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   NEWS: WASHINGTON POST BUSINESS
Washington Post Business
Nov 20, 2024

‘Potato cartel' mashed competition to raise french fry prices, lawsuits say
Several antitrust lawsuits accused top producers of conspiring to raise prices of frozen potato products, like french fries.

Washington Post Business
Nov 20, 2024

Billionaire Gautam Adani indicted in New York in alleged bribery scheme
Indian energy billionaire Gautam Adani, an ally of Prime Minister Narendra Modi, was indicted in New York for alleged bribery involving solar energy supply contracts.

Washington Post Business
Nov 20, 2024

Archegos founder Hwang sentenced to 18 years in prison
Prosecutors said Hwang is responsible for ‘one of the largest securities fraud schemes in history.'

Washington Post Business
Nov 20, 2024

Musk, Ramaswamy vow ‘mass head-count reductions' in U.S. government
The leaders of President-elect Donald Trump's ‘Department of Government Efficiency' outlined their efforts in a new Wall Street Journal editorial.

Washington Post Business
Nov 20, 2024

Grocers report egg shortage ahead of holidays amid surging bird flu
Avian influenza has affected more than 108 million poultry in 48 states since 2022, lifting prices and diminishing supply.

Washington Post Business
Nov 20, 2024

Retailers report egg shortage ahead of holidays amid surging bird flu
Avian influenza has affected more than 108 million poultry in 48 states since 2022, lifting prices and diminishing supply.

Washington Post Business
Nov 20, 2024

Trump eyes return of Russell Vought to key White House budget post
The president-elect is interviewing the author of a chapter of Project 2025 for a senior administration posting.

Washington Post Business
Nov 20, 2024

Retail giant Target lowers holiday expectations, even as a rival thrives
The day after Walmart predicted a strong fourth quarter, Target forecast a flat holiday shopping season as shoppers look for cheaper items.

Washington Post Business
Nov 20, 2024

How Trump's tariffs could spark a trade war and ‘Europe's worst economic nightmare'
European countries could be among those hardest hit if Trump follows through on tariffs. The European Union says it wants to negotiate but is prepared to retaliate.

Washington Post Business
Nov 20, 2024

New job? You may be leaving behind thousands in 401(k) savings.
People receive on average a pay bump of 10 percent when they switch jobs, but the amount they stash in their 401(k) accounts often drops.

Washington Post Business
Nov 20, 2024

Behind on retirement savings? Here's how you can save more in 2025.
If you're in your early 60s and have a 401(k), 403(b) or other workplace retirement account, you can supersize your contributions — to as much as $34,750.

Washington Post Business
Nov 19, 2024

As Trump, Elon Musk watch, SpaceX aborts Starship booster catch
The Starship program promises to help SpaceX, which has launched an unprecedented number of rockets, remain ahead of its rivals for government business.

Washington Post Business
Nov 19, 2024

SpaceX aborts Starship booster catch as Trump, Elon Musk watch
The Starship program promises to help SpaceX, which has launched an unprecedented number of rockets, remain ahead of its rivals for government business.

Washington Post Business
Nov 19, 2024

Trump selects Howard Lutnick, Wall Street CEO, as commerce secretary
The chief executive of Cantor Fitzgerald would be the Trump administration's top economic policy official if confirmed.

Washington Post Business
Nov 19, 2024

Watch live: Trump, Elon Musk to attend SpaceX's Starship launch 6th test flight
The Starship program promises to help SpaceX, which has launched an unprecedented number of rockets, remain ahead of its rivals for government business.

Washington Post Business
Nov 19, 2024

With Trump on hand, SpaceX's Starship to try another risky rocket catch
The Starship program promises to help SpaceX, which has launched an unprecedented number of rockets, remain ahead of its rivals for government business.

Washington Post Business
Nov 19, 2024

Trump expected to name Howard Lutnick, Wall Street CEO, as commerce secretary
The chief executive of Cantor Fitzgerald would be the Trump administration's top economic policy official if confirmed.

Washington Post Business
Nov 19, 2024

Walmart sees higher-income shoppers as a key to holiday sales growth
Households earning more than $100,000 made up 75 percent of its Walmart's market share gains in the third quarter, chief executive Doug McMillon said.

Washington Post Business
Nov 19, 2024

Want to speak Italian? Microsoft AI can make it sound like you do.
A new AI-powered interpreter is expected to simulate speakers' voices in different languages during Microsoft Teams meetings.

