Business News

(WASHINGTON) -- Retaliatory tariffs issued by Canada hit some imports from the United States at one minute after midnight Eastern Time on Tuesday, intensifying a trade war between the longtime allies and risking an escalation from President Donald Trump.Levies as high as 50% apply to hundreds of U.S. products, ranging from aluminum foil to raincoats to cheese. U.S. elected officials in states bordering Canada, including Republican Sen. Susan Collins of Maine, have warned the trade […]

(NEW YORK) -- A trio of progressive Democrats sharply criticized billionaires on their way to victory in House primaries in New York City.The clean sweep for candidates endorsed by far-left New York City Mayor Zohran Mamdani on Tuesday drew attention to economic populism as affordability remains a top issue for voters ahead of the midterm elections.In Manhattan and Brooklyn's 10th District, incumbent Rep. Dan Goldman lost in a landslide to […]

(NEW YORK) -- The Transportation Security Administration has launched a new program that allows some people without a plane ticket to go through airport security.The program, called Gateside by TSA PreCheck, allows eligible TSA PreCheck members to enter the secure area of participating airports to meet or see off friends and family at their gate, meet someone during a layover, or visit airport restaurants and shops.Gateside is currently available at […]

(NEW YORK) -- Hiring grew far more than expected in August, bouncing back from a decline in employment a month earlier, according to the federal government's monthly jobs report.Employers added 162,000 jobs in August, which marked a major improvement from 23,000 jobs lost in July, the U.S. Bureau of Labor Statistics data showed.Hiring came in well above a monthly average gain of 31,000 jobs over the previous 12 months.The unemployment rate held steady at […]

(NEW YORK) -- Diesel prices hit a record high in the United States on Friday, jumping to an average of $5.85 a gallon as the Iran war choked global oil supply.Gasoline prices also climbed on Friday, registering at an average of $4.14 a gallon, the highest price ever recorded at this time of year, AAA said.High diesel prices push up transport costs for many everyday products, including groceries, clothes and furniture.The average price […]

(Getty Images stock photo/lixu) (NEW YORK) -- TikTok is giving users new ways to join conversations on the platform.The social media company on Thursday announced several new comment features that will allow people to leave voice messages, vote in polls and share multiple photos under videos.More than 1.7 billion comments are shared on TikTok each day, according to the company.Among the updates is Voice Comments, a new feature that TikTok says it will […]

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 […]