Breaking News: Business

Toyota financing arm fined $60 million by consumer watchdog for car loan scam

WASHINGTON — The U.S. financing arm for Toyota was fined $60 million Monday by a federal consumer regulator for preventing car buyers…

Sean Combs, Cassie settle her bombshell rape, sex trafficking lawsuit day after filing

The R&B singer Cassie and hip hop mogul Sean Combs on Friday agreed to resolve claims in a bombshell lawsuit…

Music mogul Sean ‘Diddy’ Combs sued for alleged rape, sex trafficking by singer Cassie

Hip-hop music and fashion mogul Sean “Diddy” Combs was hit Thursday with a civil lawsuit accusing him of raping and…

Burberry shares sink 9% as luxury spending slowdown bites

LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will…

Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul

Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…

Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions

The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling…

IRS data reportedly shows Buffett traded Berkshire stocks in personal account, according to ProPublica

Warren Buffett reportedly traded stocks in his personal account that his conglomerate Berkshire Hathaway was buying and selling, a practice…

Democrat Gabe Amo projected to win open House seat in Rhode Island

Democrat Gabe Amo is the projected winner of the election for Rhode Island’s 1st Congressional District on Tuesday, according to…

Mississippi Gov. Tate Reeves faces challenger Brandon Presley, Democrat who ran on expanding Medicaid

Mississippi Gov. Tate Reeves, a Republican, faces a surprisingly competitive race Tuesday as his Democratic challenger Brandon Presley champions expanding…

Virginia’s House and Senate are up for grabs, with abortion access at stake

Virginia’s narrowly divided legislature is up for grabs Tuesday, as voters head to the polls in an election that could…