Business news, explained for your life

Layoffs, mergers, supply chains, and the companies whose decisions show up in your job or your grocery bill. No stock tips, no cheerleading.

Business

Continental Resources announces agreement to drill in Venezuela

Continental Resources has signed an agreement to drill for oil in Venezuela's Orinoco Belt.

Business

Amazon raises minimum starting pay and introduces employee discount

Amazon has raised its minimum starting pay to nearly $24 an hour and introduced a new employee discount program.

Business

Kristen Silverberg appointed president and CEO of Business Roundtable

Kristen Silverberg has been appointed as the new president and CEO of Business Roundtable, succeeding Josh Bolten.

Business

Forbes reports on the wealthiest individuals in each state

The latest report lists the wealthiest individual in each state, highlighting economic disparities in the U.S.

Business

Canada promotes itself as a destination for global finance

Canada is hosting a global investment summit to attract foreign investment amid trade tensions with the US.

Business

Target plans to open new stores, with additional locations in development

Target plans to open new stores and has additional locations in development.

Business

Return to Office Mandates Impact Workplace Bias Exposure

Return-to-office mandates are changing workplace dynamics and exposure to bias.

Business

Jaguar Land Rover discusses selling Defender vehicle to NATO countries

Jaguar Land Rover is negotiating to sell the updated Defender military vehicle to NATO countries while competing for a UK defense contract.

Business

UK retailers fail to refund customers for returned goods, Which? reports

Several leading UK retailers are failing to correctly refund customers for returned goods, including delivery costs.

Business

Stocks related to AI decline following calls for a slowdown in development

AI-related stocks fell sharply after calls for a slowdown in AI development due to safety concerns.

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Business

Costco increases price of motor oil and imposes purchase limits

Costco has raised the price of motor oil and imposed purchase limits on customers.

Business

Carney promotes Canadian investment opportunities to global investors

Mark Carney is promoting Canada's investment opportunities in energy, minerals, and workforce to global investors amid trade tensions with the U.S.

Business

Aliko Dangote's oil refinery prepares for major initial public offering

Aliko Dangote's oil refinery is preparing for a major initial public offering on the Nigerian exchange.

Business

Oil prices rise above $108 following attacks on Saudi infrastructure

Oil prices rose above $108 a barrel after Saudi Arabia closed its east-west crude pipeline due to drone attacks.

Business

Rail passengers can switch operators for free when trains are cancelled

Rail passengers will now have the right to switch to other operators' services for free when their trains are cancelled.

Business

Amazon suspends contract with cargo company following runway incident

Amazon has suspended its contract with a cargo company after a jet operated by the firm collided with vehicles at Miami International Airport.

Business

Maine lobster industry faces challenges amid trade tensions and rising costs

The Maine lobster industry is struggling due to trade tensions and rising costs.

Business

Tesco reports scam ads using its brand to City of London police

Tesco has reported unauthorized ads using its brand image to the City of London police, amid a rise in brand misuse by unlicensed casinos.

Business

Trump's childhood home sells for $1.93 million

Trump's childhood home in New York City sold for $1.93 million after renovations.

Business

Trump expresses openness to Chinese automakers building plants in the US

President Trump expressed willingness to allow Chinese automakers to build manufacturing plants in the US.

Business

Employee alleges monitoring by Rockstar Games after union activity

A former employee of Rockstar Games alleges the company monitored workers after they engaged in union activities.

Business

Discussion on adopting Finland's approach to warship production

A proposal has been made to consider adopting Finland's approach to warship production in the US, focusing on efficiency over job protection.

Business

Woolworths raises prices on selected items during Price Freeze promotion

Woolworths raised prices on selected items shortly after launching a price freeze on 300 family staples.

Business

New battery-powered trains to be built in Derby for regional service

The UK government has announced plans to build 29 new battery-powered trains in Derby, creating local jobs and enhancing rail travel.

Business

SpaceX files lawsuit to block public records release in Texas

SpaceX has filed a lawsuit to block the release of its public records in Texas.

Business

Home sales decline to lowest level in over a year

Sales of existing homes decreased by 2 percent in August, reaching their lowest level in over a year due to rising mortgage rates and housing prices.

Business

Primark to introduce home delivery service in Great Britain

Primark will begin offering home delivery in Great Britain for the first time.

Business

Sapporo to relocate some beer production from Canada to the US

Sapporo is relocating its non-alcoholic beer production from Canada to the US due to tariff implications.

Business

New regulations may limit access to employer diversity data

New regulations will make it more challenging to obtain information about diversity metrics within companies.

Business

Changes may limit access to employer diversity data

New regulations are expected to make it more difficult to obtain information about workplace diversity.