World

Electric truck manufacturer Lordstown Motors, which was boosted in 2020 by the Trump White House, filed for bankruptcy Tuesday amid falling sales numbers.

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

Inflation is pushing many Americans to cut back on summer vacations and leisure activities, according to a recent survey by ScoreSense. Some have also turned to personal loans to cover expenses.

Tech giant IBM has finalized a deal for the software provider Apptio for $4.6 billion from Vista Equity Partners, giving the tech company greater automation capabilities.

The Biden administration Department of Transportation is awarding $1.7 billion for buying “low and no emission buses and transit projects across 46 states and territories."

Federal Trade Commission Chair Lina Khan is to "voluntarily appear" before Rep. Jim Jordan's House Judiciary Committee in July amid her agency's probe into Elon Musk's Twitter takeover.

Former Google CEO Eric Schmidt has taken Russian oligarch Andrey Guryev's superyacht off of Antiguan authorities' hands after placing a winning $67.6 million bid at auction.

The U.S. Supreme Court on Friday ruled in favor of Coinbase's efforts to stop customer lawsuits while appealing to move the proceedings out of courts and into private arbitration.

U.S. Federal Reserve Chair Jerome Powell said the Fed expects to raise interest rates again later this year after pausing rate increases during its June meeting.

Minnesota-based chemicals manufacturer 3M has reached a $10.3 billion agreement to settle lawsuits over contaminated U.S. drinking water systems.

Prime Minister of India Narendra Modi's visit to the U.S. attracted the interest of numerous high-profile CEOs who attended the White House state dinner marking Modi's trip.

Despite evidence of job growth, 75% of Americans said they fear widespread job losses, a Morning Consult survey showed. But a strong labor market may also push the Federal Reserve to keep increasing interest rates, as Americans cope with high inflation, reports have shown.

Overstock.com's auction win includes Bed Bath & Beyond's intellectual property and mobile platform, though the home good's retailer's stores are not part of the purchase.

Former Nissan Chairman and CEO Carlos Ghosn says his defamation lawsuit against the automaker aims to end "a massive PR campaign" to "defraud" him after 20 years at the helm.

OceanGate Expeditions co-founder Guillermo Söhnlein broke his silence on the missing Titan sub and gave hope that there's still time to rescue the crew.

Walt Disney CEO Bob Iger is focused on giving company shareholders confidence despite losing his CFO and head of diversity, according to an analyst interviewed by FOX Business.

U.S. Federal Reserve Chair Jerome Powell testified before a House panel on Wednesday, saying more rate hikes are on the way, after the central bank paused hikes last week.

Horizon Maritime executive Sean Leet says the equipment used to locate the missing submersible is among the "finest" and "most capable" in the world.

OceanGate Expeditions CEO Stockton Rush, who is onboard the missing Titan submersible, once explained in an interview why he didn't hire captains with military experience.

Texas Republican Sen. Ted Cruz sounded off on Hunter Biden's plea deal, arguing the president's son was indicted as 'camouflage' for the DOJ's Trump vendetta.