Monopoly concerns push FTC to sue to block Amgen's more than $26B deal for Horizon
Federal regulators are suing to block biotech drug developer Amgen’s more than $26 billion deal for Horizon Therapeutics
2023-05-17 00:48
Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas
Consumers picked up their spending modestly in April from March, particularly in dining out and online, buoyed by a solid job market and easing inflationary pressures
2023-05-16 23:58
Rain-swollen rivers flood some towns in north Italy; Venice prepares to raise mobile dike in lagoon
Rivers swollen by days of downpours have flooded some towns in northern Italy
2023-05-16 23:51
Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing
Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities
2023-05-16 23:50
ChatGPT's chief testifies before Congress as concerns grow about artificial intelligence risks
The head of the artificial intelligence company that makes ChatGPT is testifying before Congress as lawmakers call for new rules to guide the rapid development of AI technology
2023-05-16 22:54
EU countries adopt law banning products which fuel deforestation
The 27 European Union countries have formally endorsed a law that should help the bloc reduce its contribution to global deforestation by regulating the trade in a series of goods
2023-05-16 22:50
Retail sales up 0.4% in April from March, buoyed by solid job market, easing inflationary pressures
Consumers picked up their spending in April from March, buoyed by a solid job market and easing inflationary pressures
2023-05-16 20:54
Lebanese central bank governor no-show in Paris corruption probe
Lebanon’s embattled central bank governor has failed to appear before French prosecutors in Paris, questioning him in the ongoing European money-laundering and illicit enrichment probe
2023-05-16 20:53
Union for Canada's second biggest airline says pilots issue 72-hour strike notice
The union for Canada’s second biggest airline have issued a 72-hour strike notice to WestJet and they warn the airline could be shut down before the weekend
2023-05-16 20:15
Home Depot, after years of explosive growth, cuts its outlook as Americans cool spending on homes
The Home Depot’s robust growth during the coronavirus pandemic is starting to slow as anticipated, with the retailer’s fiscal first-quarter revenue missing Wall Street’s estimates and a key sales figure declining
2023-05-16 19:56
Stock market today: US futures point lower after shaky start to big retail week, sluggish China data
Wall Street is pointing lower after data showed China’s economy is weaker than expected, while Home Depot cut its profit and sales outlook for the year, signaling a pullback in spending by Americans strapped by inflation and anxious about a possible recession
2023-05-16 19:51
Oil Demand to Rise More Than Expected on China, IEA Says
Global oil demand will climb more strongly than previously estimated this year as a post-pandemic rebound in China
2023-05-16 19:49