Washington Post Business
Nov 19, 2024

ChatGPT is little help for doctors in diagnosing diseases, study finds
The research, conducted with 50 physicians last year, found that using ChatGPT did not significantly improve doctors' diagnostic reasoning.

Washington Post Business
Nov 19, 2024

Musk's ‘DOGE' commission eyes new app for Americans to file taxes
The leaders of the "DOGE" commission are eyeing an idea pushed by President Joe Biden.

Washington Post Business
Nov 19, 2024

The upcoming housing battle that could roil mortgage costs even more
The first Trump administration tried to remove two mortgage giants, Fannie Mae and Freddie Mac, from government control. The second could finish the job.

Washington Post Business
Nov 18, 2024

Trump picks former congressman Sean Duffy to lead Transportation Dept.
The transportation secretary will be a key player in the relationship between the government and Elon Musk, CEO of SpaceX and Tesla.

Washington Post Business
Nov 18, 2024

Biden asks for nearly $100 billion for hurricane and disaster response
Biden asked Congress for $100 billion to respond to natural disasters and other emergencies, likely the president's final domestic spending request as he prepares to leave office

Washington Post Business
Nov 18, 2024

Spirit Airlines files for Chapter 11 bankruptcy
The low-cost airline filed for bankruptcy protection Monday. It will continue to operate as it seeks to restructure its debt.

Washington Post Business
Nov 18, 2024

‘Crocodile of Wall Street' gets prison time for role in huge bitcoin theft
Heather Morgan, the self-styled "Crocodile of Wall Street" who helped conceal her husband's theft of bitcoin now valued in the billions, was sentenced Monday.

Washington Post Business
Nov 18, 2024

Trump allies eye overhauling Medicaid, food stamps in tax legislation
As Republican leaders look for ways to offset the costs of a new set of tax cuts, social safety net programs are under discussion.

Washington Post Business
Nov 18, 2024

Calculate mortgages costs as interest rates remain near recent highs
See the difference in monthly costs between a typical mortgage signed today and one signed just a few months ago.

Washington Post Business
Nov 18, 2024

Trump seeks new candidates for treasury secretary
Trump's transition team is searching for a new treasury secretary candidate amid a deadlock between the two front-runners.

Washington Post Business
Nov 18, 2024

Spirit Airlines files for bankruptcy
The low-cost airline filed for bankruptcy protection Monday. It will continue to operate as it seeks to restructure its debt.

Washington Post Business
Nov 17, 2024

SpaceX domination of U.S. launch contracts is poised to grow
SpaceX is on a trajectory to remain the most dominant player in space launches for years to come as it makes strides with its heavy-duty Starship rocket program.

Washington Post Business
Nov 17, 2024

Millions may not have health coverage if subsidies return to pre-Biden level
Millions of people might lose or drop their health coverage when a Biden-era expansion of ACA subsidies expires next year.

Washington Post Business
Nov 17, 2024

The unconventional economic theory behind Trump's sweeping tariff plans
Michael Pettis, a Wall Street veteran who teaches finance in Beijing, says mainstream economists are wrong about trade.

Washington Post Business
Nov 17, 2024

Retiring soon? Plot a detailed budget first before tapping your 401(k).
Retiring soon? Plot a detailed budget first before tapping your 401(k)

Washington Post Business
Nov 16, 2024

Trump picks fracking firm CEO Chris Wright to be energy secretary
The executive has taken a defiant approach to fighting climate change by attacking policies that call for shifting away from fossil fuels.

Washington Post Business
Nov 16, 2024

Elon Musk's SpaceX all but owns the market for U.S. government launches
SpaceX is on a trajectory to remain the most dominant player in space launches for years to come as it makes strides with its heavy-duty Starship rocket program.

Washington Post Business
Nov 16, 2024

10 programs that could be on the ‘government efficiency' chopping block
Vivek Ramaswamy, Elon Musk's partner at Donald Trump's planned spending panel, suggested defunding programs that Congress no longer authorizes. Here are some of those.

Washington Post Business
Nov 15, 2024

Trump picks Burgum for ‘energy czar' — and interior secretary
Trump taps North Dakota Gov. Doug Burgum as both interior secretary and energy "czar" to oversee efforts to gut climate rules and expand fossil fuel production.

Washington Post Business
Nov 15, 2024

Relief from higher rates is uncertain, as Fed signals slower move on cuts
Fed watchers see a greater chance the central bank may skip a rate cut at its last meeting of the year in December.

