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Business News

Monday, Dec 11, 2017 at 08:20 AM PST

Talk of a Bubble Intensifies as Price of Bitcoin Soars

Talk of a Bubble Intensifies as Price of Bitcoin Soars

Is bitcoin in a bubble? The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000. That rocketing...

Friday, Dec 8, 2017 at 09:08 AM PST

US Adds 228K Jobs, Underscoring Economy's Growing Momentum

US Adds 228K Jobs, Underscoring Economy's Growing Momentum

U.S. employers added a robust 228,000 jobs in November, a sign of the job market's enduring strength in its ninth year of economic recovery. The unemployment rate remained at a 17-year low of 4.1 percent,...

Thursday, Dec 7, 2017 at 10:52 AM PST

Years After Lehman, Final Rules Set on Strengthening Banks

Years After Lehman, Final Rules Set on Strengthening Banks

A global forum of banking regulators has finished its years-long work on rules that aim to keep weak banks from needing taxpayer bailouts and setting off financial crises like the one that led to the Great...

Thursday, Dec 7, 2017 at 07:09 AM PST

Walmart Dropping Hyphen From Its Legal Name in Shift to Web

Walmart Dropping Hyphen From Its Legal Name in Shift to Web

Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon's increasing dominance. The world's largest retailer, based in Bentonville, Arkansas,...

Thursday, Dec 7, 2017 at 08:24 AM PST

GE Cutting 12K Jobs in Power Division, Mainly Out of US

GE Cutting 12K Jobs in Power Division, Mainly Out of US

General Electric Co. will cut 12,000 jobs in its power division as alternative energy supplants demand for coal and other fossil fuels. The company said Thursday that the cuts to both office and production...

Wednesday, Dec 6, 2017 at 05:49 PM PST

Patagonia Joins Groups Suing Over Trump's Monuments Order

Patagonia Joins Groups Suing Over Trump's Monuments Order

A flurry of lawsuits challenging President Donald Trump's decision to chop up two large national monuments in Utah could finally bring an answer to the much-debated question of whether presidents have the legal...

Monday, Dec 4, 2017 at 01:25 PM PST

Facebook's Sandberg Warns of Backlash Against Women

Facebook's Sandberg Warns of Backlash Against Women

Sheryl Sandberg warned of a potential backlash against women and urged companies to put into place clear policies on how allegations of sexual harassment are handled. In a lengthy Facebook post over the...

Monday, Dec 4, 2017 at 07:51 PM PST

Facebook Launches Parent-Controlled Messenger App for Kids

Facebook Launches Parent-Controlled Messenger App for Kids

Facebook is launching a messaging app for children to chat with their parents and with friends approved by their parents. The free app is aimed at kids under 13, who can't yet have their own accounts under...

Thursday, Nov 30, 2017 at 01:18 PM PST

Dow Closes Above 24,000 Ahead of Senate Tax Vote

Dow Closes Above 24,000 Ahead of Senate Tax Vote

The Dow Jones industrial average hit another milestone Thursday, closing above 24,000 for the first time, CNBC reported. It closed at 331.67-points, with United Technologies leading the way. The S&P 500 also...

Tuesday, Nov 28, 2017 at 07:41 PM PST

FCC Head Ajit Pai Goes After Hollywood, Tech Companies

FCC Head Ajit Pai Goes After Hollywood, Tech Companies

The head of the Federal Communications Commission defended his plan to undo the country's net-neutrality rules by bringing the culture wars to telecommunications policy. FCC Chairman Ajit Pai last week unveiled...

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