BUSINESS

US inflation and consumer spending cooled in December

WASHINGTON -- The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that… Read more

Feds seize more than $600 million in assets from FTX founder Sam Bankman-Fried: Court filing

The federal government has seized more than $600 million in assets from disgraced cryptocurrency executive Sam-Bankman Fried this month, according… Read more

Here's what House Speaker McCarthy's chaotic election means for the economy and debt ceiling

House Speaker Kevin McCarthy, R-Calif., emerged with gavel in hand on Saturday after fierce Republican negotiations, but the concessions he made in… Read more

Musk says he can't get fair trial in California, wants Texas

WASHINGTON -- WASHINGTON (AP) — Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says… Read more

Another round of Coinbase job cuts, 20% of workforce let go

NEW YORK -- Cryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs… Read more

Car insurance rates to rise 8.4% in 2023: Report

As cooling inflation offers consumers much-needed relief, many car owners are in for a rude awakening when insurance renewal arrives this year, a new… Read more

OSHA: American retaliated against workers who reported fumes

FORT WORTH, Texas -- American Airlines will contest a small fine that it faces after federal officials ruled the airline retaliated against flight… Read more

Tesla offers rare year-end discounts on 2 top-selling models

DETROIT -- Tesla Inc. is offering rare discounts through year's end on its two top-selling models, an indication that demand is slowing for its… Read more

US inflation soared 7.9% in past year, a fresh 40-year high

WASHINGTON  — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982… Read more