Starbucks said Friday it's laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround.
WASHINGTON — U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers.
NEW YORK — Senate Democrats plan to force several votes on the Trump administration's dismantling of the Consumer Financial Protection Bureau, a maneuver aimed at making vulnerable Republicans take politically difficult votes in an election year.
NEW YORK — The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began.
NEW YORK — It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings are not immune when oil shipments from the Middle East are constrained.
WASHINGTON — The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
WASHINGTON — American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal February. And the unemployment rate dipped to 4.3%.
Leslie Sherman-Shafer, an Uber driver in the San Francisco Bay Area, likes to start each shift with a full tank of gas.
NEW YORK — Hopes for a possible end to the war with Iran are pushing stocks higher again on Wall Street Wednesday, while oil prices ease.
Fortnite publisher Epic Games said Tuesday it is laying off 1,000 employees to save money as it grapples with industry-wide and company-specific challenges. The Cary-based video game publisher said in a memo to employees that the job cuts are not related to artificial intelligence. Rather, t…
The Trump administration will pay $1 billion to a French company to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy.
WASHINGTON — The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate.
NEW YORK — With no clear end in sight, the war with Iran is sending oil prices back to $100 per barrel, and stocks are sinking worldwide on Thursday.
NEW YORK — U.S. stocks are falling sharply Friday after getting a whiff of a worst-case scenario for financial markets: a weakening economy combined with high inflation.
WASHINGTON — American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4%.
NEW YORK — The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA.
NEW YORK — Oil prices are leaping Monday with worries that the Iran war will clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, are swinging between sharp losses and a tiny gain.
Amazon is slashing about 16,000 corporate jobs in the second round of mass layoffs for the ecommerce company in three months.
From family-run cafes to retail giants, businesses are increasingly coming into the crosshairs of President Donald Trump’s mass deportation campaign, whether it’s public pressure for them to speak out against aggressive immigration enforcement or becoming the sites for such arrests themselves.
NEW YORK — Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman of the tech giant.
President Donald Trump made a lot of tariff threats and trade promises this year. Many materialized into a barrage of new import taxes that overturned decades of U.S. economic policy — but others have yet to be fulfilled as 2025 comes to a close.
Since returning to the White House in January, President Donald Trump has overturned decades of U.S. trade policy — building a wall of tariffs around what used to be a wide open economy.
Paramount is sweetening its hostile takeover bid for Warner Bros. Discovery with an "irrevocable personal guarantee" from Larry Ellison, who is putting up billions of dollars to back the deal for his son's company.
NEW YORK — Warner Bros. Discovery is recommending its shareholders reject an unsolicited buyout offer from Paramount Skydance in favor of a rival bid from Netflix it said will better serve their interests and the entertainment company’s audiences.
Cracker Barrel posted lower-than-expected sales in its fiscal first quarter and trimmed its revenue forecast for the year as it continued to feel the fallout from a botched plan to revamp its logo and restaurants.
NEW YORK — Paramount has gone hostile bid for Warner Bros. Discovery, challenging Netflix which reached a $72 billion takeover deal with the company just days ago.
NEW YORK — Netflix has struck a deal with Warner Bros. Discovery, the legacy Hollywood giant behind "Harry Potter" and "Friends," to buy its studio and streaming business for $72 billion.
Editor’s note: This press release was originally sent on May 29. The Dispatch regrets the oversight.
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere.
NEW YORK — A months-long calm on Wall Street is breaking on Friday, and U.S. stocks are falling after President Donald Trump threatened to crank tariffs even higher on China.
Electronic Arts, the maker of video games like "Madden NFL," "Battlefield," and "The Sims," is being acquired for $52.5 billion in what could become the largest buyout ever funded by private equity firms.
Starbucks said Thursday it's closing hundreds of U.S. and Canadian stores and laying off 900 nonretail employees as it focuses more of its resources on a turnaround.
Sandwich maker Potbelly is being acquired by the gas station and convenience store chain RaceTrac for $566 million.
LOUISVILLE, Ky. — GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S. operations in Kentucky, Georgia, Alabama, Tennessee and South Carolina.
Delivery drones are so fast they can zip a pint of ice cream to a customer's driveway before it melts.
LOUISVILLE, Ky. — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models.
HOUSTON — Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade.
NEW YORK — Recent layoffs from technology and media companies and government agencies might have you thinking about job security.
NEW YORK — If Trump watches or sneakers or bibles aren’t your thing, the family business just added another product to show your support for the U.S. president: mobile phones.
GREENSBORO — JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade.
NEW YORK — Stocks rose on Wall Street Friday following a better-than-expected report on the U.S. job market.
HAMLET — Amazon plans to invest $10 billion toward building a campus in North Carolina to expand its cloud computing and artificial intelligence infrastructure, bringing a massive shot in the arm to a region where many textile and apparel jobs dried up a generation ago.
NEW YORK — U.S. President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that's set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further.
WASHINGTON — A little-known federal court threw a giant monkey wrench into a foundational part of President Donald Trump's economic agenda by striking down most of the sweeping tariffs he has imposed since taking office.
WASHINGTON — President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products.
NEW YORK — Volley after volley of new tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad, creating uncertainty for businesses and households.
WASHINGTON — It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump 's crypto projects dining with him at his luxury golf club in Northern Virginia, on the heels of the Senate advancing key pro-crypto l…
NEW YORK — U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and cr…
NEW YORK — Wall Street is careening through a shocking day of trading Monday, catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain about whether President Donald Trump's trade war will torpedo the global economy.
NEW YORK — The sell-off for financial markets worldwide is slamming into an even higher, scarier gear on Friday.
FRANKFURT, Germany — U.S. President Donald Trump's s weeping new tariffs shocked governments and investors, provoking dismay, threats of retaliation and calls for negotiations to rescind the stiff new import taxes imposed on goods from countries around the world. Global stocks sagged.




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