US single-family housing starts rebound; tariffs an obstacle

U.S. single-family homebuilding rebounded in November as the drag from hurricanes faded, but the threat of tariffs on imported goods and potential labor shortages from mass deportations of immigrants could hamper new construction next year.

As bitcoin soars, luxury brands consider accepting crypto payments

Bitcoin's soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into fresh pockets of wealth and build loyalty with crypto investors.

US watchdog recommends Energy Department halt loans to green projects

The inspector general of the U.S. Department of Energy urged the agency's loan office to immediately halt issuing billions of dollars in loans to green projects, saying contractors who vet them may be serving both the agency and potential borrowers.

Supreme Court to consider TikTok bid to halt ban

The U.S. Supreme Court decided on Wednesday to hear a bid by TikTok and its China-based parent company, ByteDance, to block a law intended to force the sale of the short-video app by Jan. 19 or face a ban on national security grounds.

Stocks decline after Fed cuts rates as expected

U.S. stocks fell on Wednesday, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank's economic projections signaled a slower pace of cuts next year.

US watchdog warns credit card issuers not to devalue rewards

Credit card companies that devalue or cancel the rewards points, cash back or miles that cardholders have earned may be breaking the law, the top U.S. watchdog agency for consumer finance warned on Wednesday.

Pfizer does not expect major vaccine policy changes under Trump in 2025

Pfizer said Tuesday it does not expect the Trump administration to make major changes to vaccine policy next year even with vaccine skeptic Robert F. Kennedy Jr. as the nominee to run the Department of Health and Human Services.

Instagram to make up more than half of Meta's US ad revenue in 2025, report shows

Instagram is set to get a big boost if a TikTok ban goes into effect in the U.S.

Honda, Nissan move to deepen ties, sources say, including possible merger

Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

EPA grants California authority to ban sales of new gas cars by 2035. Act faces Trump reversal

The Environmental Protection Agency has granted two requests from California to enforce strict standards for vehicle emissions, including a rule aimed at banning sales of new gasoline-powered cars in the state by 2035.

Taco Bell is adding something unusual to its menu

Taco Bell is veering away – slightly – from its Mexican-inspired cuisine, going all-American for its newest offering.