Watch live

Biz News

Amazon reports record $3.6 billion quarterly profit as sales growth slows

The company’s lucrative advertising and cloud computing businesses notched the bulk of its profits and helped boost margins. But overall first-quarter sales growth dropped to 17 percent, compared to 46 percent last year.

If you’re in debt, you don’t deserve a vacation

A personal finance columnist is not impressed with people who “save up” for a trip while neglecting college funds and credit-card balances.

White House implores GOP lawmakers to move quickly to raise debt ceiling

Other budget discussions have broken down, leaving lawmakers struggling to avoid a pileup for dangerous deadlines in September. Financial experts believe an economic crisis would occur if the debt ceiling isn’t raised.

Huawei reportedly gets the green light to participate in Britain’s 5G rollout, a would-be setback for the U.S.

Top British officials have decided to let the Chinese technology giant Huawei help develop an ultra-fast 5G wireless network in the United Kingdom, according to reports, in spite of pressure by U.S. officials to freeze out the company on security grounds.

Southwest, American warn investors of fallout from Boeing 737 Max grounding

The grounding as well as other factors cost the airline more than $200 million in revenue in its most recent quarter.

Amazon pulls in $3.6 billion profit and says it will offer free one-day shipping

The company’s lucrative advertising and cloud computing businesses notched the bulk of its profits and helped boost margins even as sales growth slowed.

Trump administration pushes for quick action to raise debt limit

Push comes as fiscal deadlines loom later this year for a gridlocked Congress and Democrats at war with Trump

Twitter CEO Jack Dorsey called Rep. Ilhan Omar after Trump’s tweet sparked a flood of death threats

Twitter chief executive Jack Dorsey privately phoned Democratic Rep. Ilhan Omar on Tuesday, more than a week after President Trump shared an incendiary video targeting the congresswoman that resulted in her receiving a flood of death threats.

Canada accuses Facebook of breaking privacy laws, promises to take the company to court

Canadian regulators on Thursday found that Facebook committed "serious" breaches of local laws over its mishandling of users' personal information, announcing they would take the company to court to force it to change its privacy practices.

Southwest, American warn investors of fallout from Boeing 737 Max grounding

The grounding as well as other factors cost the airline more than $200 million in revenue.