Business and Economic News

Meta replaces fact-checking with X-style community notes
Facebook and Instagram owner Meta says it’s scrapping its third-party fact-checking program and replacing it with a Community Notes program written by users similar to the model used by Elon Musk’s social media platform X.
Nippon, U.S. Steel file suit after Biden administration blocks $15 billion deal
Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel.
Biden bans new offshore oil and gas drilling in most federal waters
President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, an effort to block possible action by the incoming Trump administration to expand offshore drilling.
Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland. He may be putting them at risk instead.
Xcel Energy customers to see higher bills in 2025
In December, the state Public Utilities Commission approved a 5.2 percent interim rate increase for Minnesota’s largest electric utility. That amounts to an extra $5.39 a month for a typical household.