United States Business News

The incoming first couple have launched a pair of meme coins in the leadup to President-elect Donald Trump’s inauguration.

Move over billionaires. The first trillionaires are on their way.

Instagram has made changes in recent days that appear to be aimed at attracting TikTok users while the short-video app’s future remains in limbo.

The clock has run out on TikTok — at least for now.

Federal Reserve officials have worked hard to set interest rates at levels that minimize inflation and maximize employment over the past couple of years. And they’ve been remarkably successful, a historically rare feat to pull off.

Monday, January 20, commemorates the birthday of the Rev. Martin Luther King Jr. This year, the holiday coincides with President-elect Donald Trump’s inauguration, though the majority of business closures will be for MLK Day.

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

Europe’s generous welfare states are coming under increasing strain as weak economic growth collides with rising demands on government budgets, particularly from aging populations.

Some users are holding out hope that TikTok won’t be banned forever. Others are saving their videos and saying goodbye in the app’s final hours.

President-elect Donald Trump said he will “most likely” delay a ban on TikTok for 90 days after he takes office on Monday but noted he has not made a final decision in a phone interview with NBC News on Saturday.

The Chinese-owned company said it would cut off its services unless the U.S. assures Apple, Google and other companies that they would not be punished for hosting and distributing TikTok.

When Chad Comey heard sirens outside the Palisades condo he lived in with his parents last Tuesday, he didn’t think much of it. Then the fire alerts started.

Chinese companies moved production to Mexico to have tariff-free access to the US market under the USMCA trade deal. With President-elect Donald Trump now threatening tariffs, these companies and their Mexican hosts are planning their options if the trade restrictions come.

The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others.

The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury Secretary Janet Yellen said in a letter to congressional leaders on Friday. The notice comes just three days before President-elect Donald Trump takes office.

Federal employees and others in the capital have grown attached to work-from-home arrangements. But hybrid work may disappear in the second Trump era.

A jury in Florida has found CNN liable for defaming a US Navy veteran in a 2021 segment on Afghanistan that included him.

A “technical issue” of a third-party vendor that Capital One uses is affecting some of the bank’s customers to access deposits and other services.

A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.

The clock is ticking down on TikTok in America.

Masked customers are seen shopping at a supermarket in Nanjing, east China's Jiangsu province, on Jan. 17, 2025.

With the court signaling it will release a decision on Friday, lobbyists for the app pushed lawmakers to shift course.

The U.S. National Highway Traffic Safety Administration said it was opening a preliminary probe into vehicles manufactured by General Motors after receiving reports alleging engine failure.

There are steps you can take right now to help speed the process of repair and recovery after a devastating weather event, should you ever be directly hit.

Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.

Chinese social media platform Xiaohongshu, also known as RedNote, has been hiring for a surprising position in recent days: English-language content moderators.

China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.

The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank’s March 2023 collapse, one of the largest US banking failures.

Toyota Motor unit Hino Motors has agreed to a $1.6 billion settlement with US agencies and will plead guilty over excess diesel engine emissions in more than 105,000 US vehicles, the company and US government said on Wednesday.

With the U.S. government's TikTok ban set to kick in on Sunday, Americans have been flocking to an alternative social media platform, but it's another Chinese app, and experts say it could present the same, if not even more issues. There's been a surge in U.S. downloads of the Chinese-owned application Xiaohongshu, or "RedNote" as many users call it.  

Apple is temporarily pulling its newly introduced artificial intelligence feature that summarizes news notifications after it repeatedly sent users error-filled headlines, sparking backlash from a news organization and press freedom groups.

In its first results since its insurance unit CEO was fatally shot in New York City, UnitedHealth Group reported Thursday weaker-than-expected fourth-quarter revenue, prompting its shares to fall in early morning trading despite quarterly profit beating projections.

When President-elect Donald Trump recently floated the idea of annexing Canada, a key reason he gave was a claim that the United States was “losing $200 billion a year” to its northern neighbor.

Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive.

The nonalcoholic beverage industry could get a boost from the surgeon general’s warnings linking alcohol to some cancers. But don’t expect the industry to condemn your glass of pinot.

The outgoing Democratic chair of the Federal Communications Commission is taking bold action on the way out the door, rejecting what she described as four efforts to weaponize the government’s TV licensing authority for political purposes.

The Super Bowl has always been free to watch with an antenna, but for the first time, it’s streaming for free too.

Los Angeles was already in a housing crisis before the wildfires consumed large parts of the county: There weren’t enough homes to keep up with demand, making it one of the least affordable real estate markets in the country. Now, the word “crisis” fails to capture the situation on the ground. Thousands of people suddenly need homes. And thousands of homes are suddenly ash.

In the next few months, most Americans will be focused on getting their tax documents together to complete their 2024 returns.

TikTok is still three days away from a likely ban in the United States, but many users are already bidding the app farewell and seeking out alternatives.

President-elect Donald Trump is weighing a plan that could delay America’s TikTok ban, giving the new administration more time to potentially cut a deal with a US buyer to save the super-popular video app, sources familiar with the plans told CNN.

Prominent right-wing media personalities are calling on the federal government to withhold or place conditions on disaster aid for victims of the devastating Los Angeles wildfires, blaming California’s own policies for the scale of the devastation and response.

Vivek Ramaswamy, Elon Musk’s partner in an effort to cut government costs, could make decisions that ultimately make him and his investors richer.

A recent exodus of talent from The Washington Post has prompted more than 400 of its staffers to send an unusual letter to the Post’s owner, Jeff Bezos, expressing alarm over the newspaper’s direction and asking him to intervene.

A spokesperson for the coffee chain said the new rules are designed to help prioritize paying customers.

US stocks rallied Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.

FILE - Shipping containers are stacked on a pier at the Red Hook Terminal in Brooklyn, New York, Sept. 20, 2024.

The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.