Business News

(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 […]

(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 […]