Business

Wells Fargo & Co. has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. U.S. District…

Hundreds of people who bought tickets for U2’s Las Vegas residency are being offered refunds after learning their seats had obstructed views of the event venue’s screen. Show organizers realized during a production review that…

The U.S. Virgin Islands issued a subpoena to Tesla CEO Elon Musk seeking documents for that government’s lawsuit against JPMorgan Chase over sex trafficking by the bank’s late longtime customer Jeffrey Epstein, a court filing revealed Monday. That filing said the Virgin Islands has tried unsuccessfully to serve Musk…

Tesla CEO Elon Musk lost an appeal to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges in 2018. The…

China’s market regulator said Tesla Inc. will fix software in more than 1 million vehicles to reduce the chance of accidents, the regulator said on Friday. The action is described as a product recall under Chinese…

After a three-year national health emergency, over 1.1 million Covid deaths, a wave of retirements and high inflation, the U.S. labor force is smaller and tighter than before the pandemic. For workers, that means continued…

Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced. The Consumer Product Safety Commission said in a release Thursday that the bikes’ seat posts can…

If you sat out last summer’s overcrowded, overpriced, booked-solid travel season in hope of cheaper and easier getaways this year, you may be out of luck. Sixty-three percent of U.S. adults plan to travel this…

With the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted. Negotiations around whether the nation’s ability to borrow money should be…

Layoffs will be hitting 25% of employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks groups in the U.S. Tuesday, following months of internal deliberations about integration amid Showtime’s rebranding into Paramount+ With Showtime. Additionally, MTV News — which…