Business News

Michigan Steel Plant Reportedly Planning…

CNBC reports about 200 workers will be affected.

Report shows US deficit to exceed $1 trillion…

The Congressional Budget Office says the federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year

Pentagon cancels billion-dollar missile defense project

The Pentagon is pulling the plug on a billion-dollar, technically troubled project to build a better weapon to destroy incoming missiles

AP FACT CHECK: Trump's false claims on fuel…

AP FACT CHECK: President Trump is misrepresenting the facts about his proposal to freeze Obama-era fuel economy requirements at 2021 levels by inflating the cost savings and minimizing the potential environmental harm

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Trump signs student debt forgiveness for disabled…

President Donald Trump signs student debt forgiveness for disabled veterans

Business Highlights

$248 million settlement reached with Chinese…

A proposed $248 million settlement has been reached in a decade-old federal court case over defective Chinese drywall that damaged homes and sickened residents

How major US stock indexes fared Wednesday

Stocks closed higher on Wall Street Wednesday as investors applauded encouraging quarterly results from Target, Lowe's and other retailers

Economic twilight zone: Bonds that charge you for…

A sign of economic pessimism: Bonds that charge you for lending money

Gulf of Mexico oil, gas lease bidding down from last 2 sales

Oil and gas companies made $159.4 million in high bids for federal leases in the Gulf of Mexico, down from sales in March and a year ago

Retailers' results show sharp divide between…

Retailers' results show sharp divide between losers, winners.

Germany's Merkel dangles possibility of…

German Chancellor Angela Merkel raised the possibility that a negotiated departure of Britain from the European Union might still be possible even as the clock is ticking on a deal that would satisfy both sides

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Markets Right Now: Big gains by retailers lead stocks higher

Stocks are closing broadly higher on Wall Street as investors applauded encouraging quarterly results from major retailers.

Fed officials widely divided on rates at July…

Fed minutes: Panel widely divided on interest rates at July meeting, with two officials pushing for bigger cut

Ellison's home improvement at Lowe's is paying off

Lowe's overcomes stormy spring weather in a very strong second quarter

Cost of spherical Vegas Strip venue put at $1.2 billion-plus

Company and project officials are estimating the costs of a spherical entertainment venue under construction on the Las Vegas Strip at between $1.2 billion and $1.7 billion

'Stranger Things' fans bring cameras, wallets to…

The success of Netflix's Stranger Things series has influenced more fans to visit filming locations in Georgia

The Latest: Farm chief warns UK that EU will not…

The European Union's agriculture chief says if British Prime Minister Boris Johnson lets the UK crash out of the EU without a deal on Oct. 31 it will create a "foul atmosphere" that will spill over into any negotiations on a future trade deal

US has 501,000 fewer jobs than first reported

Revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported

FAA cites risk in damaging sensors linked to Boeing crashes

The FAA is warning aircraft workers to be careful not to damage sensors that misfired in crashes of Boeing 737 Max jets

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Iran moves to strike 4 zeroes from its battered…

Iran's president sends bill to parliament to slash 4 zeroes off value of rial, country's sanctions-battered currency

Powell may signal future rate cuts, but would they matter?

Powell may signal future rate cuts in Jackson Hole speech, but would they matter much?

Shootings raise level of alarm at small businesses

Shootings in public places have made business owners aware that they and their staffers need to be educated about workplace violence