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Saturday,  July 13 , 2024

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A hiring sign is displayed at a restaurant in Chicago, Thursday, June 27, 2024. On Thursday, July 11, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y.

Fewer Americans apply for jobless claims last week as labor market remains sturdy

A hiring sign is displayed at a restaurant in Chicago, Thursday, June 27, 2024. On Thursday, July 11, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y.

July 11, 2024, 7:50am Business

Fewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates. Read story

FILE - A sign for the Internal Revenue Service building in Washington, May 4, 2021.

IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

FILE - A sign for the Internal Revenue Service building in Washington, May 4, 2021.

July 11, 2024, 7:49am Business

The IRS announced Thursday that it has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care, and tax package signed into law… Read story

FILE - Plastic bottles of Pepsi are displayed at a grocery store in New York on Nov. 15, 2023. PepsiCo reported second quarter earnings results on Thursday, July 11, 2024. PepsiCo has leaned heavily into price increases over the past two years as its costs for ingredients and packaging rose. The fourth quarter of 2023 was the company&rsquo;s eighth straight quarter of double-digit percentage price increases.

PepsiCo’s second quarter profits jump but customers slow their purchases after years of price hikes

FILE - Plastic bottles of Pepsi are displayed at a grocery store in New York on Nov. 15, 2023. PepsiCo reported second quarter earnings results on Thursday, July 11, 2024. PepsiCo has leaned heavily into price increases over the past two years as its costs for ingredients and packaging rose. The fourth quarter of 2023 was the company&rsquo;s eighth straight quarter of double-digit percentage price increases.

July 11, 2024, 7:49am Business

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks. Read story

FILE - The United States Steel Mon Valley Works Clairton Plant in Clairton, Pa., is shown on Monday, Feb. 26, 2024. Generations of Pittsburghers have worked at steel mills, rooted for the Steelers or ridden the rollercoaster at Kennywood amusement park, giving them a bird&rsquo;s eye view of the massive smokestacks of Edgar Thomson Works, the region&rsquo;s last blast furnace. Now, steel town USA&rsquo;s most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that is kicking up an election-year political maelstrom across America&rsquo;s industrial heartland. (AP Photo/Gene J.

Sale of U.S. Steel kicks up a political storm, but Pittsburgh isn’t Steeltown USA anymore

FILE - The United States Steel Mon Valley Works Clairton Plant in Clairton, Pa., is shown on Monday, Feb. 26, 2024. Generations of Pittsburghers have worked at steel mills, rooted for the Steelers or ridden the rollercoaster at Kennywood amusement park, giving them a bird&rsquo;s eye view of the massive smokestacks of Edgar Thomson Works, the region&rsquo;s last blast furnace. Now, steel town USA&rsquo;s most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that is kicking up an election-year political maelstrom across America&rsquo;s industrial heartland. (AP Photo/Gene J.

July 11, 2024, 7:48am Business

Generations of Pittsburgh residents have worked at steel mills, rooted for the Steelers or ridden the rollercoaster at Kennywood amusement park, giving them a bird’s eye view of the massive Edgar Thomson Works, the region’s last blast furnace. Read story

Higher costs and low base fares send Delta’s profit down 29%. The airline still earned $1.31 billion

July 11, 2024, 7:48am Business

Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry. Read story

FILE - People enter Costco Warehouse in Cranberry Township, Pa., Friday, March 29, 2024. Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the popular warehouse chain prepares to raise its membership fees for the first time in seven years. (AP Photo/Gene J.

Costco raises annual membership fees for the 1st time since 2017, boosting them $5 to $10

FILE - People enter Costco Warehouse in Cranberry Township, Pa., Friday, March 29, 2024. Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the popular warehouse chain prepares to raise its membership fees for the first time in seven years. (AP Photo/Gene J.

July 10, 2024, 5:15pm Business

Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the popular warehouse chain prepares to raise its membership fees for the first time in seven years. Read story

The New York Stock Exchange, left, is shown on Wednesday, July 10, 2024, in New York.

Stock market today: S&P 500 tops 5,600 as Wall Street’s record-breaking rally keeps rolling

The New York Stock Exchange, left, is shown on Wednesday, July 10, 2024, in New York.

July 10, 2024, 1:47pm Business

Wall Street’s blistering rally stretched into a seventh day Wednesday and vaulted the U.S. stock market to more all-time highs. Read story

In this image from video provided by NASA, astronauts Suni Williams, left, and Butch Wilmore give a news conference aboard the International Space Station on Wednesday, July 10, 2024.

Astronauts confident Boeing space capsule can safely return them to Earth, despite failures

In this image from video provided by NASA, astronauts Suni Williams, left, and Butch Wilmore give a news conference aboard the International Space Station on Wednesday, July 10, 2024.

July 10, 2024, 12:58pm Business

Two astronauts who should have been back on Earth weeks ago said Wednesday that they’re confident that Boeing’s space capsule can return them safely, despite breakdowns. Read story