China now has the most companies on the Fortune 500 list
CBSN
Walmart is the world's largest company by revenue for the ninth consecutive year, and for the 17th time since Fortune magazine began ranking companies by size in 1995.
Fortune on Wednesday released its annual Fortune Global 500 list, a ranking of the largest and most profitable corporations worldwide. Saudi Aramco, the sixth-largest company in the world by revenue, is now the globe's most profitable company, with $105 billion in earnings, according to Fortune.
In 2021, businesses of all sizes faced an uphill climb overcoming financial setbacks triggered by the COVID-19 pandemic. This year, they face new challenges, including inflation, looming fears of a recession and Russia's war in Ukraine.
Japanese carmaker Nissan is backing out of merger talks with rival Honda. The merger was estimated to be worth more than $50 billion.
Space debris plummeting back to Earth could be a growing problem for aircraft, researchers warned in a new study.
Sporting gloves and a red ribbon to ward off evil, Ecuadoran police raiding a drug den apprehensively inspect an altar to Santa Muerte -- a Mexican "death saint" adopted by local gangs as their own talisman.
One person was dead and five others wounded in a "targeted" shooting in a warehouse in a Columbus, Ohio suburb late Tuesday night, authorities said.
Elon Musk's Department of Government Efficiency team has been given "read only" access to the Treasury Department's federal payment system, and federal expenditures have not been affected, the Treasury said in a letter to Congress late Tuesday.
A load of eggs worth about $40,000 was stolen from the back of a trailer in Pennsylvania over the weekend amid rising egg costs across the U.S.
Washington — The Senate on Tuesday confirmed Pam Bondi as attorney general, installing a key ally of President Trump's to take the helm of the Justice Department.
Washington — All overseas missions for the U.S. Agency for International Development, or USAID, have been ordered to shut down and all staff will be recalled by Friday, multiple sources confirmed to CBS News.
The vice presidency may have taken JD Vance out of the Senate, but his brief service there has turned out to be instrumental in the early weeks of the Trump administration.
President Trump has said part of his motivation for imposing now-paused tariffs on Canada was to force the country to crack down on illicit fentanyl trafficking — but very little of the synthetic opioid enters the U.S. through its northern border.
Billionaire Elon Musk is categorized as a "special government employee" through his work with the Department of Government Efficiency, or DOGE, a cost-cutting initiative created by President Trump to find ways to trim federal spending.
Washington — A group of transgender minors and their families filed a lawsuit on Tuesday that challenges President Trump's executive action restricting access to gender-affirming care for people under the age of 19.