For the first time since President Trump launched a trade war, American households face price increases starting Sunday as many U.S. companies pass on price increases to customers.
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U.S. consumer spending grew 0.6% in July, a healthy gain that suggests American shoppers are driving the economy forward.
The U.S. economy grew more slowly in the spring, and many economists think the slowdown will complicate President Donald Trump’s hopes that a surging economy enhance his 2020 re-election hopes.
Purdue Pharma has been cast as a main villain producing the prescription painkiller OxyContin. An NBC News report said the privately held company has offered to settle for $10 billion to $12 billion.
A former Google engineer was charged Tuesday with stealing closely guarded secrets that he later sold to Uber as the ride-hailing service scrambled to catch up in the high-stakes race to build robotic vehicles.
An Oklahoma judge found Johnson & Johnson and its subsidiaries helped fuel the state’s opioid crisis and ordered the consumer products giant to pay $572 million.
Asian shares tumbled Monday after the latest escalation in the U.S.-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next.
Billionaire David Koch has died at age 79. Koch was a major donor to conservative causes and educational groups.
Although mass shootings do happen in places like the Walmart in El Paso, where 22 people were killed this month, small businesses are more likely to be the setting for gun violence.
In the wake of recent deadly shootings, an online petition calling for Walmart to stop selling guns is gaining steam.