US Business

U.S. existing-home sales dropped 17.8% in 2022 to their lowest level since 2014 as interest rates rose and the economy cooled.

Verizon and Southwest are among other companies expected to report as economists gauge the effect of higher interest rates.

In December, 826,000 unemployed workers had been out of a job for about 3½ to 6 months, up from 526,000 in April 2022.

The iPhone maker’s workforce grew 20% in the past three years, a far slower pace than rivals.

Rigs that haven’t been used in years are setting out to sea as demand for energy surges. “Everyone started drilling again.”

The defense has called the Tesla CEO’s 2018 tweets about taking the car maker private imperfect shorthand.

Federal prosecutors are investigating conduct at Abbott’s baby-formula plant in Michigan, which the company temporarily shut down last year after a potentially deadly bacteria was found.

A U.S. battery-cell factory that had been in the works between General Motors and LG Energy Solution has been shelved indefinitely.

The supermarket operator had been fighting opposition for months from attorneys general who tried to block the payout, as the company works to seal a merger with rival Kroger.

Netflix elevated longtime executive and heir apparent Greg Peters to the co-CEO role.