Abbott Laboratories will pay $385 million to resolve claims tied to an investigation of contamination at a baby formula factory in Sturgis, Michigan, the largest in the country, which led…
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Abbott to pay $385 million to settle allegations of contamination at a baby formula factory
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Business
For the U.S. news industry, a tough summer draws to a close with McClatchy chain’s cuts
by adminClosing out a turbulent summer for the news industry, the McClatchy newspaper chain has made deep cuts at The Miami Herald and other papers it owns across the nation. The…
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Bessent dared the markets to ‘bet against’ him. Bond traders did — and appear to be winning.
by adminTreasury Secretary Scott Bessent appears to be losing a tug-of-war with the bond markets he is also trying to influence. In an effort to tamp down on longer-term interest rates…
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WASHINGTON — President Donald Trump said on Friday he would not oppose Chinese automakers building cars in the United States despite widespread opposition from U.S. lawmakers and car companies. “If…
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Jimmy Kimmel says show won’t air James Talarico interview on TV, citing FCC threats
by adminJimmy Kimmel announced on Wednesday night that his show would not air his upcoming interview with Texas Democratic Senate candidate James Talarico on television, citing the Trump administration’s threats against…
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Inflation ticked up in August, setting the stage for the Fed to hike interest rates
by adminThe prices U.S. consumers pay for goods and services continued to climb in August, with the Bureau of Labor Statistics finding that inflation ticked up even before renewed conflict in…
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Oil surges past $101 to highest closing level since May as Middle East conflict intensifies
by adminThe price of oil breached the $100 threshold Wednesday, as new flare-ups in the United States’ war with Iran stoked fresh concern for global energy markets. Prices did not stop…
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Bessent’s move to tamp down rising rates backfires as bond yields jump and stocks tumble
by adminBonds sharply sold off and stocks tumbled Wednesday after Treasury Secretary Scott Bessent’s latest effort to tamp down what he called market “fever” backfired. At 11 a.m. ET, the Treasury…
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Florida’s attorney general filed a sweeping lawsuit Wednesday against Netflix, accusing the Hollywood streaming giant of misleading consumers about its data collection practices and exposing kids to “addictive” design features.…
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Business
Oil nears $100 a barrel after new U.S. strike on Iranian tankers and attacks on Saudi infrastructure
by adminThe international oil benchmark Brent crude touched $99 per barrel Tuesday after tensions among the U.S., its allies and Iran flared up again. Late Tuesday, oil spiked for the second…
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It’s never been more expensive in the U.S. to fill up the tank and take one last summer trip over the Labor Day weekend. The average price of regular gas…