| UPI Topic - Business - UPI.com |
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| Labor Department investigating Alabama poultry plant for employing minors |
| Sat, 18 May 2024 16:32:26 -0400 |
| Federal authorities are investigating the use of underage workers at an Alabama poultry plant owned by the same firm found responsible for the death of a 16-year-old worker in Mississippi. |
| Dow closes above 40K for first time |
| Fri, 17 May 2024 18:25:47 -0400 |
| The Dow Jones Industrial Average closed Friday above the record 40,000 mark for the first time in its 139-year history. |
| NASA launches new aircraft modeling software |
| Fri, 17 May 2024 16:25:22 -0400 |
| NASA on Friday announced it has created a new digital modeling tool for engineers to simulate conceptual aircraft designs. |
| Workers at Alabama's Mercedes-Benz vote against unionizing |
| Fri, 17 May 2024 14:17:12 -0400 |
| Workers at Mercedes-Benz's automotive plants near Tuscaloosa, Ala., on Friday voted against joining the United Auto Workers union. |
| British watchdog says it will not probe Microsoft-Mistral partnership |
| Fri, 17 May 2024 11:40:46 -0400 |
| Britain's competition watchdog agency said on Friday that it will not launch an investigation into Microsoft's partnership with French artificial intelligence firm Mistral, saying the arrangements did not meet the thresh |
| GameStop posts Q1 net loss, shares down 20% on plans to sell securities |
| Fri, 17 May 2024 10:04:54 -0400 |
| GameStop stock declined Friday, following a broader "meme stock" rally earlier in the week, as it announced plans to sell securities and reported declining first quarter sales. |
| TikTok, creators challenge U.S. divest or ban law on First Amendment grounds |
| Fri, 17 May 2024 06:00:29 -0400 |
| TikTok's lawsuit against the U.S. government will task the federal court system with considering national security interests and First Amendment rights. |
| Boeing supplier Spirit AeroSystems to lay off hundreds of workers |
| Thu, 16 May 2024 16:56:36 -0400 |
| Boeing parts supplier Spirit AeroSystems said Thursday it will lay off up to 450 workers due to a slowdown in Boeing plane deliveries. |
| Roche's experimental obesity drug shows promising early stage results |
| Thu, 16 May 2024 16:06:28 -0400 |
| Swiss drug company Roche on Thursday said its experimental obesity treatment helped people lose a significant amount of weight in an early-stage trial. |
| Dow crosses 40,000 for first time ever on positive economic news |
| Thu, 16 May 2024 11:46:33 -0400 |
| The Dow exceeded 40,000 for the first time Thursday, extending a strong year of stock market gains. It was pushed higher in part after positive inflation news. |
| Deadline extended for federal student loan consolidation |
| Wed, 15 May 2024 20:42:05 -0400 |
| Americans making federal student loan payments have through June 30 to apply for loan consolidation to obtain a beneficial payment count adjustment. |
| Uber showcases new services in annual New York event |
| Wed, 15 May 2024 15:03:24 -0400 |
| Uber introduced a service called Uber Shuttle and other product updates at an annual event called the Go-Get Showcase in New York City on Wednesday. |
| April CPI: Consumer prices rose 0.3%, slower than analysts expected |
| Wed, 15 May 2024 10:21:59 -0400 |
| The consumer price index increased to a seasonally adjusted 0.3% in April compared to the month before, keeping the year-to-year CPI increase at 3.4%, according to Labor Department data released on Wednesday. |
| Walmart to lay off, relocate hundreds to corporate workers |
| Tue, 14 May 2024 20:13:09 -0400 |
| Walmart said Tuesday it will layoff hundreds of corporate employees and relocate many others to its Arkansas headquarters. |
| Fed Chairman says inflation 'may take longer than expected' to lower |
| Tue, 14 May 2024 15:00:36 -0400 |
| The Federal Reserve Chairman on Tuesday said "it may take longer than expected" for inflation to get under wraps as he gave no indication of a pending interest rate cut. |
| AMC raises $250 million in stock sale amid renewed 'meme stock' frenzy |
