Business News

Southwest Airlines airplanes sit on the tarmac at the Baltimore/Washington International Thurgood Marshall Airport on Nov. 26, 2025, in Baltimore, Maryland. (Anna Moneymaker/Getty Images) (NEW YORK) -- For the first time ever, Southwest Airlines is joining the airport lounge race with plans to open lounges in four cities next year.The airline announced Wednesday it will open lounges in Austin (Austin-Bergstrom International Airport), Baltimore (Baltimore/Washington International Thurgood Marshall Airport), Honolulu (Daniel K. Inouye […]

A cargo ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. (Majid Saeedi/Getty Images) (NEW YORK) -- Global oil prices on Wednesday fell to their lowest level since before the outbreak of the Iran war.Brent crude futures, the benchmark index for worldwide trading, dropped to $73.50 a barrel. That figure, which amounted to a nearly 5% decline on Wednesday, marked the lowest price since […]

(NEW YORK) -- The U.S. Strategic Petroleum Reserve has dropped to its lowest level since 1982, Department of Energy data this week showed, revealing the continued drawdown of emergency oil as the nation weathers a global energy shortage.The reserve shrank by more than 3 million barrels of oil over the week ending on Aug. 28, the DOE said, leaving the stockpile at 286.6 million barrels or about 40% of overall capacity.The largest global oil […]

(WASHINGTON) -- Ontario Premier Doug Ford expressed firm opposition to President Donald Trump's tariffs on Canada this weekend, saying that the result of a trade war could be harmful to both countries."Everyone's feeling bullied by President Trump, and this is the worst thing you could do for the American economy," Ford told ABC News' "This Week" co-anchor Martha Raddatz. "I just don't see the purpose. It's absolutely backwards."The U.S. and […]

(NEW YORK) -- Alan Greenspan, the longtime chairman of the Federal Reserve, has died, his wife confirmed. He was 100 years old."Alan passed away at our home this morning at the age of 100 from complications of Parkinson’s Disease,” Andrea Mitchell, his wife and a chief correspondent at NBC News, said in a statement published by the network on Monday.The economist is remembered for leading the American central bank amid […]

(WASHINGTON) -- President Donald Trump has formally signed a proclamation temporarily lifting tariffs on some foreign imports of beef beginning Sept. 1, despite the firestorm of backlash he has received from farmers and Republican lawmakers over the action. This action only applies to lean beef trimmings "to combine with U.S. beef" for ground beef, the White House said. These meat parts already entered the U.S. at a low tariff, but this action […]

An app for Kalshi, an online prediction market site, is shown on Feb. 25, 2026, in Chicago. Online prediction market platforms allow people to place bets on wide-ranging subjects such as sports, finance, politics and currents events. (Photo Illustration by Scott Olson/Getty Images) (NEW YORK) -- The state of Connecticut sued Kalshi on Thursday to block alleged unlicensed sports gambling offered by the online betting platform, the Office of the Attorney […]

(NEW YORK) -- Nvidia surpassed Wall Street expectations for revenue over a recent three-month period, the company said on Wednesday, demonstrating strong performance as a data center boom drives demand for the company's advanced artificial intelligence chips.The California-based company recorded $96.2 billion in sales over three months ending in July, which beat a Bloomberg forecast of $92 billion. The jump in revenue marked 106% growth compared to the same quarter a year earlier.In recent […]

(NEW YORK) -- Nvidia is set to report earnings on Wednesday as a data center boom drives demand for the company's advanced artificial intelligence chips, despite political backlash and looming concern about a financial bubble.In recent years, the California-based behemoth has defied skeptics with blockbuster revenue quarter after quarter.Rip-roaring growth transformed Nvidia from an ascendant AI player into the world's most valuable company. Investors will be eager to see whether the firm continued to deliver […]