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Economy News

Mattel CEO leaves after being at helm for 14 months

Mattel Inc. says that its CEO Margo Georgiadis is stepping down to pursue a new opportunity in the tech sector. The toy ...

Trump's divisive pick to run NASA wins narrow confirmation

NASA's latest nail-biting drama was far from orbit as the Senate narrowly confirmed President Donald Trump's choice of a tea ...

'Fearless Girl' to leave Wall Street's 'Charging Bull'

New York's "Fearless Girl" statue that has become a global symbol of female business prowess will be moved from her spot ...

Texas deputy stumbles upon suspect in Vegas picnic shooting

A disgruntled casino employee accused of shooting two executives at a company picnic in Las Vegas planned an escape and spent ...

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IMF Warns Risks of Rising Global Trade Tensions

The IMF is warning that rising trade tensions between the US and China risk undermining a solidly growing global economy.

Quake, at least 5.5 in magnitude, strikes southern Iran

An earthquake of at least magnitude 5.5 struck in southern Iran near the country's sole nuclear power plant on Thursday ...

Junichi Fukuda

Japan finance official quits over alleged sexual misconduct

A senior Japanese finance ministry official resigned Wednesday after being accused of sexual misconduct in the latest ...

Wynn Resorts expands board of directors, adds 3 women

Las Vegas-based Wynn Resorts expanded its board of directors Wednesday to 11 members, with the appointment of three women.

Amazon's reveals its Prime service has 100 million members

Amazon has persuaded more than 100 million shoppers to subscribe to its Prime service that offers free two-day shipping and ...

American Express 1Q profits rise 31 percent, helped by taxes

Credit card giant American Express recorded its second-highest quarterly profit in its history on Wednesday, driven by strong ...

Liquidation firms win bid for The Bon-Ton Stores

The Bon-Ton Stores, which operates 260 department stores in the U.S., is expected to go out of business after two liquidation ...

Largest maker of bump stocks will stop accepting orders

The largest manufacturer of bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, ...

Condemned House

Condemned Northern California house sells for $1.23 million

A condemned Northern California house with holes in the roof and mildew in the pipes sold last month for $1.23 million, a ...

Trump NASA chief choice rescued in last-minute vote switch

President Donald Trump's nomination of firebrand Republican congressman James Bridenstine to run NASA almost aborted on the ...

Douma chemical attack puts OPCW back in spotlight

The Organization for the Prohibition of Chemical Weapons has been thrust once again into the international limelight by a ...

Morgan Stanley posts record 1Q profit, helped by trading

Morgan Stanley's first-quarter profits hit a record high, helped by a lower tax bill and a boost in revenue from last ...

Japan fiscal year trade surplus with US up nearly 6 percent

Japan's trade surplus with the U.S. grew nearly 6 percent in the fiscal year through March, the first increase in two years, ...

Starbucks to close stores for an afternoon for bias training

Starbucks, moving swiftly to confront a racially charged uproar over the arrest of two black men at one of its stores in ...

CSX railroad

CSX railroad's first-quarter profit jumps to $695 million

CSX's first-quarter profit nearly doubled thanks to further cost cuts at the railroad and a restructuring that weighed on its ...

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Southwest Airlines Plane Makes Emergency Landing

A Southwest Airlines plane made an emergency landing at Philadelphia's airport with what appears to be a damaged engine on ...

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