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Business and Economic News

Rupert Murdoch says Fox stars 'endorsed' lies about 2020. He chose not to stop them

Rupert Murdoch says Fox stars 'endorsed' lies about 2020. He chose not to stop them

Under oath in a $1.6 billion defamation case, Murdoch says he wishes Fox News had been "stronger in denouncing" false claims of election fraud. Fox says the lawsuit threatens journalists' free speech.
by David Folkenflik

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Target issues tepid outlook after a 43% profit drop in 4Q

Target issues tepid outlook after a 43% profit drop in 4Q

Target has reported a 43 percent drop in profits and a slight uptick in sales for the holiday quarter. The discounter is still grappling with a slowdown in consumer spending and its own higher costs.
by The Associated Press

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Casinos and consulting? Pandemic spurs tribes to diversify

Casinos and consulting? Pandemic spurs tribes to diversify

Hit hard by COVID-19 shutdowns, Native American tribes with casinos are taking a closer look at diversifying their portfolios to help keep their sovereign nations economically strong for future generations.
by The Associated Press

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Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.
by Scott Horsley

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