Federal Reserve Chair Janet Yellen made clear in congressional testimony Wednesday she sees an economy that faces increased risk. Her assessment was sufficiently downbeat to practically remove the possibility of another interest rate hike at the Fed\’s next monetary policy meeting in March.
With the global economy in turmoil, interest rates on some government debt are falling below zero.
For the first time, companies can apply to set up fish farms in U.S. federal waters. The government says the move will help reduce American dependence on foreign seafood and improve security.
The lifting of sanctions allows Boeing to sell planes to Iran. But Iran, which still flies Boeing planes bought before the 1979 revolution, just announced a major deal with Airbus.
Analysts say the Super Bowl ads this year are funnier and more star-studded than in the past.
Drug companies are under increasing pressure to keep prices under control. At a hearing on Capitol Hill Thursday, lawmakers from both sides of the aisle blasted two companies that have instituted huge price increases. NPR explores how drug companies establish prices for a drug.
The company is the latest industry giant to report huge drops in earnings from 2014 to 2015. BP, Exxon and Chevron have also seen their revenues fall steeply.
CBS Corporation CEO Leslie Moonves is now executive chairman, following Redstone\’s resignation. Redstone, who is said to be ailing, is now chairman emeritus.
The Internet pioneer continues to lose money. Its fourth-quarter report shows a loss of $4.4 billion. Established in the days of dial-up modems, it has had trouble keeping up with life on the Web.
Jerky sales are soaring, thanks in part to millennials, who are snacking more than ever. Meat snacks are lightweight, high in nutrition and can travel long distances without spoiling.