Business News

Monday, May 13, 2019 at 11:20 AM EDT

Supreme Court Allows Lawsuit Over iPhone Apps

Supreme Court Allows Lawsuit Over iPhone Apps

A divided Supreme Court ruled Monday that consumers can pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for the sale of iPhone apps. New Justice Brett Kavanaugh joined the...

Monday, May 13, 2019 at 07:37 PM EDT

Dow Drops More Than 600 Points as China Trade War Escalates

Dow Drops More Than 600 Points as China Trade War Escalates

Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies. The Dow Jones Industrial Average dropped 617.38...

Monday, May 13, 2019 at 07:30 AM EDT

What Are Trump's Tariffs on China and How Do They Work?

What Are Trump's Tariffs on China and How Do They Work?

President Donald Trump has heightened tensions with China by escalating his tariffs on $200 billion in Chinese goods from 10% to 25%. As a tool of national policy, tariffs had long been fading into history,...

Monday, May 13, 2019 at 03:44 PM EDT

Amazon Tells Employees, We'll Pay You to Quit, Haul Packages

Amazon Tells Employees, We'll Pay You to Quit, Haul Packages

Amazon, which is racing to deliver packages faster, is turning to its own employees with a proposition: Quit your job and we'll help you start a business delivering Amazon packages. The offer, announced Monday,...

Saturday, May 11, 2019 at 08:30 PM EDT

Zuckerberg Dismisses Co-Founder's Call to Break Up Facebook

Zuckerberg Dismisses Co-Founder's Call to Break Up Facebook

Facebook CEO Mark Zuckerberg has forcefully dismissed growing calls for regulators to break up the social media company, arguing that Facebook's size allows it to invest billions of dollars in security every...

Saturday, May 11, 2019 at 07:42 PM EDT

Major Employers to CNBC: More Raises Are Coming

Major Employers to CNBC: More Raises Are Coming

The latest jobs report for April showed wage growth picking up steam. And it looks like employment income is going to stay moving that way, according to a new survey from CNBC of chief financial officers at...

Saturday, May 11, 2019 at 06:03 PM EDT

Uber, Lyft Losses Keep Competitors at Bay

Uber, Lyft Losses Keep Competitors at Bay

A fare war between Uber and Lyft has led to billions of dollars in losses for both ride-hailing companies as they fight for passengers and drivers. But in one way it has been good for investors who snatched up...

Friday, May 10, 2019 at 09:20 PM EDT

Musk Pokes Fun at Bezos' New Moon Lander Spacecraft

Musk Pokes Fun at Bezos' New Moon Lander Spacecraft

Elon Musk has poked fun, in a rather crude way, at Jeff Bezos' new spacecraft. On Thursday, Bezos' space company Blue Origin unveiled its first lunar lander called "Blue Moon."

Friday, May 10, 2019 at 09:15 PM EDT

Space-Tourism Enters 'Home Stretch' Toward Commercial Flight

Space-Tourism Enters 'Home Stretch' Toward Commercial Flight

Billionaire Richard Branson is moving Virgin Galactic's winged passenger rocket and more than 100 employees from California to a remote commercial launch and landing facility in southern New Mexico, bringing his...

Friday, May 10, 2019 at 06:22 PM EDT

Ex-FDA Inspector Warns of Dangers in U.S. Meds Made Abroad

Ex-FDA Inspector Warns of Dangers in U.S. Meds Made Abroad

The notice arrived at the home of Denise Schreck, a New Jersey woman who suffers from high blood pressure, last July. Valsartan, the blood pressure medication used by Schreck and millions of other Americans, was...

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