Category: Economy

Barbie honors Venus Williams and 8 other athletes ...

DO NEWSFEED May 23, 2024 0 102

Other athletes being turned into Barbie include Canadian soccer player Christine Sinclair and French boxer Estelle Mossely.

Economy

Are you spending more money shopping online? Remot...

DO NEWSFEED May 23, 2024 0 85

Remote work helped drive an additional $375 billion in online spending last year, report shows.

Economy

USPS is firing probationary workers who report inj...

DO NEWSFEED May 23, 2024 0 115

The postal service has allegedly fired mail carriers in at least seven states after they reported getting hurt while on the job.

Economy

Judge blocks effort to auction off Elvis Presley's...

DO NEWSFEED May 23, 2024 0 106

A company claimed Elvis Presley's estate failed to repay a loan that used the Graceland property as collateral.

Economy

Justice Department set to take antitrust action ag...

DO NEWSFEED May 23, 2024 0 102

The Justice Department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent comp...

Economy

Comcast reveals price for Peacock, Netflix and App...

DO NEWSFEED May 23, 2024 0 120

Comcast announced a new streaming bundle called StreamSaver that will feature a standard Netflix subscription with ads, Apple TV+ ...

Economy

JPMorgan warns S&P 500 could tumble 20% by the end...

DO NEWSFEED May 23, 2024 0 100

JPMorgan analysts warned in a note to clients this week that the U.S. stock market faces a steep loss by year's end amid a number ...

Economy

SEC signals possible approval of anticipated Ether...

DO NEWSFEED May 23, 2024 0 85

The Securities and Exchange Commission is moving closer to approving a highly anticipated 'spot' Ethereum exchange-traded fund as ...

Economy

Johnson & Johnson sued by cancer victims over 'fra...

DO NEWSFEED May 23, 2024 0 97

Five plaintiffs sued Johnson & Johnson on Wednesday, accusing the company of fraud through its use of a shell company's bankruptcy...

Economy

Trump Media says it booked less than $1 million in...

DO NEWSFEED May 21, 2024 0 92

Trump Media posted a loss of $327.6 million in the first quarter because of a financial transaction.

Economy

Some McDonald's franchises may charge for refills

DO NEWSFEED May 21, 2024 0 98

McDonald's is transitioning away from self-serve beverage stations and some locations may start to charge for refills that were on...

Economy

New ranking lists the best cities to live in the U...

DO NEWSFEED May 21, 2024 0 101

Cities that score well on U.S. News' annual ranking of best cities get high marks for economic criteria like value and job market.

Economy

FDIC head stepping down after report on its workpl...

DO NEWSFEED May 21, 2024 0 101

The White House said Monday that the chairman of the Federal Deposit Insurance Corporation will step down in the wake of a damning...

Economy

Disneyland's character actors and performers vote ...

DO NEWSFEED May 20, 2024 0 85

Actors and performers at Disneyland Resort who portray characters like Mickey Mouse are forming a union after the Actors Equity As...

Economy

Baby stroller design: Not child's play

DO NEWSFEED May 19, 2024 0 112

Baby strollers, once just merely a means for transporting a baby, have become thousand-dollar accessories. Correspondent Serna Alt...

Economy

Bidet sales are flush with success

DO NEWSFEED May 19, 2024 0 94

Bidets are common in Asia but are only just now catching on in America. Contributor Kelefa Sanneh finds out what's behind this rec...

Economy

Bruce Nordstrom, who helped grow department store ...

DO NEWSFEED May 19, 2024 0 93

Bruce Nordstrom, who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died,...

Economy

GameStop shares sink after company update on busin...

DO NEWSFEED May 19, 2024 0 107

After a wild week of trading, GameStop announced a sale plan for up to tens of millions of its shares and also gave a lukewarm bus...

Economy

Many US consumers staying away from EVs due to lac...

DO NEWSFEED May 19, 2024 0 91

Interest in electric vehicles among American car buyers has dwindled in part due to concerns about access to charging infrastructu...

Economy

Mercedes-Benz workers in Alabama vote against unio...

DO NEWSFEED May 19, 2024 0 89

Workers at a Mercedes-Benz plant in Alabama voted against the formation of a union on Friday, dealing a significant blow to the Un...

Economy

Dow 40,000, GameStop meme craze and inflation hang...

DO NEWSFEED May 19, 2024 0 82

Investors wrapped a busy week of inflation data, new records for the stock market and the return of wild trading in the so-called ...

