In a win for Abbott Laboratories, a federal judge in Chicago sided with the company Friday in the case of a woman who alleged that Abbott’s formula for preterm infants led to her daughter’s death.

The case had been scheduled to go to trial this week, and was supposed to be the first to be heard in federal court in Chicago over the issue of ...Read more

Rite Aid has filed for bankruptcy for the second time in less than two years, and the Philadelphia-based pharmacy chain intends to close or sell all of its remaining stores.

Rite Aid will “continue to engage in a marketing and sales process to identify the highest or otherwise best offer for all, substantially all, or a portion of the Rite ...Read more

Warren Buffett told Berkshire Hathaway shareholders that he plans to step down as CEO at the end of 2025 and recommended to the company’s board that his previously identified successor, Greg Abel, take over at that time, ending a 60-year career that created one of the greatest investment records of all time.

Buffett made the dramatic ...Read more

When the Federal Reserve decides what to do with interest rates to manage the economy, the data usually speaks for itself. Policymakers, for instance, knew they needed to rush to cut interest rates in 2020 as the gears of commerce came to a screeching halt at the onset of the coronavirus pandemic. Two years later, when inflation surged to a 40-...Read more

Sam's Club is going register-free and introducing an all-digital, AI-powered shopping experience for its customers, a move that has privacy advocates worried that the new AI tool could be used to unfairly target some customers with higher-priced items based on their shopping habits.

The all-digital approach started with the reconstruction of a ...Read more

LOS ANGELES — Amid a wave of unprecedented tariffs, anxiety is running high for truck drivers like Helen, who makes her living delivering cargo containers from the Los Angeles and Long Beach harbors to warehouses and other customers around Southern California.

After a strong start to the year, the number of jobs has started to slip in recent ...Read more

There’s a reason financial advisers keep recommending you save money for emergencies. More than one in three Americans needed to tap their emergency savings in the past year, according to Bankrate’s 2025 Annual Emergency Savings Report. But when you’re juggling debt, putting money toward savings can feel overwhelming. Many feel paying down...Read more

Q: I bought a 2021 Subaru Outback right off the showroom floor in May 2021. When I brought my vehicle into the Subaru dealership for service in November 2024, I was told the control arm bushings were torn and needed to be replaced at a cost of $710.63. Does this seem realistic, that is, the need to do this and the cost? My vehicle has less than...Read more

Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the conglomerate.

Greg Abel, the vice chairman for non-insurance operations, will take charge of the ...Read more

The day President Donald Trump’s sweeping new taxes on U.S. imports took effect last month, JPMorgan Chase & Co. CEO Jamie Dimon told a television interviewer that a recession was “likely.”

Hours later, Trump announced a 90-day pause on some of the steepest tariffs he’d announced just a week earlier on what he dubbed “Liberation Day�...Read more

West Coast lawmakers and port officials issued stark warnings Thursday about the growing economic risks for businesses and consumers from a full-blown trade war.

“Small businesses … are telling me the situation is as dire for them as it was during COVID,” said U.S. Sen. Patty Murray, D-Wash, speaking about the impacts of President Donald ...Read more

A decades-old shipping loophole that made imported goods cheaper for customers and boosted foreign e-commerce platforms such as Shein and Temu sunsetted Friday.

The 1938 provision, called the "de minimis" exception, formerly allowed shipments under $800 to enter the U.S. duty-free. Trump last month signed an executive order eliminating the ...Read more

Spirit AeroSystems, a key Boeing supplier, is temporarily laying off workers on its 737 production line.

Spirit, based in Wichita, Kansas, builds the entire fuselage for Boeing’s 737 Max planes and the forward fuselage for most of Boeing’s other commercial aircraft. The fuselages are constructed at Spirit’s Wichita factory and then ...Read more

SAN JOSE, California — The Bay Area tech industry’s jobs sector has nosedived to kick off 2025, a plunge punctuated by layoff plans recently disclosed by a San Jose company.

Set to take effect on June 28, NetApp disclosed plans to lay off 56 workers in San Jose, the company reported in a WARN letter it sent to the state Employment ...Read more

General Motors Co. will cut a shift at the automaker's Oshawa, Ontario, truck plant this fall in response to President Donald Trump's trade war with Canada, the company said Friday.

The Detroit automaker cited lower demand and the "evolving trade environment" in its decision to pare down manufacturing at the plant, which builds Chevrolet ...Read more

As the organized labor movement marked May Day this week, fledgling unions at Seattle-area giants worried that long-stalled negotiations may be dead in the water as the National Labor Relations Board shifts under the second Trump administration.

Union activity in Washington state swelled in 2022, with workers from Seattle-area companies like ...Read more

Wall Street’s risk-on brigade pushed the S&P 500 to its longest winning streak in two decades, with scars from April’s tariff shock healing on fresh signs of US-China diplomacy.

The S&P 500 and the Nasdaq 100 rose more than 1% each on Friday, notching a second straight week of gains. A dollar index dropped. Treasuries slid, with the policy...Read more

Florida Gov. Ron DeSantis has discovered a problem with the anti-immigration policies that once made him a GOP star. Luckily he has a solution.

The problem is that chasing immigrant workers out of his state created a labor shortage in some of its most important industries, such as construction, agriculture and tourism.

DeSantis' solution? Put ...Read more

President Donald Trump has set his sights on the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing congressional Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.

Trump asked House Republicans to mandate the government health program for low-income and disabled Americans ...Read more