Business

The Federal Reserve cut the federal funds rate by 25 basis points. It's the first policy decision since Tuesday's presidential election.

Federal Reserve cuts interest rate by 25bps in first post-Election move

"We must accept the results of this election." Vice President Kamala Harris concedes the election to Donald Trump.

Harris concedes presidential election to Trump

The clean energy sector is in the midst of reacting to potential policy changes after President-elect Donald Trump's victory.

Clean energy sector reacts to potential policy shifts after Trump victory

TGI Friday's franchisees are worried they will be on the hook for nearly $50 million in gift cards after the company filed for bankruptcy.

TGI Friday’s franchisees worried over $50M in gift cards amid bankruptcy

The Trump trade is back on and bigger than ever. The stock market broke multiple records on Trump's win while Trump Media and Tesla soared.

Stock market soars to records on Trump election victory

Proposition 36, a new California ballot measure, passed overwhelmingly, increasing penalties for certain drug, theft, and property crimes.

California votes to crack down on crime as ballot measure passes

Voters in three red states have passed measures requiring paid sick leave for employees.

Paid sick leave passes in 3 red states during election

Americans in four states voted on marijuana measures on Tuesday, Nov. 5. Two measures passed while three others failed.

Marijuana measures run into strong opposition during 2024 election

Facebook's parent company Meta has halted plans for a nuclear-powered data center after discovering a rare bee species near the project site.

Rare bee discovery halts Facebook parent Meta’s nuclear power plans

Netflix offices in Europe raided by tax fraud investigators: Reports

It's taking Americans a decade longer to buy their first homes compared to previous generations as boomers dominate the home-buying market.

The average home buyer is 56 years old as first-time buyers fall to historic lows

The New York Times' tech team has gone on strike, threatening the newspaper's real-time coverage of Election Day results.

New York Times’ tech staff walks out before Election Day

Demolition has started at New Orleans' abandoned Six Flags, closed since Hurricane Katrina. The site is set for redevelopment.

Years after Hurricane Katrina, demolition at Six Flags in New Orleans begins

The business world is watching the 2024 presidential election as tariffs could come after a Trump win.

Businesses prepare for effects of possible tariffs if Trump wins

Investors think the dollar would weaken in a Harris economy and strengthen in a Trump-led economy. But why?

Why investors think a Kamala Harris victory leads to a weaker dollar

Warren Buffett’s Berkshire Hathaway has been unloading a huge portion of its Apple holdings over the last nine months.

Warren Buffett keeps selling Apple stock to hoard cash. But why?

Boeing workers voted to accept the company’s latest contract offer Monday night, putting an end to the costliest strike in the U.S. in more than two decades. Members of the International Association of Machinists voted 59% in favor of the deal.

Boeing union members accept new contract ending strike

Election Day 2024 is finally here. Hear former President Donald Trump and Vice President Kamala Harris’ final pitches to supporters.

Trump, Harris vie for the White House as Election Day arrives

After a strong October for the "Trump trade," today's markets are paring down bets on the former president ahead of the election.

Markets are more uncertain about Trump victory in final days

TV networks and streaming services are bringing out their latest advancements in election night coverage to win your vote.

TV networks, streaming services add features to win election night

Wendy's plans to close 140 outdated locations, replacing them with modernized restaurants featuring updated tech and design.

Wendy’s to close 140 underperforming, outdated locations

The striking union warned they "risk a regressive or lesser offer in the future" if members don't vote yes on Boeing's latest contract offer.

The best it gets? Boeing machinists union urges striking members to vote yes

Ford is halting production of the F-150 Lightning, as the automaker‘s electric division is set to incur a loss of around $5 billion this year.

Ford halts F-150 Lightning production amid $5B in EV losses

A new kind of schizophrenia drug promises fewer side effects.

FDA approves new drug for schizophrenia, promises few side effects