As the Republican-dominated House and Senate continue to move their budget bills toward enactment, we've been hearing a lot of hypocritical persiflage about "able-bodied" Americans taking undue advantage of Medicaid and food stamps.

Here's who we haven't been hearing enough about, however: "Able-bodied" American corporations that have taken ...Read more

Federal Reserve Chair Jerome Powell repeated that the U.S. central bank probably would have cut rates further this year absent President Donald Trump’s expanded use of tariffs.

“In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of...Read more

Tunny Parrish did the math.

Jeff Bezos' wedding in Venice with Lauren Sánchez and surrounding activities last week is estimated to have cost upward of $46.8 million, according to the region's governor.

For that money, the Amazon founder could pay for nearly every Seattle Public School students' breakfast and lunch for a school year, the ...Read more

SAN JOSE, California — Di Liu of San Jose told Apple he was resigning his position as a design engineer to spend more time with his family and look after his health, but he had secretly taken a job with a rival, and before leaving the iPhone giant, he stole a “massive volume” of its trade secrets, Apple alleges in a lawsuit against Liu.

...Read more

U.S. factory activity contracted in June for a fourth consecutive month as orders and employment shrank at a faster pace, extending the malaise in manufacturing.

The Institute for Supply Management’s manufacturing index edged up 0.5 point last month to 49, according to data released Tuesday. Readings below 50 indicate contraction. A measure ...Read more

Las Vegas data-center owner Switch is expanding its big presence in Southern Nevada with a new kind of facility: so-called AI factories.

Switch is developing a project at the southwest corner of the Jones Boulevard-215 Beltway interchange in the southwest Las Vegas Valley, near its existing cluster of data centers. Plans for the new site have ...Read more

Every Wednesday staring July 9, two new freight ships, Copan and Quetzal, will alternate docking at Holt Logistics LLC’s Gloucester City terminal, unloading apparel from Central American factories and fruit from farms, and picking up auto parts and other U.S. products for export to Guatemala, Honduras, and El Salvador.

The largest U.S.-based ...Read more

People looking to hit the road, bet on sports, book a stay through a short-term rental platform or buy a vape at their corner convenience store in Illinois will have to pay a little more to the state in taxes starting Tuesday.

While Gov. JB Pritzker earlier this year ruled out across-the-board sales tax increases or another attempt to tax ...Read more

General Motors Co.'s U.S. sales increased nearly 12% in the first half of 2025 compared to the same time last year, in part thanks to American truck devotees and panic buying amid tariff and electric vehicle policy upheaval.

The Detroit automaker sold nearly 747,000 vehicles in this year's second quarter, on par with sales in the first three ...Read more

New California state laws going into effect on Tuesday will protect tech customers from shady auto-renewal subscriptions, the sale of stolen goods via online marketplaces and self-cleaning requirements for guests at short-term rentals like Airbnb and Vrbo.

Lawmakers also tweaked one of Gov. Gavin Newsom’s most prized mental health projects, ...Read more

The 38-year-old Durham, North Carolina, semiconductor supplier Wolfspeed filed for Chapter 11 bankruptcy Monday, officially starting a reorganization the company says will allow it to shed billions in debt.

The filing in the Southern District of Texas comes eight days after Wolfspeed publicized a restructuring agreement that will give its ...Read more

OAK PARK, Michigan — The electric Bollinger Motors B4 work truck has a lot going for it, including a smooth ride, endless customization options, solid battery range and minimal competition in its segment.

But in this increasingly shaky moment for the electric vehicle industry, the Metro Detroit startup faces a deeply uncertain future. It ...Read more

LOS ANGELES — Tucked into a Chinatown shopping plaza, the modern Filipino restaurant Lasita is typically bursting with energy. Orbs of yellow light wash over plates of juicy chicken inasal; longtime friends catch up over handpicked wines as music thumps in the background.

That all changed on the evening of Friday, June 6, when more than 10 ...Read more

Ford Motor Co. CEO Jim Farley called on U.S. companies to invest in skilled trades, manufacturing and other "essential economy" jobs in an effort to boost productivity and reduce reliance on China, as the Dearborn, Michigan, automaker has idled plants because of challenges in obtaining rare-earth materials from the Asian nation.

Ford will host ...Read more

In another change to its executive ranks, Boeing has hired a new chief financial officer to lead strategy, business planning and global real estate, the company said Monday.

Jesus “Jay” Malave, the former chief financial officer at defense contractor Lockheed Martin, will replace Brian West, the CFO appointed by Boeing’s former chief ...Read more

After Britt Baker graduated from Harvard Business School in 2016, her friends back in California begged for a souvenir: the best investment advice she'd learned.

Baker, 37, indulged them, starting out of her Fairfax, California, living room a finance club that eventually became her present-day financial education startup, Dow Janes — which ...Read more