Business News

NEW YORK -St. Louis Federal Reserve Bank President James Bullard said he sees the unemployment rate falling below 3% this year, a jobless rate the U.S. economy last seen in …

By David Shepardson WASHINGTON -Members of the United Auto Workers (UAW) will directly elect officers after a referendum required as part of a 2020 Justice Department settlement to resolve a …

– St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank’s meeting in March and likely again in May, but he …

By Yoruk Bahceli – A record amount of more than half a trillion dollars of debt was raised in January by companies as issuers scrambled to take advantage of attractive …

By Lucia Mutikani WASHINGTON – A measure of U.S. manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 cases, supporting the view that economic growth …

By Sabrina Valle HOUSTON – Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from …

By Dietrich Knauth and Tom Hals – A federal judge on Tuesday extended a legal shield protecting the Sackler family owners of Purdue Pharma from lawsuits to Feb. 17, as …

Tesla is recalling thousands of vehicles due to a software glitch enabling the cars to run through stop signs. The company will recall 53,882 2016-2022 Model S and Model X, …

Police are investigating a massive brawl that broke out inside a Bensalem, Pennsylvania, buffet Friday evening. Customer Alexis Rios said the fight was started by a steak-related misunderstanding, according to …

TULSA, OK – All Bob Morton wanted for Christmas was a dinosaur, but he didn’t get one. So he went to the American Association of Petroleum Geologists and stole theirs …

By Jeffrey Dastin – When Amazon.com Inc on Thursday reports how it fared during the holiday quarter, a key question will be if the retailer will finally raise the price …

By Krystal Hu and Chibuike Oguh – Buyout firm KKR & Co Inc is exploring a sale or an initial public offering for Optiv Security Inc, a U.S. cybersecurity solutions …

WASHINGTON – U.S. job openings increased to near record highs in December, suggesting a deceleration in employment growth at the end of last year was largely the result of worker …

WASHINGTON – U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president …

BELLMAWR, NJ – During the COVID-19 pandemic, U.S. Congressman Andy Kim was one of Governor Phil Murphy’s biggest lockdown cheerleaders. Kim praised the governor for his actions during the pandemic …

TORONTO – Canadian manufacturing activity expanded at the joint-slowest pace in 11 months in January as material shortages and disruptions from the Omicron coronavirus variant held back output, data showed …

– Private equity firms Blackstone Inc and Carlyle Group Inc are in talks about potentially teaming up on a bid for Swiss drugmaker Novartis’ generics unit, Bloomberg News reported on …

By Brenna Hughes Neghaiwi ZURICH -UBS on Tuesday reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals …

By Julie Gordon OTTAWA -Canada’s economy climbed to above pre-pandemic levels for the first time in November, bolstering a strong fourth quarter even as activity stagnated in December with the …

By Mike Stone WASHINGTON -Lockheed Martin Corp said on Tuesday it named Jesus “Jay” Malave, who was senior vice president and CFO at L3Harris, as the company’s chief financial officer, …

NEW YORK -It may be appropriate for the Federal Reserve to raise interest rates four times this year, and to move more aggressively if the factors leading to higher inflation, …

BRUSSELS – Euro zone unemployment fell to its lowest level on record in December, data showed on Tuesday, testament to the strength of the economic recovery and the effectiveness of …

By Supantha Mukherjee and Tiyashi Datta – The New York Times Co’s acquisition of Wordle has created uproar on social media, with fans expressing fears that the popular online word …

– Home Depot Inc said on Tuesday it would hire more than 100,000 workers across its stores and warehouses, as the retailer gears up for its key spring selling season …

By Tina Bellon – Some vehicles equipped with automated assistance technology aimed at keeping drivers alert and watching the road fail at that job, an American Automobile Association study found …