Business

Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for the second of two days of testimony. He will sit before the Senate Banking Committee, where he’s expected to face tough questions from Republican and Democratic senators. The appearance follows Powell’s testimony Tuesday before the House Financial Services Committee, where he addressed inflation, President Donald Trump’s proposed tariffs, and the outlook for interest rate cuts. While those issues are likely […]

Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company's stock on Friday and Monday, according to filings with the Securities and Exchange Commission (SEC).Huang's stock sales were valued at roughly $15 million, with shares trading in a range of $142.50 to $145.63 during the trading sessions on Friday and Monday.The stock sales are part of a plan that Huang and Nvidia disclosed in their most recent quarterly […]

General Motors CEO Mary Barra has publicly cozied up to the Trump administration in recent months, including promoting a major investment in the United States last week, but her tenure at the company has included several examples of the company shipping production and jobs overseas. "I'm actually looking forward to working with the president and with the administration, because I think we can grow the importance of the auto industry and […]

E-commerce giant Amazon is investing more than $4 billion to triple the size of its delivery network by 2026 with a focus on expanding delivery services across rural America.Tens of millions of U.S. customers in more than 4,000 smaller cities, towns and rural communities will get access to same-day and next-day delivery by the end of the year, the company announced on Tuesday. It's the latest development in its effort […]

Krispy Kreme said on Tuesday that it will no longer sell its doughnuts at McDonald’s restaurants after the partnership failed to deliver cost-effective results for the doughnut maker."Ultimately, efforts to bring our costs in line with unit demand were unsuccessful, making the partnership unsustainable for us," Krispy Kreme CEO Josh Charlesworth said in a statement.The companies said the partnership will end on July 2.MCDONALD'S EVOLUTION FROM DRIVE-IN TO GLOBAL FAST-FOOD […]

As President Donald Trump's July 4 deadline to pass his "big, beautiful bill" ticks closer, it doesn't look like Congress will be leaving Capitol Hill anytime soon in the midst of a high-stakes workplace environment.Via a Truth Social post Tuesday morning, the president announced that not a single lawmaker is permitted to take their summer vacation until the spending package is done and passed."To my friends in the Senate, lock […]

A longtime family farm in Cranbury, New Jersey, is at risk of being seized by the town through eminent domain. The situation with the farm owned by brothers Christopher and Andy Henry, which has been in their family for 175 years, recently drew notice from U.S. Department of Agriculture Secretary Brooke Rollins. Rollins said on X last week that she was "looking into this situation immediately," adding, "We must protect family farms […]

Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday.The Chicago-based company, formed by the September merger of CareerBuilding and Monster,  said it agreed to sell its job board operations, its most recognizable business, to JobGet, which has an app for so-called gig workers.Monster, the older of the two, "has worked to transform the recruiting industry" for 30 years, its website said. CareerBuilder has been […]

Electricity prices have surged over the past year, nearly doubling the overall inflation rate due to rising demand and increased investment in aging grid infrastructure. Prices rose 4.5% in May on an annual basis, according to the Bureau of Labor Statistics' consumer price index (CPI), a broad measure of the cost of everyday goods like gasoline, groceries and rent. The overall inflation rate for all goods and services in May was […]