The Securities and Exchange Commission is facing a new lawsuit in federal court, filed late Wednesday, after the agency denied an application to create an exchange-traded fund that would let investors bet on bitcoin via the stock market.
by Ephrat Livni / The New York TimesAmerican Airlines is offering pilots raises of nearly 17% by the end of 2024, a sign of the leverage that pilots enjoy as airlines struggle with a labor shortage.
by Associated PressStock indexes on Wall Street ended mostly lower Wednesday after another choppy day of trading as the market heads toward its fourth monthly loss this year.
by DAMIAN J. TROISE and ALEX VEIGA / AP Business WritersThe U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter.
by PAUL WISEMAN / AP Economics WriterThey call her, desperate, scared and often broke. Some are rape and domestic violence victims. Others are new mothers, still breastfeeding infants. Another pregnancy so soon, they say, is something they just can't handle.
by HEATHER HOLLINGSWORTH and LINDSEY TANNER / Associated PressThe pandemic has been bad for the country's local newspapers. But maybe not as bad as some people have feared.
by Staff and wire reportsBed Bath & Beyond's CEO was ousted Wednesday as the home goods retailer struggles to figure out what people want to buy.
by MICHELLE CHAPMAN / AP Business WriterAmazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. Wade.
by HALELUYA HADERO / AP Business WriterAn overwhelming and growing majority of Americans say the U.S. is heading in the wrong direction, including nearly 8 in 10 Democrats, according to a new poll that finds deep pessimism about the economy plaguing President Joe Biden.
by JOSH BOAK and EMILY SWANSON / Associated PressThe U.S. government this week is holding its first onshore oil and natural gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration's attempt to suspend such sales because of climate change worries.
by MATTHEW BROWN / Associated PressR&B star R. Kelly was sentenced to 30 years in prison Wednesday for using his superstardom to subject young fans — some just children — to systematic sexual abuse.
by TOM HAYS and BOBBY CAINA CALVAN / Associated PressWith travel prices soaring, customers might be tempted to pick the cheapest base option they find.
by SAM KEMMIS / NerdWallet via The Associated PressLeonardo Del Vecchio, who founded eyewear empire Luxottica in a trailer and turned an everyday object into a global fashion item, becoming one of Italy's richest men in the process, died on Monday, the eyeglass company said. He was 87.
by FRANCES D'EMILIO / Associated PressU.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they've been about the future in almost a decade.
by MATT OTT / AP Business WriterWhen President Joe Biden applauded a decision by Intel Corp. to build a $20 billion semiconductor operation on "1,000 empty acres of land" in Ohio, it didn't sit well with Tressie Corsi.
by ANDREW WELSH-HUGGINS and PATRICK ORSAGOS / Associated PressStocks closed broadly lower on Wall Street Tuesday, after a discouraging snapshot of U.S. consumer confidence stoked investors' worries about the risk that sharply higher interest rates and pervasive inflation could trigger a recession.
by DAMIAN J. TROISE and ALEX VEIGA / AP Business WritersInstagram is blocking posts that mention abortion from public view, in some cases requiring its users to confirm their age before letting them view posts that offer up information about the procedure.
by AMANDA SEITZ / Associated PressThe Federal Trade Commission said Tuesday that it has sued Walmart for allegedly allowing its money transfer services to be used by scam artists who stole "hundreds of millions of dollars" from customers.
by ANNE D'INNOCENZIO / AP Retail WriterAirbnb is making permanent its ban on parties at homes listed on the site for short-term rentals.
by Associated PressFifty people have died after being abandoned in a tractor-trailer in the sweltering Texas heat, one of the worst tragedies to claim the lives of migrants smuggled across the border from Mexico to the U.S. More than a dozen people had been taken to hospitals, including four children.
by ERIC GAY and ELLIOT SPAGAT / Associated PressFurious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.
by PAUL WISEMAN / AP Economics WriterPeople with hearing loss have a new ally in their efforts to navigate the world: Captions that aren't limited to their television screens and streaming services.
by TALI ARBEL / AP Technology WriterThe company planning to buy Donald Trump's new social media business has disclosed a federal grand jury investigation that it says could impede or even prevent its acquisition of the Truth Social app.
by Associated Press