Washington Post Business
Nov 15, 2024

In RFK Jr., drugmakers face an antagonist with regulatory power
Anxious and bewildered, some drugmakers are reaching out to their lobbyists about how Robert Kennedy's pending nomination will affect the Food and Drug Administration.

Washington Post Business
Nov 15, 2024

U.S. locks in $6.6 billion grant to Taiwanese chipmaker
The new Arizona factories of Taiwan Semiconductor Manufacturing Co. are expected to create thousands of jobs.

Washington Post Business
Nov 15, 2024

Mar-a-Lago intrigue rises as Trump eyes treasury secretary pick
Hedge fund executive Scott Bessent is expected to meet with the president-elect on Friday. Transition co-chair Howard Lutnick is also seeking the post.

Washington Post Business
Nov 15, 2024

Robby Starbuck declared war on DEI. Trump's win could add momentum.
Tractor Supply, Lowe's, Ford and other big companies altered some diversity, equity and inclusion policies after the conservative activist pressured them on X.

Washington Post Business
Nov 15, 2024

Credit card debt hit a record $1.17 trillion. It's a red flag for budgets.
Americans are putting more on plastic, a sign that household cash flow is shaky and spending is unsustainable.

Washington Post Business
Nov 15, 2024

Musk has long history of squabbles, investigations with federal agencies
Musk has long complained about federal agencies — particularly those that have investigated and fined his companies.

Washington Post Business
Nov 15, 2024

The disappointing history of government efficiency commissions like DOGE
Since at least the administration of Theodore Roosevelt, presidents have been appointing commissions to reform the government. Most have come up short.

Washington Post Business
Nov 15, 2024

The educational divide driving American politics to the right
It's not "the economy, stupid;" it's the noncollege voter. This week, we look at how Trump has solidified the educational divide that defines his era.

Washington Post Business
Nov 14, 2024

Ben & Jerry's accuses Unilever of silencing its pro-Palestinian stance
The ice cream brand, known for its activism, sued parent company Unilever, alleging it was blocked from calling for a cease-fire in Gaza.

Washington Post Business
Nov 14, 2024

Diversity will suffer with five-day office mandates, research suggests
Researchers say RTO mandates could hurt women and underrepresented workers, who are more likely to avoid companies that don't offer flexibility.

Washington Post Business
Nov 14, 2024

Fashion houses Tapestry and Capri end merger plan as FTC gets a luxury win
The parent companies of brands such as Coach, Kate Spade, Versace and Michael Kors decided not to proceed with a court battle.

Washington Post Business
Nov 14, 2024

CFPB looks to place Google under federal supervision, setting up clash
The CFPB aims to conduct more rigorous direct oversight of the tech firm, a major move that Google has resisted in the final months of the Biden administration.

Washington Post Business
Nov 14, 2024

Work Advice: Co-worker uses team chat as his personal platform
My co-worker dominates our office chat site with his oversharing and judgmental comments. How can I cope?

Washington Post Business
Nov 13, 2024

Trump aides explore plans to boost Musk effort by wresting control from Congress
The White House could challenge or seek to change a 1974 law that blocks presidents from choosing which programs to fund.

Washington Post Business
Nov 13, 2024

DirecTV says it will walk away from Dish deal after bondholders' rejection
DirecTV said it will abandon a plan to buy its satellite television rival after some bondholders refused to accept a steep discount on Dish parent EchoStar's debt.

Washington Post Business
Nov 13, 2024

Trump's tariffs, explained
Let's look at a family picnic to see how Trump's tariff policies could affect prices for you.

Washington Post Business
Nov 13, 2024

House narrowly rejects bill to give U.S. new power to vet nonprofits
Some Democrats worry the bill could give the incoming Trump administration broad new power to leverage the IRS against nonprofit organizations seen as political opponents.

Washington Post Business
Nov 13, 2024

Inflation rose right before the election, posing challenges for Trump
Wednesday's report shows inflation edged up at a 2.6 percent annual rate in October, compared with a 2.4 percent gain in the previous month.

Washington Post Business
Nov 13, 2024

Democrats make last stand for unions ahead of Trump administration
The National Labor Relations Board on Wednesday ruled to ban employers nationwide from forcing workers to attend anti-union meetings.

Washington Post Business
Nov 13, 2024

GM recalls 462,000 pickup trucks and SUVs over transmission issues
A transmission issue in some diesel engine vehicles can cause harsh shifting and rear-wheels to lock, according to documents filed with regulators.

Washington Post Business
Nov 13, 2024

Right before the election, inflation rose to 2.6 percent annual rate
Wednesday's report shows inflation edged up at a 2.6 percent annual rate in October, compared with a 2.4 percent gain in the prior month.

