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Business

Mixed results on Wall Street as S&P 500 retreats from record highs

tarabird/iStock/Thinkstock (NEW YORK) -- Thursday saw mixed results on Wall Street after consecutive record-setting days for the Nasdaq and S&P 500.The Dow Jones Industrial Average dropped 28.97 on Thursday, ...

Elon Musk says he received verbal approval to build underground hyperloop, local governments caught off guard

Photo: Hyperloop One/Tesla (NEW YORK) -- Elon Musk tweeted on Thursday that his Boring Company has received verbal approval to build an hyperloop connecting a number of major cities ...

Exxon slapped with $2M fine for violating Russia sanctions while Tillerson was CEO

James Leynse/Corbis via Getty Images (WASHINGTON) -- The Treasury Department has fined Exxon Mobil $2 million for violating Ukraine-related sanctions against Russia -- while Secretary of State Rex Tillerson ...

Farming startup raises $200M from major investors

iStock/Thinkstock (SAN FRANCISCO) -- A California startup that turns farming on its head has raised $200 million dollars from big-name investors such as Amazon chief Jeff Bezos.Plenty, a vertical ...

'Dark web' marketplaces shut down after global investigation

DigitalVision/Thinkstock (NEW YORK) -- Two of the world's largest "dark web" marketplaces have been shut down after a global investigation, according to the BBC. The AlphaBay and Hansa sites ...

UK watchdog cracking down on ads with 'harmful' gender stereotypes

Wavebreakmedia Ltd/Thinkstock (NEW YORK) -- The United Kingdom advertising industry's self-regulatory group is cracking down on ads that feature stereotypical gender roles, after releasing a report this week that ...

IBM stock falls after another quarter of declining revenue, Wall Street sets new records

JaysonPhotography/iStock/Thinkstock (NEW YORK) -- Another record setting day for two of Wall Street's indices, as tech stocks and drug company Vertex Pharmaceuticals led the way.The Dow Jones Industrial Average ...

McCormick to acquire French's, Frank's RedHot brands for $4.2 billion

Photo by Roberto Machado Noa/LightRocket via Getty Images (NEW YORK) -- In a sale worth more than $4 billion, McCormick & Company is expected to purchase the food business ...

Brides-to-be offered free wedding gowns after dress chain closes

iStock/Thinkstock (NEW YORK) -- Brides are stepping up to help brides-to-be after the sudden bankruptcy of a national bridal dress chain left many without wedding dresses.Women are using the ...

Report: Canadians buying more homes in U.S.

Joe Raedle/Getty Images (NEW YORK) -- More Canadians have been buying homes in the United States, according to a new report.The National Association of Realtors reported that Canadians spent ...

American Airlines dedicates Boeing 777 to 91-year-old mechanic for 75 years of service

American Airlines (NEW YORK) -- After 75 years with American Airlines, Azreil “Al” Blackman says he isn't thinking about retirement."That's not my style," he told ABC News.Based out of ...

Nasdaq continues win streak as Wall Street closes mixed

iStock/Thinkstock (NEW YORK) -- The Nasdaq Composite and S&P 500 led Wall Street with new records as the Dow lagged behind on Tuesday.The Dow Jones Industrial Average slid 54.99 ...

House Republicans release their 2018 budget blueprint that targets social programs

iStock/Thinkstock (WASHINGTON) -- House Republicans are proposing a $4 trillion budget for 2018 that includes deep cuts to social programs such as Medicaid and food stamps, which they say ...

Netflix tops 100 million subscribers, company announces

Netflix (NEW YORK) -- It's official, Netflix has crossed the 100-million-subscriber mark.In a letter to the company's shareholders on Monday, Netflix announced that it finished June with 104 million ...

On 'Made in America week,' White House defends imported Trump products

OLIVIER DOULIERY/AFP/Getty Images (WASHINGTON) -- As the White House kicks off its self-proclaimed "Made in America week," shining a spotlight on products manufactured domestically, President Donald Trump's spokesman was ...

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