Economy

Consumer ETFs showing the real inflation picture

DO NEWSFEED May 19, 2024 0 102

A divide between two consumer ETFs may be signaling the true picture of U.S. inflation as shopping trends dictate where investors ...

Economy

Biden announces new tariffs on Chinese EVs, semico...

DO NEWSFEED May 15, 2024 0 104

The Biden administration is dramatically increasing tariffs on items including Chinese EVs to solar cells, batteries, steel and mo...

Economy

GameStop shares slide as meme stock fervor fades

DO NEWSFEED May 15, 2024 0 100

Shares of GameStop, AMC Entertainment and other so-called meme stocks dipped ahead of the start of trade on Wednesday.

Economy

Victims of Think Finance loan repayment scam to ge...

DO NEWSFEED May 15, 2024 0 122

Regulators say the online lender deceived consumers into thinking they owed money on loans and withdrew funds from their bank acco...

Economy

Inflation eases to 3.4% in boost for the Federal R...

DO NEWSFEED May 15, 2024 0 109

The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.

Economy

GameStop’s stock surge continues, punishing short ...

DO NEWSFEED May 15, 2024 0 95

Shares of GameStop, AMC and others are fueling a revival of meme stock trading, catching many investors off guard, especially thos...

Economy

'Roaring Kitty' social media return: What to know ...

DO NEWSFEED May 15, 2024 0 113

"Roaring Kitty" is back in the spotlight after suddenly becoming active again on social media. Here's what you need to know about ...

Economy

GameStop shares soar after 'Roaring Kitty' posts o...

DO NEWSFEED May 15, 2024 0 89

Shares of GameStop surged more than 70% Monday morning after "Roaring Kitty," a key figure in the stock's Reddit rally, returned t...

Economy

Justice Department says Boeing breached 2021 737 M...

DO NEWSFEED May 15, 2024 0 100

The Justice Department said Boeing had breached its obligations from a 2021 agreement that shielded them from criminal prosecution...

Economy

Vanguard Prepares to Tap Former BlackRock Executiv...

DO NEWSFEED May 15, 2024 0 100

Vanguard, the firm founded by John C. Bogle may soon appoint the first outsider to be CEO in its 50-year history.

Economy

Melinda French Gates resigns from the Gates Founda...

DO NEWSFEED May 13, 2024 0 123

French Gates wrote in a post that she's moving onto "the next chapter" of her philanthropic work.

Economy

Store closures are surging in 2024. Here are the w...

DO NEWSFEED May 13, 2024 0 133

Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.

Economy

"Roaring Kitty" trader returns, causing GameStop s...

DO NEWSFEED May 13, 2024 0 118

Keith Gill, the trader behind the GameStop meme stock frenzy of 2020, resurfaces roughly three years after hiatus with a post on X...

Economy

Looking to save money? Try shopping at bin stores.

DO NEWSFEED May 13, 2024 0 116

Everything costs $10 at so-called bin stores — even pricey electronics like TV sets, video game consoles and laptops.

Economy

Mercedes faces key test as Alabama workers vote on...

DO NEWSFEED May 13, 2024 0 97

A vote by the German automaker's Alabama workers to join the UAW would be a "milestone event," labor expert said.

Economy

Euro stock ETFs jump after Bank of England rate ta...

DO NEWSFEED May 10, 2024 0 97

Like the Federal Reserve, the Bank of England is battling inflation. However, Governor Andrew Bailey is a little more optimistic a...

Economy

GM ending production of Chevrolet Malibu

DO NEWSFEED May 10, 2024 0 97

General Motors will end production of its Chevrolet Malibu sedan as it shifts its focus on electric vehicles. Its Kansas plant wil...

Economy

NYC police search for suspects in cash-for-crypto ...

DO NEWSFEED May 10, 2024 0 99

The NYPD is on the hunt for three suspects allegedly involved in robbing and beating a man in a Manhattan hotel last month in what...

Economy

Business leaders on America's anti-Israel college ...

DO NEWSFEED May 10, 2024 0 115

Anti-Israel agitators have set up encampments, disrupted university operations and demanded their schools fully divest from Israel...

Economy

SEC to investigate Boeing over statements on safet...

DO NEWSFEED May 10, 2024 0 98

The SEC is reportedly opening an investigation into aircraft manufacturer Boeing Co. for alleged statements about safety practices...

