Business News for Dec. 17, 2021

On Thursday, prosecutors and defense lawyers laid out their closing arguments in the fraud trial of the founder of Theranos, the failed blood testing start-up. In what was effectively their…

Plans to Reopen St. Croix’s Limetree Refinery Have Analysts Surprised and Residents Concerned

An accident-prone oil refinery in the U.S. Virgin Islands with a history of serious environmental violations could soon reopen under new ownership, despite strong objections from nearby communities, a litany…

Any war with China is ‘likely to be around Taiwan’

The Senate on Wednesday overwhelmingly passed a $768 billion defense policy bill that directs the president to create a “grand strategy” to address global economic and military threats posed by…

Meta/Facebook is the worst company of the year: Yahoo Finance readers

Every December, Yahoo Finance selects a Company of the Year, based on its market performance and its achievements that particular year. In 2021, Microsoft (MSFT) took home the crown, smashing…

The hottest housing market of 2021

The U.S. housing market has been “bonkers” and is “still nuts” — words recently used by real estate guru Barbara Corcoran on Yahoo Finance Live. Since COVID-19 emerged, homes are…

Business News for Wednesday, Dec. 15, 2021

By Ana Swanson and Jeanna Smialek Jerome H. Powell, the chair of the Federal Reserve, suggested on Wednesday that the economy could achieve the central bank’s full-employment goal by next…