Washington Post Business
Nov 13, 2024

San Francisco bests Oakland in battle over airport names
Judge temporarily bars airport officials in Oakland from using San Francisco Bay as part of its name.

Washington Post Business
Nov 13, 2024

Live commerce surges as shoppers fork out cash online in real time
Live commerce surges as young male shoppers fork out cash online. TikTok Shop is already riding the boom, and Twitch may be the next frontier for shoppers with interests from gaming to personal grooming.

Washington Post Business
Nov 13, 2024

6 tips for picking the best health plan during open enrollment
The key to optimizing your medical coverage in the coming year — be it private employer, self-purchased or Medicare — comes down to asking the right questions.

Washington Post Business
Nov 13, 2024

Right before the election, inflation picked up
Economists expect Wednesday's report will show inflation edged up at a 2.6 percent annual rate in October, compared with a 2.4 percent gain in the prior month.

Washington Post Business
Nov 12, 2024

Trump taps Musk, Ramaswamy to oversee ‘drastic' changes to U.S. government
President-elect Donald Trump picked Elon Musk and Vivek Ramaswamy to lead a new commission on cutting government spending and regulation.

Washington Post Business
Nov 12, 2024

These tax cuts will go away without action by Congress and Trump
President-elect Donald Trump pledged to renew the tax cuts that he enacted in his first term, but keeping them around could add trillions to the federal deficit.

Washington Post Business
Nov 12, 2024

Trump expected to try to halt TikTok ban, allies say
The president-elect promised to ‘save' the social media app, which faces a deadline early next year to find a non-China-based owner.

Washington Post Business
Nov 12, 2024

Internet outage hits Verizon Fios customers across Northeast
Customers in the Mid-Atlantic and Midwest lost internet access briefly before service was restored early Tuesday.

Washington Post Business
Nov 12, 2024

Trump pledged more tariffs. We have no idea what they will do.
The calculus of tariffs has always been far more complicated than their effect on consumer prices — and even that is not as perfectly understood.

Washington Post Business
Nov 11, 2024

Trump eyes pro-crypto candidates for key federal financial agencies
The incoming administration has explored new personnel and policy that can deliver on Trump's campaign promise to turn the U.S. into the "crypto capital of the planet."

Washington Post Business
Nov 11, 2024

Minority-owned firms face ‘crisis' as affirmative action programs fall
Some cases making their way through federal courts could have catastrophic consequences for minority-owned businesses that do work for the federal government.

Washington Post Business
Nov 11, 2024

Minority-owned firms fear ‘crisis' as affirmative action programs fall
Some cases making their way through federal courts could have catastrophic consequences for minority-owned businesses that do work for the federal government.

Washington Post Business
Nov 11, 2024

The election was exhausting. Here's how to survive work afterward.
The U.S. presidential election is over, but you may still be feeling the emotional side effects. These expert tips can help you reset.

Washington Post Business
Nov 11, 2024

Congress set to extend government shutdown deadline into Trump's term
With Republicans on cusp of unified control of Washington, Congress appears primed to extend federal funding well into President-elect Donald Trump's term.

Washington Post Business
Nov 10, 2024

How to manage those awkward money conversations
Financial honesty can be brutally difficult, but there are ways to break the ice with partners, friends and family.

Washington Post Business
Nov 09, 2024

Treasury probe of cryptocurrency could pose conflict for Trump aide
Howard Lutnick, Trump's transition co-chair, has talked up Tether, which the government is looking into.

Washington Post Business
Nov 09, 2024

Scientists are wary and uncertain as Trump returns to power
Scientists are on high alert as Donald Trump returns to the White House, with implications for climate change and research.

Washington Post Business
Nov 09, 2024

Americans deliver message to Democratic Party: The economy isn't working
U.S. voters' decisive swing toward President-elect Donald Trump reflects dissatisfaction with recent inflation, as well as deeper fears about slipping financial security.

Washington Post Business
Nov 09, 2024

Half-million heaters sold on Amazon and TikTok recalled over fire risk
The recall comes after 113 reports of overheating, including seven reports of fires and one minor burn injury, the U.S. Consumer Product Safety Commission said.

Washington Post Business
Nov 08, 2024

Election result carries stock market to its best week in a year
The S&P 500, Nasdaq composite index and Dow Jones Industrial Average have been rising since Tuesday.

