Business Blog

Europe shows a united front against Biden's Inflation Reduction Act, says it threatens industry

There is a political consensus among EU finance ministers that Biden's inflation reduction act could harm European companies.

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Trump's favorite candidates disappoint on Election Day, raising questions about his 2024 pitch

Former President Donald Trump's chosen candidates did not fare as he had hoped in the 2022 midterm elections.

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Adidas warns of big earnings hit after ending Ye partnership

Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant's termination of its partnership with Kanye West's Yeezy brand.

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  207 Hits

Social Security cost-of-living adjustment could be 10.5% in 2023, according to a new estimate

Record high Consumer Price Index data for June points a bigger bump to monthly checks for Social Security beneficiaries next year.

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Inflation scorcher means Fed may be more aggressive. Market pros see higher risk of recession

A much hotter-than-expected consumer inflation report could mean an even more aggressive Fed — and even higher odds of a recession, according to market pros.

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  302 Hits

Here are Twitter's biggest accusations against Musk in its lawsuit

Twitter alleges Musk willingly offered and agreed to terms that were "as he touted, 'seller friendly.'"

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  264 Hits