Shell reports $9.6 billion profit as energy prices slip

Shell reports $9.6 billion profit as energy prices slip

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

Here’s why consumers' credit scores got a boost in March: Report

Here’s why consumers' credit scores got a boost in March: Report

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Consumer credit scores increased from last year to an average of 701, and the percentage of consumers scored in the subprime credit

Feds: Kids as young as 10 worked at McDonald's locations in Kentucky

Feds: Kids as young as 10 worked at McDonald's locations in Kentucky

A Labor Department investigation found one franchisee employed 24 kids under the age of 16 to work more hours than legally permitted and children sometimes worked as late as 2 a.m. but were not paid.

A Labor Department investigation found one franchisee employed 24 kids under the age of 16 to work more hours than legally permitted and children sometimes worked as late as 2 a.m. but were not paid.

Some 14 million jobs won't exist globally in 5 years, report says

Some 14 million jobs won't exist globally in 5 years, report says

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

Here are the jobs that will be most impacted in the years ahead, according to the new report by the World Economic Forum.

Fontainebleau Las Vegas set to finally open after years of setbacks

Fontainebleau Las Vegas set to finally open after years of setbacks

Company executives for Fontainebleau Las Vegas made the announcement Tuesday morning, more than a year after the company publicly set a goal to open before the end of 2023.

Company executives for Fontainebleau Las Vegas made the announcement Tuesday morning, more than a year after the company publicly set a goal to open before the end of 2023.

BP reports $5 billion quarterly profit on strong oil, gas trading

BP reports $5 billion quarterly profit on strong oil, gas trading

BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.

BP’s profits have rebounded from last year's losses, and this quarter's earnings have exceeded analysts' expectations. Oil companies have been reporting higher earnings after Russia invaded Ukraine.

Bank deposits fell by more than $76 billion

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

First Republic Bank seized by regulators, sold to JPMorgan Chase

First Republic Bank seized by regulators, sold to JPMorgan Chase

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

Former Apple employee ordered to serve jail time, pay restitution for fleecing the company

Former Apple employee ordered to serve jail time, pay restitution for fleecing the company

Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.

Dhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.

Gas prices dip, offering consumers some relief at the pump: AAA

Gas prices dip, offering consumers some relief at the pump: AAA

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

Drugmaker Akorn goes bankrupt, recalls medicines for people, pets

Drugmaker Akorn goes bankrupt, recalls medicines for people, pets

The company terminated all employees at its US sites and discontinued its Quality program, leading to a voluntary recall of various products.

The company terminated all employees at its US sites and discontinued its Quality program, leading to a voluntary recall of various products.

Silicon Valley Bank failure: Fed partly blames itself for collapse

Silicon Valley Bank failure: Fed partly blames itself for collapse

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.

Target expands locked merchandise cases to hit back at shoplifting

Target expands locked merchandise cases to hit back at shoplifting

One of the things Target has utilized to curb shoplifting is locked-up cases. A Target spokesperson says the company is taking a "multi-layered approach to combating theft."

One of the things Target has utilized to curb shoplifting is locked-up cases. A Target spokesperson says the company is taking a "multi-layered approach to combating theft."

Tech sector continues to shed jobs as Dropbox lays off 500

Tech sector continues to shed jobs as Dropbox lays off 500

Employees affected by the Dropbox layoffs will get 16 weeks pay as severance, plus an additional week's pay for every year of tenure.

Employees affected by the Dropbox layoffs will get 16 weeks pay as severance, plus an additional week's pay for every year of tenure.

Nude landlord does not justify lower rent, German court rules

Nude landlord does not justify lower rent, German court rules

A German court says a landlord sunbathing naked in the courtyard of his building isn’t a reason for his tenants to reduce their rental payments.

A German court says a landlord sunbathing naked in the courtyard of his building isn’t a reason for his tenants to reduce their rental payments.

The Fed is expected to raise interest rates again in May: Economists

The Fed is expected to raise interest rates again in May: Economists

The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.

The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.