Business News

Thursday, May 2, 2019 at 02:48 PM EDT

Stephen Moore Withdraws From Fed Consideration, Trump Says

Stephen Moore Withdraws From Fed Consideration, Trump Says

Conservative economics pundit Stephen Moore has withdrawn his bid to be appointed to the Federal Reserve Board — within hours of boasting that he expected to be easily confirmed by the Senate — President Donald...

Thursday, May 2, 2019 at 12:16 PM EDT

Beyond Meat Goes Public as Sales of Plant-Based Meats Rise

Beyond Meat Goes Public as Sales of Plant-Based Meats Rise

The Nasdaq is adding fake meat to its diet. Beyond Meat, the purveyor of plant-based burgers and sausages, made its debut on the stock exchange Thursday. It's the first pure-play maker of vegan "meat" to go...

Wednesday, May 1, 2019 at 03:45 PM EDT

Fed Leaves Rates Alone Despite Trump Pressure

Fed Leaves Rates Alone Despite Trump Pressure

The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation...

Wednesday, May 1, 2019 at 11:44 AM EDT

Survey: US Businesses Are Hiring; 275K Jobs in April

Survey: US Businesses Are Hiring; 275K Jobs in April

U.S. companies in April added the most jobs in 9 months, a sign that hiring remains strong amid solid economic growth. Payroll processor ADP said Wednesday that businesses hired 275,000 people last month, up...

Wednesday, May 1, 2019 at 09:48 AM EDT

Instagram May Stop Showing How Many People ‘Like’ Each Post

Facebook-owned Instagram is going to test hiding “like” counts this week as a way to make “a less pressurized environment” on the app, Head of Instagram Adam Mosseri announced on Tuesday. “We want people to...

Wednesday, May 1, 2019 at 12:29 PM EDT

Event for Brazilian Leader Tests Companies on LGBT Rights

Event for Brazilian Leader Tests Companies on LGBT Rights

Marriott International, among many big corporations, has gone on record in support of the LGBT community. Its CEO, Arne Sorenson, has been one of the most vocal defenders of LGBT rights in recent years as...

Tuesday, Apr 30, 2019 at 08:28 AM EDT

Daimler to Stop Selling Electric Smart Cars in US, Canada

Daimler to Stop Selling Electric Smart Cars in US, Canada

German automaker Daimler will stop selling its all-electric Smart EQ fortwo cars in the United States and Canada, according to a company spokesman. The company will stop selling Smart in the two countries...

Monday, Apr 29, 2019 at 06:40 PM EDT

Wall Street Banks Boycott Brunei-Owned Hotels

Wall Street Banks Boycott Brunei-Owned Hotels

A growing list of multinational banks are banning employees from staying at hotels owned by the Sultan of Brunei, where homosexuality and adultery is punishable by death. J.P. Morgan, Goldman Sachs and others —...

Monday, Apr 29, 2019 at 03:44 PM EDT

Burger King Plans to Release Impossible Whopper Nationwide

Burger King Plans to Release Impossible Whopper Nationwide

After a successful trial run, Burger King announced Monday that it plans to release its Impossible Whopper nationwide. By the end of the year, the plant-based burger will be available in all of Burger King's...

Wednesday, May 8, 2019 at 01:25 PM EDT

Marriott to Expand Further Into Home-Sharing

Marriott to Expand Further Into Home-Sharing

Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travelers away from rivals like Airbnb. The world's biggest hotel company will...

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