Business

The stock market headed toward fresh all-time highs, with the Dow Jones Industrial Average hitting the historic 40,000 mark to extend an advance that’s been fueled by bets the Federal Reserve will be able to cut rates this year.

WASHINGTON — The Supreme Court on Thursday upheld the U.S. consumer protection agency that was created under President Barack Obama and congressional Democrats to protect Americans from financial scams. By a 7-2 vote, the justices rejected a constitutional claim brought by a coalition of payday lenders who had won before a panel of three Donald Trump appointees on the 5th Circuit Court of ...

 General Motors' autonomous car company, Cruise, has reportedly agreed to pay an $8-million to $12-million settlement to a woman who was hospitalized after getting dragged along the pavement by a self-driving taxi in San Francisco last year.  

New US home construction rose by less than forecast in April and permits for new activity dropped, suggesting the recent rise in mortgage rates is giving builders pause.

Boeing Co. faces possible criminal prosecution after the US Justice Department found the company violated a deferred-prosecution agreement tied to two fatal crashes half a decade ago, intensifying the crisis engulfing the embattled US planemaker.

A measure of underlying U.S. inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.

Netflix has acquired the exclusive rights to two NFL Christmas games, the streamer's most aggressive move yet into live sports.

Red Lobster promised customers an endless supply of shrimp for $20 — a gamble the struggling restaurant chain hoped would help pull it out of its pandemic doldrums. But Americans, and their appetites, had other plans. 

The top US auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22 incidents in which the company’s cars were involved in collisions or may have violated traffic laws.

Boeing Co. delivered 24 commercial jets in April, its lowest monthly tally since February 2022, as the planemaker slowed production of its workhorse 737 Max and 787 Dreamliner widebody to focus on improving quality. 

Federal Reserve Chair Jerome Powell said the US central bank needs to be patient as it awaits more evidence that high interest rates are curbing inflation, doubling-down on the need to keep borrowing costs elevated.

Meme-stock traders again piled into shares of GameStop Corp. and AMC Entertainment Holdings Inc., a day after both soared in a revival of the retail frenzy.

“Bad Boys for Life” producer Doug Belgrad will join Netflix as its vice president of film as the streaming giant continues to beef up its movie ranks following a major shakeup.

Frank Blethen, 79, confirmed his plans Monday in a Seattle Times interview. He said he expects to retain his position as board chair of the Seattle Times Co.

The biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live Pulse survey.

Cocoa futures in New York saw the largest price drop in records going back more than 60 years, with a forecast of wetter weather for key producers feeding further volatility to the market.