoholic beverage. The cans, labeled as Celsius Astro Vibe […]
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Woman pleads guilty in $30M scam that sold access to Trump fundraiser, fake U.S. residency
The complaint and affidavit in support of an arrest warrant against Sherry Xue Li and Lianbo “Mike” Wang is photographed on Monday, July 18, 2022. Department of Justice | AP A New York woman pleaded guilty Wednesday in connection with a years-long $30 million investment scam that, among other things, sold foreign nationals access to […]
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JPMorgan to enable crypto purchases via credit cards in Coinbase tie-up
Exterior view of JPMorgan Chase & Co. branch on January 14, 2025 in New York City, New York. Kena Betancur | View Press | Corbis News | Getty Images U.S. banking giant JPMorgan partnered with Coinbase on Wednesday to allow customers to fund their wallets using its Chase credit cards and buy cryptocurrency on the exchange starting in […]
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These stocks have dividends that beat the market — and the companies aren’t stretching to pay out, says Bank of America
Income-focused investors can find attractive dividends in the market right now, but should dig beneath the surface before buying, according to Bank of America. High dividend yields can sometimes mask issues inside companies. Those payout can also be in danger of being cut if corporations run into trouble. For example, Whirlpool currently yields over 8%, […]
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Trump imposes universal 50% tariff on copper imports, White House says
Copper pipes are displayed in a home rebuilding store on July 9, 2025 in New York City. Spencer Platt | Getty Images President Donald Trump on Wednesday signed on order imposing a universal 50% tariff on copper imports, the latest metal he has targeted with a steep import tax. The new, higher copper tariffs go […]
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U.S. sanctions Brazilian judge targeted by Trump over Bolsonaro case
The Minister of the Supreme Court of Brazil, Alexandre de Moraes, participates in the plenary session of the Supreme Court (STF) in Brazil on Feb. 20, 2025, after the Attorney General’s Office (PGR) indicts the former president of Brazil, Jair Bolsonaro, for plotting a coup d’etat in 2023. Ton Molina | Nurphoto | Getty Images […]
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Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
Key Points The Federal Open Market Committee voted 9-2 to keep the federal funds rate set in a range between 4.25%-4.5%. The decision was met with opposition from governors Michelle Bowman and Christopher Waller, both of whom have advocated for the Fed to start easing. This was the first time since late 1993 that multiple […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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