business news

British retail sales plunge 2.3% in April, missing estimates

LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…

Here’s where the last $6 billion in CHIPS Act semiconductor award money is going

The rollout of the Biden administration’s CHIPS Act award money has so far focused on providing major awards for major…

Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment

Norfolk Southern has agreed to pay $310 million to settle charges over a toxic train derailment in East Palestine, Ohio,…

Golf champ Scottie Scheffler arrest video released, officer broke body camera rules

A Louisville, Kentucky, police detective violated department policy by not activating his body camera during his controversial arrest of Scottie…

Macron: French AI boom could help EU close tech innovation gap with U.S. and China

PARIS, France — Europe is pursuing AI innovation, tech regulation and competition with China in very different ways than the…

Nvidia shares close at record high after forecast signals unwavering demand for AI chips

Nvidia shares jumped more than 9% on Thursday after the company on Wednesday reported earnings that topped Wall Street estimates…

Auto insurance rates are jumping the most since the 1970s, but there could be relief soon

Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief…