Breaking News: Business

Hawaii wildfires caused up to $6 billion in economic losses, Moody’s estimates

The catastrophic wildfires in Maui, Hawaii, have caused between $4 billion and $6 billion in economic losses, according to an…

Recalled baby products sold on Facebook draw the ire of powerful committee in Congress

WASHINGTON — House lawmakers cited the continuing sale of recalled baby products linked to infant deaths on Meta‘s Facebook in…

California braces for more flooding after Hilary drenches Los Angeles with record rain

California was bracing for more flash flooding on Monday as the first tropical storm to hit the state since the…

Biden vows Maui will decide how to rebuild after wildfires, promises to help ‘as long as it takes’

President Joe Biden on Monday vowed that the people of Maui will determine how the devastated town of Lahaina is…

Hawaii wildfires: ATF team with electrical engineer investigating cause of deadly blaze

The Bureau of Alcohol, Tobacco, Firearms and Explosives is deploying a team that includes an electrical engineer to investigate the…

Hawaii tapping outside investigator as wildfire response scrutiny grows

Hawaii will hire an independent investigator to look into how state and local agencies responded to catastrophic wildfires that have…

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…

UBS to pay $1.4 billion over fraud in residential mortgage-backed securities

Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering…

Death toll from Hawaii wildfires will rise as search teams comb Lahaina wreckage, governor says

The death toll, now at 96, from catastrophic wildfires in Hawaii is expected to rise significantly in the coming days…

Hawaii wildfires leave dozens dead, thousands homeless in one of the worst disasters in state history

Catastrophic wildfires in Hawaii have left devastation in their wake, killing dozens, leaving thousands homeless and reducing a historic town…