Economy

Equinox's new fitness program aims to extend your ...

DO NEWSFEED May 7, 2024 0 110

A new membership from luxury fitness chain Equinox includes a battery of tests normally reserved for professional athletes.

Economy

Steward Health Care files for Chapter 11 bankruptc...

DO NEWSFEED May 7, 2024 0 109

Steward Health Care, the struggling hospital group that owns hospitals in Massachusetts, Texas, Florida and other states, announce...

Economy

Social Security projected to cut benefits in 2035 ...

DO NEWSFEED May 7, 2024 0 123

Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.

Economy

Some students want colleges to divest from Israel....

DO NEWSFEED May 7, 2024 0 121

College protesters are demanding divestment as a way to deliver change, although its effectiveness isn't clear cut.

Economy

White-coated candy recalled nationwide over salmon...

DO NEWSFEED May 7, 2024 0 132

Recall includes yogurt pretzels and other confections sold by retailers such as Dollar General, HyVee, Target and Walmart.

Economy

Warren Buffett predicts higher taxes due to rising...

DO NEWSFEED May 7, 2024 0 93

Warren Buffett said at Berkshire Hathaway's annual meeting he thinks the federal government will look to increase taxes to address...

Economy

Employers added 175,000 jobs last month, marking a...

DO NEWSFEED May 5, 2024 0 98

U.S. unemployment rate rose slightly to 3.9% in April, continuing a stretch of remaining under 4% for 27 months.

Economy

Nearly 8 tons of beef sold at Walmart recalled due...

DO NEWSFEED May 5, 2024 0 98

The recalled beef came from Cargill Meat Solutions in the form of burger patties and ground chuck.

Economy

Trump Media's auditor is charged with "massive fra...

DO NEWSFEED May 5, 2024 0 107

Audit firm BF Borgers allegedly failed to comply with accounting standards and fabricated audit documentation, regulators claim.

Economy

Walgreens limits Gummy Mango candy sales to one ba...

DO NEWSFEED May 5, 2024 0 105

The retailer says the peelable treats have been "flying off the shelves" ever since TikTokers discovered the candy.

Economy

Berkshire Hathaway has first annual meeting since ...

DO NEWSFEED May 5, 2024 0 97

Warren Buffett referred to close friend Charlie Munger as the "the architect of Berkshire Hathaway."

Economy

Carvana stock rebound boosts fortunes of CEO and h...

DO NEWSFEED May 5, 2024 0 105

The revival of Carvana's stock from its 2022 lows has brought a titanic rise in the fortunes of its CEO and his father, who bankro...

Economy

Fast-food restaurant sales slump as more people ea...

DO NEWSFEED May 5, 2024 0 111

People seem to be buying less food from quick-service restaurants, a trend seen as Yum! Brands, Starbucks and McDonald’s offered t...

Economy

Apple’s monster buyback, jobs surprise puts Fed on...

DO NEWSFEED May 5, 2024 0 104

Investors got whipsawed by the Federal Reserve, the April jobs report and by Apple, which rolled out a colossal stock buyback. But...

Economy

Federal Reserve holds rates steady. Here's the fin...

DO NEWSFEED May 2, 2024 0 133

The Fed is leaving its benchmark interest rate unchanged, noting a lack of progress in curbing inflation.

Economy

Ex-Tesla worker says he lost job despite sacrifice...

DO NEWSFEED May 2, 2024 0 119

One ex-Tesla employee's post about the shock of losing his job amid a round of layoffs is sparking a workplace debate.

Economy

"Belligerent" United passenger faces hefty fine. H...

DO NEWSFEED May 2, 2024 0 128

A man's physical and verbal threats caused the United flight from London to Newark, New Jersey, to divert to Bangor, Maine.

Economy

The main reason self-driving cars are not ready fo...

DO NEWSFEED May 2, 2024 0 119

"It's like trying to send a rocket to the moon in 1910 when the Wright Brothers were still working on their planes," one expert sa...

Economy

UnitedHealth data breach caused by lack of multifa...

DO NEWSFEED May 2, 2024 0 133

UnitedHealth CEO Andrew Witty told lawmakers that its subsidiary Change Healthcare didn't have multifactor authentification.

Economy

Tesla lays off more workers, two senior executives...

DO NEWSFEED May 1, 2024 0 122

A leaked email from Tesla CEO Elon Musk revealed the company is making further cuts to its workforce, including senior executives ...