| Tue, 14 May 2024 13:04:41 -0400 |
| The movie theater chain AMC Entertainment on Tuesday saw its stock value jump more than 90% in a $250 million sell to investors on the second day of a stock-buying craze which began Monday. |
| April PPI: U.S. wholesale prices rose 0.5%, exceeding expectations |
| Tue, 14 May 2024 12:00:00 -0400 |
| The Labor Department said on Tuesday that wholesale prices in April jumped to 2024 highs, essentially dashing any hope for an interest rate cut by the Federal Reserve. |
| Biden signs law banning imports of Russian uranium |
| Tue, 14 May 2024 00:41:47 -0400 |
| President Joe Biden on Monday signed bipartisan legislation banning the importation of Russian uranium, severing the United States from its dependency on the Kremlin-controlled resource. |
| Red Lobster closes dozens of restaurants amid bankruptcy reports |
| Mon, 13 May 2024 22:11:50 -0400 |
| U.S.-based Red Lobster abruptly closed more than 50 of its seafood restaurants across the country on Monday, as the company is reported to be considering Chapter 11 bankruptcy protection. |
| OpenAI launches new, conversational GPT-40 with 'real-time responsiveness' |
| Mon, 13 May 2024 20:19:55 -0400 |
| OpenAI has revealed its newest AI model, GPT-40, a desktop version of its popular chatbot ChatGPT that is more conversational and easier to use. |
| Apple, Google to alert smartphone users of nearby wireless tracking devices |
| Mon, 13 May 2024 16:23:47 -0400 |
| Android and iPhone smartphones will alert users to nearby location tracking devices, Apple and Google announced Monday. |
| AAA says 2024 to be second highest Memorial Day travel forecast since 2000 |
| Mon, 13 May 2024 13:19:48 -0400 |
| AAA on Monday released data which estimates nearly 44 million American travelers will leave town in what will be the second highest Memorial Day travel forecast since 2000 when data was first available. |
| GameStop shares soar 74% as 'meme stock' figure 'Roaring Kitty' returns to social media |
| Mon, 13 May 2024 12:49:39 -0400 |
| GameStop shares surged 74% on Monday's stock market after the person who sparked the computer game store's stunning 2021 run reappeared on social media. |
| Squarespace goes private in $6.9B deal with private-equity firm Permira |
| Mon, 13 May 2024 11:14:20 -0400 |
| The website building and hosting company Squarespace announced on Monday it was going private for $6.9 billion, representing a 15% premium for current stockholders over its closing share price on Friday. |
| Christie's to take bids on temporary website |
| Sun, 12 May 2024 17:18:14 -0400 |
| The famed Christie's auction house has turned to a free service to create a place for the world's wealthiest people to bid on the world's most high-dollar items after its own website was hacked, officials announced. |
| Judge blocks Biden adminstration rule to cap late credit card fees |
| Sat, 11 May 2024 15:03:17 -0400 |
| A Texas judge has blocked President Joe Biden's attempts to implement a rule that would cap credit card late fees at $8. |
| Tesla's expansion plans in Germany prompt clash between protesters, police |
| Fri, 10 May 2024 17:22:49 -0400 |
| Climate activists protesting the expansion Tesla's Brandenburg factory in Germany clashed with police after some attempted to storm the factory grounds on Friday. |
| Billionaire quantitative investor Jim Simons dies at 86 |
| Fri, 10 May 2024 15:50:41 -0400 |
| Billionaire mathematician Jim Simons, who pioneered quantitative trading, died Friday in New York City. He was at 86. |
| Chinese EV maker Zeekr launches on N.Y. Stock Exchange as it seeks expansion |
| Fri, 10 May 2024 15:35:45 -0400 |
| Chinese EV electric vehicle maker Zeekr, owned by Geely, was listed on the New York Stock Exchange on Friday. Shares climbed some 38% for a potential $7 billion valuation in Zeekr's initial public offer. |
| Target limits 2024 Pride collection to select stores |
| Fri, 10 May 2024 14:39:14 -0400 |
| Target confirmed Friday it will not offer its 2024 collection of Pride-related products at all of its retail stores. |
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