A grant program for Black women business owners is discriminatory, appeals court rules
A U.S. federal court of appeals panel suspended a venture capital firm’s grant program for Black women business owners on Monday, ruling that a conservative group is likely to prevail in its lawsuit claiming that the program is the discriminatory.
GameStop leaps in premarket as Roaring Kitty may hold large position
Shares of GameStop are soaring before the market open on Monday following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets.
From decay to dazzling. Ford restores grandeur to former eyesore Detroit train station
The once-blighted monolithic Michigan Central train station — for decades a symbol of Detroit’s decline — has new life following a massive six-year, multimillion-dollar renovation to create a hub for mobility projects in the rebirth of the Motor City.
Popular geothermal spa in Iceland reopens to tourists after nearby volcano stabilizes
The popular Blue Lagoon geothermal spa, one of Iceland’s biggest tourist attractions in the country’s southwest, has reopened after authorities said a nearby volcano had stabilized after erupting four days earlier.
Merrill Lynch agrees to pay nearly $20 million to settle class action racial discrimination lawsuit
Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisers.
Mortgage rates snap three-week pullback, pushing average rate on a 30-year home loan back above 7%
The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising prices.
Qatar's offer to build 3 power plants to ease Lebanon's electricity crisis is blocked
Lebanon's caretaker economy minister says the country's rulers, fuel companies and private electricity providers have blocked an offer by gas-rich Qatar to build three renewable energy power plants to ease the crisis-hit nation’s decades-old electricity crisis.
Best Buy extends streak of quarterly losses as Americans direct more money to essential purchases
Best Buy reported another quarterly drop in sales as the nation’s largest consumer electronics chain wrestles with cautious spending by Americans as they prioritize essential purchases and pay more for things like rent.
UN chief cites the promise and perils of dizzying new technology as 'AI for Good' conference opens
The U.N. telecommunications agency has kicked off its annual AI for Good conference in hopes of guiding business, consumers and governments on ways to tap the promise of the new technology but avoid its potential perils.
Less than 2% of philanthropic giving goes to women and girls. Can Melinda French Gates change that?
For years, less than 2% of philanthropic giving in the U.S. has gone to benefit women and girls, but that could change in part thanks to new resources that Melinda French Gates has pledged in recent weeks.
Mining giant BHP pledges to invest in South Africa economy as it seeks support for Anglo bid
Australian mining giant BHP Group has pledged to invest in South Africa's economy as it seeks support for a 38.6 billion pound ($49.3 billion) bid to acquire Anglo American, which was founded in the country more than a century ago and remains one of its biggest employers.
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation.