business news

State Department picks veteran diplomat Mark Lambert as top China policy official

The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter said, bringing in new leadership for a part of the department…

Kamala Harris touts strength of labor unions to build the middle class

WASHINGTON — Unions boost pay 10% to 15% for members and improve fringe benefits, bolstering the middle class and economy,…

Electric utilities face billions in wildfire liability with aging power lines risking another catastrophe

Electric companies in the western U.S. are facing mounting lawsuits alleging that their failure to prepare for extreme weather has…

Goldman Sachs unloads another business acquired under CEO David Solomon

Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning.…

Stocks making the biggest moves midday: RPT Realty, Mister Car Wash, Boston Scientific, 3M and more

Check out the companies making headlines in midday trading. RPT Realty — RPT Realty shares surged 17% after Kimco Realty,…

Why it’s hard to find an inexpensive new car these days — just one model has an average price below $20,000

It’s getting harder to find new, cheap cars, according to auto experts. Consider this: In July, just one car model…

Hawaiian Electric points finger at Maui County over devastating wildfires, stock jumps 40%

Hawaiian Electric is pushing back against a lawsuit filed by Maui County last week blaming the utility for triggering the…

Biden signs state of emergency order for Florida as Hurricane Idalia approaches

WASHINGTON — President Joe Biden approved an emergency declaration for Florida as Hurricane Idalia approaches and strengthens. Idalia is projected…

Trump vows to appeal after judge set federal election trial for March 4, 2024

A federal judge on Monday set a March 4, 2024, trial date in former President Donald Trump’s criminal election interference…