Economy

Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesSEC Chair Gary Gensler stepped up his attack… […]

The company test fires one of its Ripley rocket engines in Colorado.Ursa MajorA pair of Colorado space companies laid off employees this past week, seeking to adapt to the new normal of a tight funding environment.The layoffs came at Ursa Major, which makes rocket engines, and Orbit Fab, a startup aiming to provide refueling services… […]

A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | Reuters Free Wi-Fi? Free checked bag? Free snacks? On Spirit ? The Florida-based carrier that is practically synonymous with budget air travel in the U.S. said Tuesday that it plans to offer […]

In this photo illustration, the Alphabet Inc. logo seen displayed on a smartphone screen and the Google logo in the background. Jaque Silva | Lightrocket | Getty Images Britain’s competition regulator on Tuesday said it is investigating to see if Google parent Alphabet’s partnership with artificial intelligence startup Anthropic has resulted in reduced competition. The […]

Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Meta agreed to pay a record $1.4 billion to settle a lawsuit by the state of Texas over the Facebook owner’s unauthorized use of biometric data […]

A JetBlue Airways jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Fresh Mike | Reuters JetBlue Airways shares surged on Tuesday after the airline posted a surprise profit and said it would defer another […]

Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 28, 2022. Stephanie Keith | Bloomberg | Getty Images Federal regulators have determined that Amazon can be held responsible for defective goods sold by third-party merchants on its online marketplace, rejecting the company’s position that […]

The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped as much as 15% on Monday after the company reported better-than-expected second-quarter earnings. The stock was last up 14.62% when markets closed in Europe. Comparable group sales rose 2% to 4.5 […]

U.S. Supreme Court Justices attend as U.S. President Joe Biden delivers the State of the Union address at the U.S. Capitol in Washington, D.C., March 7, 2024. Evelyn Hockstein | Reuters President Joe Biden on Monday unveiled a three-pronged proposal to reform the Supreme Court, a policy area that he said will be a focus […]

A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s on Monday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales declined across every division. “Industry traffic has declined in major markets like the U.S., Australia, Canada, and Germany. In several markets, we also continue […]