WASHINGTON (AP) — President Donald Trump last week announced a proposal to change vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks. The plan, if finalized next year, would reduce fuel economy requirements, which set rules on how far new vehicles need to travel [...]
The longest federal government shutdown on record cost Delta Air Lines an estimated $200 million, CEO Ed Bastian said last week in the first disclosure by a United States airline regarding the shutdown’s financial impact. Bastian told investors that refunds “grew significantly” as bookings also slowed amid the uncertainty in air travel caused by the [...]
WASHINGTON (AP) — Applications for unemployment benefits fell to their lowest level in more than three years two weeks ago, potentially complicating the Federal Reserve’s decision this week on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’s 218,000, according to [...]
SAN FRANCISCO (AP) — After riding the artificial-intelligence craze to new heights, business software maker Salesforce has been hit by a wave of investor skepticism that’s intensified the pressure on its CEO Marc Benioff to reverse the tide. Benioff, who helped spearhead the transition to cloud computing after founding Salesforce in 1999, got a chance [...]
NEW YORK (AP) — Macy’s posted a surprise third-quarter profit and its strongest comparable sales in more than three years as an extensive overhaul of the 167-year-old New York department store begins to resonate with shoppers. After posting its back-to-back quarterly jumps in comparable sales, Macy’s earlier this week raised its financial guidance for the [...]
NEW YORK (AP) — Billionaires Michael and Susan Dell have pledged $6.25 billion to provide 25 million American children 10 and under an incentive to claim the new investment accounts for children created as part of President Donald Trump’s tax and spending legislation. The historic gift has little precedent, with few single charitable commitments in [...]
WASHINGTON (AP) — The Trump administration is pausing all immigration applications, such as requests for green cards, for people from 19 countries banned from travel earlier this year, as part of immigration changes in the wake of the shooting of two National Guard troops last week. The changes were outlined in a policy memo posted [...]