Business category, Page 134

Even coming off its fastest annual growth in 37 years, the U.S. economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports and entertains us. The problem has been building since pandemic-related lockdowns shut down major Asian chip factories more...

DETROIT — Tesla is recalling nearly 579,000 vehicles in the U.S. because a “Boombox” function can play sounds over an external speaker and obscure audible warnings for pedestrians. The recall is the fourth made public in the last two weeks as U.S. safety regulators increase scrutiny of the nation’s largest...

NEW YORK — A clutch of lifestyle and pop culture magazine titles — including Entertainment Weekly, InStyle and Health — will end their print editions and go digital-only. The six magazines — also counting EatingWell, Parents and People en Español — were formerly owned by Meredith Corporation and will be...

Technology companies and banks helped drive stocks higher Tuesday on Wall Street, as the market bounced back from an early slide to more than make up its losses from the day before. The S&P 500 rose 0.8% after having been down 0.4%. More than three fourths of the stocks in...

The Justice Department is standing by a settlement it reached with Boeing for deceiving regulators who approved the 737 Max, despite personal pleas to Attorney General Merrick Garland from relatives of passengers who died in crashes of Max jets. In a filing Tuesday, the Justice Department asked a federal court...

A handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021. Bill Gates and Melinda French Gates topped the list, pledging $15 billion to the Bill & Melinda Gates...

DETROIT — Hyundai and Kia are telling the owners of nearly 485,000 vehicles in the U.S. to park them outdoors because they can catch fire even if the engines have been turned off. The recalls from the two Korean automakers are another in a long string of fire and engine...

Covid-19 vaccine sales boosted Pfizer earnings well past fourth-quarter expectations, but the drugmaker has set a lower-than-expected bar for 2022. Pfizer debuted on Tuesday annual forecasts for both earnings and revenue that fell short of analyst expectations even as the drugmaker expects another robust year of sales from its vaccine,...

The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the exercise and treadmill company. Barry McCarthy, who served as CFO at Spotify as well as at Netflix, will take over the CEO position held by John Foley, effective Wednesday. McCarthy will also...

U.S. government officials said Monday that they reached an agreement to essentially lift the 25% tariff that former President Donald Trump imposed on imported Japanese steel. The deal with Japan would exclude the first 1.25 million metric tons of imported steel from the tax. That amount of steel is equal...

It’s been a rough year for the stock market so far. Here are three stocks that are bucking the downtrend and that also are relatively inexpensive, selling for 15 times earnings or less. These stocks have managed to rise even as the Standard & Poor’s 500 Total Return Index fell...

MENLO PARK, Calif. — Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of directors of Facebook parent company Meta. The company said Monday that Thiel will stay on until Meta’s next shareholder meeting later this year, where he will not stand...

WASHINGTON — The IRS said Monday it will suspend the use of facial recognition technology to authenticate people who create online accounts after the practice was criticized by privacy advocates and lawmakers. The agency said it would no longer use a third-party service, called ID.me, for facial recognition. Critics of...

Video clips of basketball highlights. Digital works of art. A yacht in the metaverse. Cartoons of apes, cats, frogs and hipsters. These are just a few examples of the digital collectibles sold as non-fungible tokens, many at forehead-slapping prices. NFTs have become a hot commodity among crypto investors and celebrities,...

Frontier Airlines and Spirit Airlines are proposing to combine in a $2.9 billion deal that would create a larger discount airline to compete against the nation’s dominant carriers and, they say, promote lower fares. Both are ultra-low-cost carriers that tempt travelers with rock-bottom prices for no-frills service but often generate...

Sorry chocolate lovers, even your favorite candy isn’t immune from inflation. The Hershey Co. announced recently it is planning “list price increases across all segments” as a way to drive sales growth. The company said the hikes will offset rising labor and ingredient costs. “Pricing will be an important lever...

ATLANTA — Delta Air Lines is asking the U.S. Justice Department to create a national no-fly list of passengers who have been convicted for on-board disruptions. Ed Bastian, CEO of Delta, wrote a letter to U.S. Attorney General Merrick Garland this past week saying such a “national, comprehensive unruly passenger...

WASHINGTON — President Joe Biden on Friday extended tariffs imposed by former President Donald Trump on most solar panels imported from China and other countries. But in a nod to his efforts to combat climate change and boost clean energy, Biden excluded tariffs on some panels used in large-scale utility...

NEW YORK — Kohl’s says that recent offers to purchase the department store chain undervalue its business and that it is adopting a shareholder rights plan to head off any hostile takeovers. The shareholder rights plan, known as a “poison pill,” is effective immediately and set to expire on Feb....

News Corp, publisher of The Wall Street Journal, said Friday that it had been hacked and had data stolen from journalists and other employees, and a cybersecurity firm investigating the intrusion said Chinese intelligence-gathering was believed behind the operation. The news company, whose publications and businesses include the New York...