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Politics
U.S. Steel shares drop more than 15% on report White House preparing to
United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023.Thomas O'Neil | Nurphoto | Getty ImagesU.S. Steel shares tumbled nearly 18% on Wednesday as the…
Atlanta Fed President Bostic says officials can’t wait for inflation to hit
speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the…
U.S. targets Russia over 2024 election opinion effort
A picture taken on June 8, 2018 shows an unidentified anchor of the Russia Today (RT) TV company as he prepares to go on the air in their studio in Moscow. Yuri Kadobnov | Afp | Getty ImagesThe Biden administration on Wednesday will…
Job openings fell more than expected in July
Job openings slumped to their lowest level in three and a half years in July, the Labor Department reported Wednesday in another sign of slack in the labor market.The department's closely watched Job Openings and Labor Turnover Survey…
Sweden’s Volvo Cars scraps plan to only sell electric vehicles by 2030
The chip shortage took its toll on the auto industry, which has become increasingly reliant on semiconductors.Mikael Sjoberg | Bloomberg | Getty ImagesSwedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling…
Unions lash out as carmaker weighs German plant closures
Employees of German car maker Volkswagen (VW) protest at the start of a company's general meeting in Wolfsburg, northern Germany, on September 4, 2024.Moritz Frankenberg | Afp | Getty ImagesVolkswagen's management went toe-to-toe with…
Mortgage refinance demand is 94% higher than a year ago
File photoPatrick T. Fallon | Bloomberg | Getty ImagesMortgage demand is now heavily skewed toward refinancing, as interest rates declined for the fifth straight week.Total mortgage application volume rose just 1.6% last week, compared…
Qualcomm launches latest AI PC chip in challenge to Intel and AMD
A view of the logo of Qualcomm at the Mobile World Congress 2024.Ramon Costa | SOPA Images | Lightrocket | Getty ImagesQualcomm launched a new PC processor on Wednesday as it looks to capitalize on electronics makers' desire to put…
Putin dodges arrest warrant in Mongolia, the Kremlin touts its triumph
Russian President Vladimir Putin and his spokesperson Dmitry Peskov at the Supreme Eurasian Economic Council meeting at the Congress Hall in Bishkek on Dec. 9, 2022.Vyacheslav Oseledko | Afp | Getty ImagesThere was more than a whiff of…
Harris $50,000 small business startup tax deduction ahead of Trump debate
Democratic presidential nominee and U.S. Vice President Kamala Harris delivers remarks at a campaign rally in Savannah, Georgia, U.S., August 29, 2024. Elizabeth Frantz | ReutersVice President Kamala Harris on Wednesday will unveil a new…