business news

Russian-Ukraine war to lower car production by millions of units

A worker attaches a wiring harness to the chassis of an X model SUV at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019.Charles Mostoller | ReutersDETROIT – The war in Ukraine is expected to lower global...

Federal Reserve meeting:

The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth.After keeping its benchmark interest rate anchored near zero since the beginning of...

Here’s what the Fed’s rate hike means for borrowers, savers

The Federal Reserve raised its target federal funds rate by a quarter percentage point from near zero at the end of its two-day meeting Wednesday.The first increase in the benchmark rate in three years will lay the groundwork for six more hikes by year's...

Who could be in the running

Kevin Johnson, CEO, StarbucksScott Mlyn | CNBCStarbucks' board is searching for the coffee giant's next CEO after Kevin Johnson announced his plan to retire in April.Former CEO Howard Schultz will step in as interim chief executive for his third...

Lyft to add 55-cent surcharge to each ride because of higher gas prices

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights'' in Los Angeles, California,...

China targeted dad of Olympic figure skater Alysa Liu: DOJ

Alysa Liu of the United States performs during the figure skating women single skating free skating of the Beijing 2022 Winter Olympics at Capital Indoor Stadium in Beijing, capital of China, Feb. 17, 2022.Cao Can | Xinhua News Agency...

European ETF flows signal concern about recession

With the war in Ukraine still ongoing and the ripple effects being felt around the wider region, some investors are starting to worry about Europe sliding into recession.Arne Noack, head of systematic investment solutions, Americas, at DWS, said the...

Ukraine President Zelenskyy makes speech to Congress on Russia war

Ukraine President Volodymyr Zelenskyy invoked the attack on Pearl Harbor and the Sept. 11 terror strikes on America on Wednesday as he pleaded with the U.S. Congress to get more aid for his embattled country to fight against its...

Homebuilders’ sales expectations drop dramatically, as mortgage rates soar

A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November.George Frey | Bloomberg | Getty ImagesRising mortgage rates are starting to take their...

Mortgage demand falls as interest rates surge to multiyear highs

A home stands for sale in a Brooklyn neighborhood on New York City.Spencer Platt | Getty ImagesA sharp jump in mortgage rates last week soured demand from both current homeowners and potential homebuyers, causing mortgage applications to drop. With...
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The Fall of the ‘Sun King’ of French TV, and the Myth of Seduction

Patrick Poivre d’Arvor, known as a great seducer, has been accused by more than 20 women of rape, sexual assault and harassment in France’s belated #MeToo reckoning.
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