How major US stock indexes fared Thursday, 1/16/2025
U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies ByThe Associated Press January 16, 2025, 4:16 PM U.S.…
Average rate on 30-year mortgage hits 7%, its fifth straight increase
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months ByALEX VEIGA AP business writer January…
Toyota’s truck division Hino to pay $1.6 billion as part of emissions scandal
A Toyota division that manufactures trucks will pay more than $1.6 billion and plead guilty to violations related to the submission of false and fraudulent engine emission testing and fuel…
US defense contractor to build 4,000-worker advanced manufacturing facility in Ohio
COLUMBUS, Ohio — U.S. defense contractor Anduril Industries is preparing to build a massive advanced manufacturing facility in central Ohio, adding a planned 4,000 jobs to the area’s burgeoning high-tech…
More Americans file for unemployment benefits, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy ByMATT OTT AP business writer January 16, 2025,…
How major US stock indexes fared Wednesday, 1/15/2025
U.S. stocks ripped higher after an encouraging update on U.S. inflation ByThe Associated Press January 15, 2025, 4:21 PM U.S. stocks ripped higher after an encouraging update on U.S. inflation.…
US government sues Southwest Airlines and fines Frontier for chronically delayed flights
The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines ByThe Associated Press January 15, 2025, 3:29…
NHTSA closes preliminary investigation into General Motors’ Cruise robotaxis
U.S. automobile safety regulators are closing their preliminary investigation into General Motors’ Cruise robotaxis without taking further action ByMICHELLE CHAPMAN AP business news January 15, 2025, 10:13 AM U.S. automobile…
Bloomberg reports that Meta will lay off 5% of staff
News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to…
Can AI help us understand animals and reconnect with nature? A research lab thinks so
MONTREAL — Peeps trickle out of a soundproof chamber as its door opens. Female zebra finches are chattering away inside the microphone-lined box. The laboratory room sounds like a chorus…