U.S. gas prices for August could be the highest for the year
Peak summer demand and declining levels of supplies, both domestic and foreign, mean spikes in the price of gas for U.S. consumers, market analyses find.
South Carolina energy companies ditch nuclear plant plans
Two South Carolina energy companies announced Monday they are scrapping plans to build a $14 billion nuclear plant near Columbia.
CBO: Sen. Sanders’ prescription drug proposal would save Americans $7 billion
A Congressional Budget Analysis estimates that a bill proposed by Sen. Bernie Sanders (I-Vt.) that would allow Americans to buy prescription drugs from other countries would save taxpayers nearly $7 billion over the next 10 years.
Wells Fargo cuts 70 senior manager positions amid weak profits
Wells Fargo's community banking division will cut 70 senior executive positions amid weaker profits since facing fines for the creation of fake customer accounts, the company announced Friday.
Amazon under federal investigation for possibly violating Iran sanctions
Amazon told investors it is under federal investigation after the web-based retailer admitted to selling products to at least one Iranian on the U.S. government's black list of people allegedly associated with terrorism, a violation of U.S. sanctions against Iran.
New Mexico private prison doesn’t have enough inmates to profit, will close
Private prison operators in New Mexico said they will close one of its prisons because it doesn't have enough inmates to make a profit.
Judge orders FAA to investigate seat room on flights
A judge ordered the Federal Aviation Administration to investigate whether airlines that have shrunk the size of and distance between seats are creating a safety hazard for passengers.
Trump threatens to halt Obamacare insurance subsidies
President Donald Trump on Saturday tweeted a threat to stop subsidies to health insurance companies after the Republican effort to repeal and replace the Affordable Care Act collapsed this week.
Wells Fargo to refund $80 million to car loan customers
Wells Fargo & Co. will refund about $80 million to approximately 570,000 customers who were improperly charged for car insurance, it announced.
Senate rejects ‘skinny repeal’ of ACA; Democrats urge cooperation
The Republican Party suffered a major loss early Friday after its "skinny repeal" of the Affordable Care Act failed to win enough votes to pass the Senate.
Starbucks to close all 379 Teavana locations
Starbucks announced it will close all 379 of its Teavana locations after the tea shop showed poor sales and didn't show any hope of improving.
Porsche pulls 22,000 vehicles for cheating emissions standards
The German government ordered 22,000 Porsche Cayenne sport-utility vehicles to be pulled after the carmaker was implicated in a diesel-cheating scandal.
Optimism on market rebalancing drags oil prices lower
Renewed optimism about the rebalancing of the crude oil market brought concerns about excitability and dragged the price for oil lower early Thursday.
Fed keeps interest rate unchanged amid low inflation
The Federal Reserve declined Wednesday to raise its benchmark interest rate amid a low inflation rate that's lagging despite a strong job market.