Washington Post Business
Nov 08, 2024

Trump victory opens door for historic tariff hikes
President Trump is readying the most extensive tariffs in nearly a century, but some of those historic levies will likely be used as bargaining chips in new trade negotiations.

Washington Post Business
Nov 08, 2024

Fearing Trump tariffs, shoe maker Steve Madden plans to cut China sourcing
The maker of trendy footwear expects that within a year, many of its U.S. imports will not be made in China.

Washington Post Business
Nov 08, 2024

China unveils $1.4 trillion stimulus in effort to boost flailing economy
The outlook is grim for the world's second largest economy, with growth slowing and the prospect of a new trade war following Donald Trump's electoral victory.

Washington Post Business
Nov 08, 2024

Got credit card debt? Don't go into the red on Black Friday.
Before you get too excited about the holiday deals flooding your in-box, do the math. More often than not, a retailer's discounts come with expensive caveats.

Washington Post Business
Nov 07, 2024

Did the polls miss again because nobody answered their phones?
The polls underestimated Donald Trump's support for the third straight time, despite a massive industrywide effort to avoid just that. What happened?!

Washington Post Business
Nov 07, 2024

Federal Reserve cuts interest rates again amid uncertain economic outlook
The Federal Reserve lowered interest rates on Thursday by a quarter of a percentage point, its second consecutive rate cut this year, as inflation continues to cool.

Washington Post Business
Nov 07, 2024

Elon Musk's Cybercab could get a boost from Trump White House
The billionaire Tesla CEO is in a stronger position to influence development of federal rules that would put more of the fully self-driving cars on the road.

Washington Post Business
Nov 07, 2024

Elon Musk's robot cars could get a boost from Trump White House
The billionaire Tesla CEO is in a stronger position to influence development of federal rules that would put more of the fully self-driving cars on the road.

Washington Post Business
Nov 07, 2024

How Trump's victory could boost Elon Musk's vision for robot cars
The billionaire Tesla CEO is in a stronger position to influence development of federal rules that would put more of the fully self-driving cars on the road.

Washington Post Business
Nov 07, 2024

Going full expat from the U.S. is tricky. Here's an easier option.
Whatever the outcome on Nov. 5, moving abroad to work remotely is becoming a real option. But it takes careful financial planning.

Washington Post Business
Nov 07, 2024

Fed cuts interest rates again, amid uncertain economic outlook
The Federal Reserve lowered interest rates on Thursday by a quarter of a percentage point, its second consecutive rate cut this year, as inflation continues to cool.

Washington Post Business
Nov 07, 2024

Trump's tax ideas could affect homeowners, older adults and middle class
Social Security recipients, people who earn tips and many businesses could see lower IRS bills if all of Donald Trump's tax policy ideas come to fruition.

Washington Post Business
Nov 07, 2024

Trump's return may help oil and Elon Musk. Retail and unions, not so much.
When Donald Trump assumes the presidency in January, he will have a chance to implement an economic vision that could change things for many businesses.

Washington Post Business
Nov 07, 2024

For Trump and Republicans in Congress, ‘everything is in play' on tax cuts
President-elect Donald Trump and a unified GOP Congress are poised to remake the country's tax code with major benefits for corporations and the upper class.

Washington Post Business
Nov 07, 2024

The Fed preps another rate cut, amid cloudy post-election outlook
The Federal Reserve is preparing to cut interest rates by a quarter percentage point, amid a cloudy economic outlook following Donald Trump's election win.

Washington Post Business
Nov 06, 2024

Crypto cash helps propel Trump, other allies to 2024 election victory
Many of the Democrats and Republicans backed by a trio of new crypto super PACs won their races Tuesday, illustrating the industry's political ascendance.

Washington Post Business
Nov 06, 2024

What business leaders said after Trump's election victory
The corporate world was divided ahead of the election, but many executives cozied up to Trump in the final stretch.

Washington Post Business
Nov 06, 2024

Dow rises 1,500 points as banks and Tesla gain after Trump win
Major indexes gained ground, with the Dow Jones Industrial Average, S&P 500 and Nasdaq composite index rising on the prospect of another Donald Trump presidency.

Washington Post Business
Nov 06, 2024

Stock markets and cryptocurrencies see gains following Trump's victory
Major indexes gained ground, with the Dow Jones Industrial Average, S&P 500 and Nasdaq composite index rising on the prospect of another Donald Trump presidency.

Washington Post Business
Nov 06, 2024

What Trump's victory could mean for oil companies and climate change policy
Trump's plans have the potential to send fossil fuel companies' profits soaring while threatening the world's climate goals.

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