Economy

Amazon sales surge as company trains focus on arti...

DO NEWSFEED May 1, 2024 0 111

Amazon.com reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping the company cont...

Economy

What's Next for Berkshire Hathaway: Barron's

DO NEWSFEED May 1, 2024 0 138

Berkshire Hathaway's annual meeting will be bitter sweet this year following the passing of Warren Buffett's right hand man Charli...

Economy

Why gold ETFs are an option to bonds as inflation ...

DO NEWSFEED May 1, 2024 0 104

Getting into gold can be done through ETFs, including one that tracks the physical yellow metal and another that invests in gold m...

Economy

Mexican man wins typo case against Cartier, keeps ...

DO NEWSFEED Apr 30, 2024 0 97

Cartier ultimately agreed to let the buyer keep the earrings he had purchased at an inadvertent discount. Not everyone supports th...

Economy

Seller of fake N95 face masks to refund $1.1 milli...

DO NEWSFEED Apr 30, 2024 0 117

Razer sold the Zephyr mask as protection against COVID during the pandemic, but products were not tested, feds say.

Economy

Feds testing ground beef where dairy cows were str...

DO NEWSFEED Apr 30, 2024 0 118

USDA says the U.S. meat supply is safe, and reiterates that people should cook beef to kill bacteria and viruses.

Economy

Voters in battleground states say the economy is a...

DO NEWSFEED Apr 30, 2024 0 101

Voters rank the economy ahead of other hot button topics as one of the most important issues ahead of the 2024 presidential electi...

Economy

New court filings show SEC, Chair Gensler believed...

DO NEWSFEED Apr 30, 2024 0 95

Consensys filed a lawsuit against the Securities and Exchange Commission claiming the agency is attempting an unlawful power grab ...

Economy

Paramount CEO Bob Bakish out amid Skydance merger ...

DO NEWSFEED Apr 30, 2024 0 122

Paramount Global's Bob Bakish is out as CEO after reportedly clashing with the board over the terms of a sale to Skydance Media, F...

Economy

Feds investigating Ford Mustang Mach-E hands-free ...

DO NEWSFEED Apr 30, 2024 0 100

The National Highway Traffic Safety Admininstration is investigating Ford's BlueCruise driving assistance technology in Mustang Ma...

Economy

Here's how much income it takes to be considered r...

DO NEWSFEED Apr 28, 2024 0 108

The income needed to join your state's top earners can vary considerably, from a low of $329,620 annually in West Virginia to $719...

Economy

Gold watch found on body of Titanic's richest pass...

DO NEWSFEED Apr 28, 2024 0 107

A gold pocket watch recovered along with the body of John Jacob Astor, the richest passenger on the Titanic, is up for auction.

Economy

Possible TikTok ban leaves some small businesses c...

DO NEWSFEED Apr 28, 2024 0 96

Under the new law signed this week, ByteDance has nine to 12 months to sell the platform to an American owner, or TikTok faces bei...

Economy

Intimacy coordinators are on the rise on film and ...

DO NEWSFEED Apr 28, 2024 0 108

Intimacy coordination is a relatively new and growing field with movie and television productions required to make a good-faith ef...

Economy

United Auto Workers reaches deal with Daimler Truc...

DO NEWSFEED Apr 28, 2024 0 127

The union struck a four-year agreement with the German company on Friday evening, just before the expiration of the previous contr...

Economy

Google parent Alphabet delivers first-ever dividen...

DO NEWSFEED Apr 28, 2024 0 111

Google parent Alphabet, flush with cash will pay its first-ever dividend joining rival Meta and other tech titans such as Apple an...

Economy

Williams Sonoma labeled Chinese-made merchandise A...

DO NEWSFEED Apr 28, 2024 0 128

The FTC and the Justice Department said Friday that Williams-Sonoma Inc. has agreed to a settlement, which includes a $3.175 milli...

Economy

Sen. Warren challenger goes to bat for Coinbase, c...

DO NEWSFEED Apr 28, 2024 0 95

US Senate candidate and attorney John Deaton filed an amicus brief in the Southern District of New York in support of crypto excha...

Economy

Tesla, Google, Oracle top week, along with Biden t...

DO NEWSFEED Apr 28, 2024 0 94

Investors digested a big week for earnings from the likes of Google, Meta and Tesla, as well as economic data while also monitorin...

