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The Latest Breaking News on Business

Another troubled motor oil company files Chapter 11 bankruptcy

The Houston-based oil refining company files for Chapter 11 bankruptcy seeking to recapitalize its balance sheet or sell its business.

The Street

Polar Semiconductor receives $123M in CHIPS Act money — company named as the first CHIPS Act awardee

Polar Semiconductor, a manufacturer of power and sensor chips, is the first company to be officially awarded under the Biden administration's CHIPS Act.

Tom’s Hardware

Boeing confirms production of 737s has halted

Amid the ongoing union strike, “airplane production in Washington state is temporarily paused,” Boeing told Fortune.

Fortune

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Miami is at risk of a housing bubble

“Miami now shows the highest bubble risk among the cities in this study,” UBS said.

Fortune

Southwest plans to cut flights in Atlanta while adding them elsewhere. Its unions are unhappy

Southwest Airlines is planning to cut about one-third of its flights in Atlanta next year to save money, and employees affected by the change are furious

The Independent UK

Getting Fisker Oceans Fixed Just Got Way Easier

New service locations are open for business and are equipped with Fisker's diagnostic tool, the Fisker Owners Association said.

InsideEVs

Pelosi's Husband Sold $500K in Visa Shares Just Before DOJ's Lawsuit Hit, Tanking the Stock

Nancy Pelosi's husband, Paul Pelosi, sold 2,000 Visa shares less than three months before the US DOJ filed a lawsuit alleging the payments giant engaged in unlawful actions that cost Americans billions of dollars in additional fees.

International Business Times UK

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How Is EQT Corporation’s Stock Performance Compared to Other Oil & Gas E&P Stocks?

EQT Corporation has underperformed the Oil & Gas E&P industry over the past year, but analysts are moderately optimistic about the stock’s prospects.

Barchart

Coca-Cola Spiced is getting canceled after 7 months on the market

Coca-Cola Co. is discontinuing its newest “permanent” flavor a little more than seven months after putting the product on the market

The Independent UK

This is why a Southwest Airlines investor is telling shareholders to buy back shares ASAP

Major changes are being demanded at the airline.

The Street

Fisker Owners May Have To Pay For Recalls Out Of Pocket After All

Fisker flip-flopped again on whether customers will need to foot the bill for recall repairs. They will.

InsideEVs

Is Nordson Stock Underperforming the S&P 500?

Despite Nordson’s underperformance relative to the S&P 500 Index over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Barchart

New Home Sales Tops Views As Mortgage Rates Ease, KB Home Falls

KB Home stock fell premarket after its Q3 earnings report. August new home sales data is due Wednesday morning. Mortgage rates fall.

Investors Business Daily

Adobe Projects Record Holiday For E-Commerce. Amazon, Walmart Are Racing To Offer Early Deals.

Adobe projects e-commerce holiday sales growth will accelerate, helped by the type discounts from the likes of Amazon and Walmart.

Investors Business Daily

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The Street

Analyst resets Tesla stock price target ahead of Q3 deliveries

Tesla will report its third-quarter delivery details early next week.

Reason

Commerce Department Bans Chinese Car Components

Commerce Secretary Raimondo insists the rule "is a strictly national security action."

Salon

Crypto industry spends big to boost GOP

Moreno is challenging Democratic incumbent Sen. Sherrod Brown in what's considered a must-win race for both parties

Top News

Boeing Raises Offer Amid Strike, Union Remains Unconvinced

Boeing increases offer to IAM union during strike, impacting commercial jet production and US manufacturing.

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Fortune

California sues Exxon for having 'lied' about plastic recycling

ExxonMobil alone produced 6 million tonnes of new single-use plastics in 2021, more than any of its competitors.

The Independent UK

Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

International Business Times

Boeing Strike Continues As Workers 'Not Interested' In Revised Contract Offer

The International Association of Machinists and Aerospace Workers District 751 (IAMAW) said Tuesday that the survey results "were overwhelmingly clear, almost as loud as the first offer: members are not interested in the company's latest offer."

The Independent UK

Stock market today: Asian shares extend gains after China-driven rally

Shares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading

International Business Times UK

US Social Security Administration To Issue Two SSI Payments in One Month Due to Technicality

Supplemental security income (SSI) checks are issued on the first day of the month. However, they arrive earlier if the first falls on a weekend.

USAFacts

Is the US a bigger oil importer or exporter?

The US has been a net exporter of oil and petroleum products since late August 2021.

The Street

Boeing’s ‘final’ offer to striking workers doesn’t go as planned

Boeing has just faced a major setback in negotiations with thousands of workers who are currently on strike.

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