Business category, Page 18

Southwest Airlines, long favored by travelers for its free checked bags, is ending that popular policy. Starting Wednesday, most Southwest passengers will pay $35 for their first checked bag and $45 for the second, the New York Times reported. However, customers flying Business Select or those with high loyalty status...

FRANKFURT, Germany — Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces challenges from trade tensions and resulting economic uncertainty. The company said Monday that around 1,200 of the job reductions would come among workers in Sweden, with another 1,000 positions...

HARRISBURG — U.S. Sen. David McCormick said Tuesday that an arrangement that will allow Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of board members from the United States and U.S. government approval over certain corporate functions. The Pennsylvania senator spoke on CNBC,...

DETROIT — The U.S. Energy Department ordered a Michigan coal-fired power plant to remain open, at least until late August, citing possible electricity shortfalls in the central U.S. State regulators immediately fired back, saying it’s unnecessary to keep Consumers Energy’s J.H. Campbell plant open. It was supposed to close May...

President Donald Trump’s media company said Tuesday that institutional investors will buy $2.5 billion in the company’s stock with the proceeds going to build up a bitcoin reserve. About 50 institutional investors will put up $1.5 billion in the private placement for common shares in the company and another $1...

It’s the last day to book a flight on Southwest Airlines without being hit with a fee to check bags after the airline abandoned a decades-long luggage policy that executives once described as key to differentiating the budget carrier from its rivals. The airline announced the change in March, saying...

LONDON — Tesla sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to data released Tuesday. The numbers are the latest indication of how much the Tesla brand is suffering because of the backlash against billionaire CEO Elon Musk...

You probably wouldn’t bet on a horse that usually finishes in the middle of the pack. But, in the stock market, sometimes that’s a good idea. Once a year, I write about my “Do Nothing Club,” a group of stocks that linger near their prices from a year ago but...

ORLANDO, Fla. — Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections. The move was made to make sure that the employees were not in violation of...

The Committee on Foreign Investment in the United States (CFIUS) remains divided on whether U.S. Steel’s proposed sale to Tokyo-based Nippon Steel presents a national security risk, but most panel members think there’s a path forward for the deal. Reuters broke the news Thursday, citing an anonymous White House official....

Macy’s announced they are recalling About 16,300 of their infant pajamas due to a potential hazard. According to the Consumer Product Safety Commission, the department store chain is recalling its Holiday Lane Infant Footed Pajamas because the elastic on the pajamas’ ankles can be too tight and restrict blood circulation....

WASHINGTON — President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on Apple products unless iPhones are made in America. The threats, delivered over social media, reflect Trump’s ability to disrupt the global economy with a burst of...

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season. The rate increased to 6.86% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A...

An AI-generated book list with imaginary book titles and nonexistent plots was published by two renowned newspapers — the Chicago Sun-Times and the Philadelphia Inquirer. The articles were published in the papers’ “Heat Index” special sections, a multipage insert filled with tips, advice and articles on summertime activities, The Washington...

Bitcoin hit a new all-time high as the world’s most popular cryptocurrency reached price levels not seen since President Donald Trump’s inauguration. The digital asset traded above $109,400 Wednesday morning, a huge increase from recent lows of about $75,000 last month. Several other cryptocurrencies have seen similar large gains in...

NEW YORK — Sales at Target fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, pull back on spending. Target also said that customer boycotts have also...

Levi Strauss & Co. is shedding its Dockers khakis from its corporate closet to focus on what it does best, for what seems like forever: Blue jeans. The 172-year-old San Francisco-based clothier is selling its Dockers line to Authentic Brands Group for $311 million. The price could surge to $391...

Nippon Steel Corp. has bolstered its pledge to invest in United States Steel Corp. in the event that President Donald Trump approves the Japanese company’s proposed $14.1 billion takeover, according to people familiar with the matter. Nippon Steel is now offering to build a new steel mill, save existing steelworker...

The Trump administration is allowing work on a major offshore wind project for New York to resume. The developer, the Norwegian energy company Equinor, said Monday it was told by the federal Bureau of Ocean Energy Management that a stop-work order has been lifted for the Empire Wind project, allowing...

NEW YORK — After recovering from an initial jolt, U.S. stocks, bonds and the value of the U.S. dollar drifted through a quiet Monday following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 edged up by 0.1% after Moody’s...

CBS News CEO Wendy McMahon said Monday that she is resigning after four years, the latest fallout at the network as its parent company considers settling a lawsuit with President Donald Trump over a “60 Minutes” interview with his former political opponent. McMahon, who has led both the network news...

WASHINGTON — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes — tariffs — would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually eased last month, and hiring was solid in...

NEWARK, N.J. — New Jersey Transit’s train engineers reached a tentative deal Sunday to end their three-day strike that had halted service for some 100,000 daily riders, including routes to Newark airport and across the Hudson River to New York City. The union said its members would return to work...