Economy

Hertz says it lost another $195M from EV bet

DO NEWSFEED Apr 28, 2024 0 99

Hertz Global reported higher-than-expected quarterly losses on Thursday, which sent shares down by more than 24%. The company's to...

Economy

FTC looks to ban non-compete clauses, impacting mi...

DO NEWSFEED Apr 25, 2024 0 108

The Federal Trade Commission is planning to ban non-compete clauses, which are the parts of employer contracts that bar workers fr...

Economy

EPA issues toughest rule yet on power plant emissi...

DO NEWSFEED Apr 25, 2024 0 110

Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make ...

Economy

U.S. economic growth slows as consumers tighten th...

DO NEWSFEED Apr 25, 2024 0 105

Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.

Economy

See inside Frank Sinatra and Mia Farrow's home tha...

DO NEWSFEED Apr 25, 2024 0 103

Looking for a place to live in NYC? Zillow is now listing Frank Sinatra and Mia Farrow's former home on the Upper East Side.

Economy

Tesla slashes price for Full Self-Driving software

DO NEWSFEED Apr 23, 2024 0 106

Tesla announced that it will cut the price for its Full Self-Driving software by one-third from $12,000 to $8,000 as it looks to b...

Economy

Tesla's day of reckoning as first-quarter earnings...

DO NEWSFEED Apr 23, 2024 0 102

Tesla releases its first-quarter earnings on Tuesday as the EV maker faces competitive and economic headwinds that have investors ...

Economy

Kroger, Albertsons to sell 166 more stores with $2...

DO NEWSFEED Apr 23, 2024 0 115

Kroger and Albertsons plan to sell an additional 166 stores to C&S Wholesale Grocers, bringing the total to 579 stores that would ...

Economy

Delta Air Lines gives workers 5% raise, boosts sta...

DO NEWSFEED Apr 23, 2024 0 113

Delta Air Lines announced Monday it is giving all its employees a 5% raise worldwide and is hiking starting pay to $19 an hour, af...

Economy

Retailer Express files for Chapter 11 bankruptcy p...

DO NEWSFEED Apr 23, 2024 0 106

Express filed for Chapter 11 bankruptcy protection on Monday. WHP Global sent Express a non-binding letter of intent to possibly b...

Economy

Walmart joins other big retailers in scaling back ...

DO NEWSFEED Apr 21, 2024 0 98

Retailers are ditching and limiting shelf-checkout at some stores, particularly those hit by theft and customer complaints.

Economy

A bitcoin halving is imminent. Here's what that me...

DO NEWSFEED Apr 21, 2024 0 106

In the next day or two, bitcoin is expected to go through a preprogrammed event that will cut new production of the cryptocurrency...

Economy

VW workers vote for union in Tennessee in major wi...

DO NEWSFEED Apr 21, 2024 0 122

UAW claims historic victory, with an overwhelming majority of VW workers at Chattanooga factory voting to unionize.

Economy

Americans lose millions to wire transfer fraud. Co...

DO NEWSFEED Apr 21, 2024 0 104

"Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of...

Economy

House passes legislation that could ban TikTok in ...

DO NEWSFEED Apr 21, 2024 0 115

The company said the legislation would "trample the free speech rights" of TikTok users.

Economy

Tesla's troubles, inflation sticks, Boeing whistle...

DO NEWSFEED Apr 21, 2024 0 122

Stock investors wrapped a choppy week after an admission on inflation by the Fed, gold prices climb and more woes for Elon Musk's ...

Economy

China orders Apple to remove WhatsApp, Threads, ot...

DO NEWSFEED Apr 21, 2024 0 107

Apple has reportedly removed messaging apps including WhatsApp and Telgram from its iPhone store for users in China, following ord...

Economy

Trump Media flags Nasdaq on possible short-selling...

DO NEWSFEED Apr 21, 2024 0 99

Shares of former President Donald Trump's media company have been on a wild ride since going public in March. joining the meme clu...

Economy

Trump Media and Technology Group CEO letter to Nas...

DO NEWSFEED Apr 21, 2024 0 123

The CEO of Trump's media company is calling foul, alleging the shares are the target of short sellers. Read his full letter to the...

Economy

60th anniversary: See the Ford Mustang through the...

DO NEWSFEED Apr 21, 2024 0 105

Ford celebrated the Mustang's 60th anniversary this week, with the classic pony car building on its legacy as one of the U.S. auto...

Category: Economy

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