Topic: Business

The Department of Justice said Friday that cookware company Williams-Sonoma will pay a $3 million civil penalty and stop making false and misleading claims about the origins of its products to settle a federal complaint.

Before a forced sale or ban of TikTok takes effect, experts expect the company to take legal recourse against the U.S. government.

Key PCE U.S. consumer inflation rose 0.3% in March, according to Friday's Bureau of Economic Analysis report. It was in line with economists' expectations. For the year it was up 2.7% from a year ago.

ByteDance, the Chinese owner of TikTok, insisted Friday that it had no intention of selling the video-sharing app despite the threat of a U.S. ban hanging over it.

The satire publication The Onion has been sold, the latest in a string of sales for the quirky and popular publication, G/O Media announced Thursday.

A first-quarter financial loss has prompted Southwest Airlines to suspend service to four cities, the carrier announced Thursday.

Net neutrality rules were re-established Thursday by the Federal Communications Commission on a 3-2 party line vote in a win for Democrats.

U.S. gross domestic product slowed to a lower than expected 1.6% in the first quarter, according to a Thursday Bureau of Economic Analysis report. In the fourth quarter 2023 It was 3.4%.

Tesla blamed a sharp drop in profit in the first quarter on global supply issues, an attack on its European battery plant and competition from hybrid vehicles.

A third proposed increase in U.S. Postal Service stamp prices in about a year would have a "disparate impact" on seniors and others already affected by inflation, a U.S. representative says.