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Europe reaches a deal on the world’s first comprehensive AI rules

European Union negotiators clinched a deal on the world’s first comprehensive artificial intelligence rules, paving the way for legal oversight of AI technology that has promised to transform everyday life…

Business Market News Top Story US

Wall Street drifts higher, weighing whether economy is too warm or just right

Business Market News Top Story US

US employers added a solid 199K jobs in Nov. Unemployment falls to 3.7%

Wall Street rises ahead of a highly anticipated jobs report Friday

December 7, 2023

The Nasdaq led gains among Wall Street’s major indexes on Thursday, driven by a rise in Alphabet shares, while investors looked forward to monthly payrolls data for clues on the…

US filings for jobless claims tick up modestly, continuing claims fall

December 7, 2023

U.S. applications for jobless benefits ticked up last week, but the overall number of people in the U.S. collecting unemployment benefits fell after hitting its highest level in two years…

Wall Street ticks up as investors hope for easier interest rates

December 6, 2023

Wall Street is hanging near its best level in 20 months Wednesday following the latest signals that pressure on inflation may be easing. The S&P 500 was 0.2% higher in…

Wall Street hangs near its best level in 20 months after mixed economic data

December 5, 2023

Wall Street is hanging near its 20-month high Tuesday after a mixed set of reports kept questions alive about whether the U.S. economy can pull off a perfect landing that…

US job openings fall to lowest level since March 2021 as labor market cools

December 5, 2023

U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains…

Wall Street retreats after Moody’s downgrades China’s credit rating

December 5, 2023

Wall Street is sagging again as a big rally that sent it to a 20-month high loses steam. The S&P 500 was 0.3% lower in early trading Tuesday and on…

Economists predict US inflation will keep cooling, economy can avoid a recession

December 4, 2023

Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to…

Wall Street loses ground ahead of key reports on the job market

December 4, 2023

Stocks slipped on Wall Street Monday ahead of some key reports this week on the job market that might provide more insight into the Federal Reserve’s thinking about interest rates.…

BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

December 2, 2023

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or…

New US rules, aimed at curbing China, could make it harder for EV buyers to claim a full tax credit

December 1, 2023

Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules proposed Friday that are likely to hinder President Joe…

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