Business, economic news

Carlos Osorio / AP

President Trump signed a bill allowing auto dealers to charge interest rates that critics say are racially biased. The new law rolls back a rule put in place five years ago.

Gillibrand Bill Backs Employee-Owned Businesses

May 15, 2018
Jacquelyn Martin / AP

Senator Kirsten Gillibrand of New York wants to make sure small businesses can stay open when their owner retires. She announced new legislation to make it easier for owners to transfer their business to their workers.

Julie Jacobson / AP

Bank of America said last month it would stop doing business with companies that make “military firearms for civilian use.” But now the bank is lending to Remington Outdoor, the company that makes the same type of military-style guns used in many of the recent mass shootings.

Rashmi Rangan / Delaware Community Reinvestment Action Council

The Trump administration is engaged in an ongoing effort to roll back or eliminate a long list of regulations...some that are new or pending.

And some that have been around for a long time.  

John Minchillo / AP

The conglomerate General Electric is still considering a breakup of the 126-year-old company. In an earnings call with investors, executives said the company’s current business is profitable, but dragged down by past ventures.