Los Angeles bans new oil and gas wells and will phase out old ones over five years
More than half a million people in L.A. live within a quarter-mile of active oil and gas wells that release air pollutants like benzene and hydrogen sulfide.
CNBC US News
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Dec. 15.
'The Fed got the memo.' Here's what you can do to prepare for the coming rate hike
The Fed will raise interest rates this year. Here's what that means for you.
House debuts long-awaited response to Senate's China competition, semiconductor bill
The House of Representatives on Tuesday debuted a bill designed to boost U.S. semiconductor manufacturing and competition with China.
McDonald's McPlant burger made with Beyond Meat sold better than expected, analyst says
In December, participating McDonald's locations sold roughly 70 of the burgers it created with Beyond Meat per outlet every day, according to Piper Sandler.
Democrats' bid to keep the Senate will involve plans to fight inflation and promises for a renewed agenda
Democrats hope to overcome voters' anger over inflation and Covid, a stalled agenda, and President Biden's low approval ratings in Senate elections this fall.
GM to spend $6.6 billion on EV plant investments in bid to dethrone Tesla in electric car sales by 2025
GM has projected it will sell more than 1 million EVs globally by mid-decade and overtake Tesla as the top US-based seller of electric vehicles.
Intel has $1.2 billion antitrust fine overturned by EU court
A European Union court has overturned a 1.06 billion euro ($1.2 billion) antitrust fine that was levied against U.S. chipmaker Intel in 2009.
Buyers are bidding thousands of dollars for Ruth Bader Ginsburg's books in an online auction
The highest bid so far: $18,000, for a signed copy of "My Life on the Road," the memoir of leading feminist activist Gloria Steinem.
Microsoft beats on earnings and revenue, delivers upbeat forecast for fiscal third quarter
Azure cloud growth slowed below the 50% mark again even as Microsoft's customers enter longer-term contracts. Windows license revenue jumped 25%.
Trillion-dollar tech companies set to report quarterly results amid worst January slump since 2008
Apple and Tesla announce quarterly results this week as investors hold colliding viewpoints on how to value tech stocks.
White House seeks energy security plan for Europe amid Russia-Ukraine crisis
Last week, President Biden said "a disaster" awaits Russia after intelligence agencies warned that an attack on Ukraine could happen within a month.
Biden administration withdraws Covid vaccine mandate for businesses after losing Supreme Court case
Workplace safety regulator OSHA said it is pulling the vaccine and testing rules for businesses effective Wednesday.
Treasury yields climb with Fed meeting and geopolitical tensions in focus
U.S. Treasury yields rose Tuesday with investors focused on the Federal Reserve's policy meeting and geopolitical tensions.
McKinsey calculates the staggering capital spending required to reach net-zero by 2050
We'll have to spend an extra $3.5 trillion a year on physical assets for energy and land-use systems, says a new McKinsey report.
Airbus to rent out its giant Beluga aircraft in bet on air cargo boom
Airbus says it is starting its own cargo airline using its massive Beluga planes.
Tom Brady says family will play big role in whether he retires or returns to the NFL
Brady is the all-time NFL leader in passing yards, completions and passing touchdowns. He has won seven Super Bowls.
Consumers accuse small retailers of price gouging on Covid tests
While states warn against price gouging, sellers say they're just covering their costs and meeting demand.
J&J expects more than $3 billion in Covid vaccine sales this year in mixed quarterly report
J&J's revenue of $24.8 billion rose 10.4%, mostly driven by $1.82 billion in international sales of its Covid vaccine.
FTC sues to block Lockheed Martin acquisition of Aerojet Rocketdyne
The Federal Trade Commission on Tuesday moved to block Lockheed Martin's planned acquisition of Aerojet Rocketdyne.
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