Category: Economy

Facebook, Instagram service restored after widespr...

DO NEWSFEED Mar 6, 2024 0 147

Meta Platforms confirmed it was hit with widespread outages worldwide Tuesday morning, with users of Facebook, Instagram, Messenge...

Economy

SEC holds calls with spot bitcoin ETF hopefuls as ...

DO NEWSFEED Dec 25, 2023 0 141

News of the calls has fueled speculation among some industry participants that the agency could be gearing up to approve applicati...

Economy

Nike forecast cut rattles sportswear stocks as spe...

DO NEWSFEED Dec 25, 2023 0 121

The company laid out a $2 billion cost-saving plan on Thursday and said it was adopting a "more prudent approach" to planning for ...

Economy

Bristol Myers to buy Karuna Therapeutics for $14B

DO NEWSFEED Dec 25, 2023 0 128

Karuna’s crown jewel, an experimental drug called KarXT, is the product of such new insights. The drug could surpass $6 billion in...

Economy

Deciphering the stock market's holiday rhythms dur...

DO NEWSFEED Dec 25, 2023 0 125

Explore how the holiday season affects the stock market: reduced trading, year-end shifts, and festive sentiments influencing inve...

Economy

Biggest business stories of 2023 and a peek at nex...

DO NEWSFEED Dec 25, 2023 0 137

The Fed's surprise move amid wild inflation, to a disgraced crypto king's conviction for the ages and a resurgence of Bitcoin bull...

Economy

What happens to the billions in gift cards that go...

DO NEWSFEED Dec 25, 2023 0 150

Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.

Economy

Here are the stores and restaurants open on Christ...

DO NEWSFEED Dec 25, 2023 0 148

Need a last minute ingredient or gift on Christmas Day? Here's what restaurants, grocery stores and fast-food chains will be open.

Economy

What's open on Christmas Eve? See the hours for to...

DO NEWSFEED Dec 25, 2023 0 128

Here's where you can find which stores, restaurants, fast food chains and grocery stores are open on Christmas Eve.

Economy

Southwest cancels hundreds of flights, disrupting ...

DO NEWSFEED Dec 25, 2023 0 141

Southwest Airlines again hit with flight disruptions, though most U.S. passengers are enjoying a smoother takeoff for their holida...

Economy

Honda recalls 2.5 million vehicles due to fuel pum...

DO NEWSFEED Dec 22, 2023 0 136

A fuel pump-related issue has prompted Honda to issue a recall of over 2.5 million vehicles, according to a recall report submitte...

Economy

Paramount, Warner Bros Discovery discuss merger; w...

DO NEWSFEED Dec 22, 2023 0 113

The chief executives of Warner Bros. Discovery and Paramount Global reportedly recently got together to weigh the possibility of m...

Economy

Most home listings unaffordable for typical earner...

DO NEWSFEED Dec 22, 2023 0 153

A new analysis of listings in 97 of the most populous U.S. metropolitan areas found that just 15.5% of homes for sale last year we...

Economy

Rudy Giuliani files for bankruptcy following $146M...

DO NEWSFEED Dec 22, 2023 0 135

Former New York City mayor and Trump attorney Rudy Giuliani has filed for bankruptcy after a jury ordered him to pay $146 million ...

Economy

Got "tipping fatigue"? Here's how much to give for...

DO NEWSFEED Dec 22, 2023 0 130

Tipping for the holidays is an important way to reward employees who go above and beyond, experts says. Here's how much to give.

Economy

Pornhub's parent company to pay $1.8 million to se...

DO NEWSFEED Dec 22, 2023 0 140

The deal calls for the Montreal-based company to pay more than $1.8 million to the U.S. government, as well as make separate payme...

Economy

Giuliani must immediately pay $148 million to Geor...

DO NEWSFEED Dec 21, 2023 0 126

The judge in the defamation case against the former New York mayor cited her concerns that Giuliani might hide financial assets.

Economy

Toyota recalls 1 million Toyota, Lexus vehicles ov...

DO NEWSFEED Dec 21, 2023 0 145

Toyota and Lexus cars are being recalled in December 2023 because potentially defective sensors could prevent front passenger air ...

Economy

2.5 million Honda cars recalled over stalling risk...

DO NEWSFEED Dec 21, 2023 0 126

A fuel pump failure can cause the Honda vehicles to stall while on the road, increasing the risks of a crash.

Economy

GM bought out nearly half of Buick dealers who opt...

DO NEWSFEED Dec 21, 2023 0 111

General Motors bought out roughly half of its Buick dealerships over the last year after offering voluntary buyouts to dealers opp...

Economy

Electric scooter rental company Bird files for ban...

DO NEWSFEED Dec 21, 2023 0 138

E-scooter rental company Bird Global filed for Chapter 11 bankruptcy on Tuesday, two years after going public in a deal valued the...

Economy

Popular brand sold at Walmart, Target, Amazon reca...

DO NEWSFEED Dec 21, 2023 0 130

Empower Brands has recalled more than 300,000 air fryers because of a problem with a U-Channel connector that combines the two fry...

Economy

Texas-based developer accused of targeting Hispani...

DO NEWSFEED Dec 20, 2023 0 129

Prosecutors said the Houston-area developer served as a "one-stop shop for discriminatory lending."

Economy

Mortgage rate for a typical home loan falls to 6.8...

DO NEWSFEED Dec 20, 2023 0 120

Mortgage rates are edging down from their highest level in 23 years as inflation around the U.S. continues to cool.

Economy

"Vanilla Gift" card issuer faces lawsuit over card...

DO NEWSFEED Dec 20, 2023 0 171

Incomm's prepaid cards had "insufficient" security features that made them targets for card draining scams, a recent lawsuit alleg...

Economy

Electric scooter maker Bird files for bankruptcy

DO NEWSFEED Dec 20, 2023 0 144

Once worth $2.5 billion, the former high-flying startup had pitched itself as a means of helping major cities go green.

Economy

IRS to waive $1 billion in tax penalties. Here's w...

DO NEWSFEED Dec 20, 2023 0 138

The IRS said it will waive penalties for almost 5 million taxpayers on their 2020 and 2021 tax returns.

Economy

Here's when you'll get your 2024 Social Security c...

DO NEWSFEED Dec 19, 2023 0 145

The nation's 72 million Social Security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflat...

Economy

Recalled applesauce now linked to more than 200 le...

DO NEWSFEED Dec 19, 2023 0 126

Cinnamon used in the applesauce pouches was contaminated with "extremely high" lead levels.

Economy

13 tons of TGI Friday's brand chicken recalled aft...

DO NEWSFEED Dec 19, 2023 0 131

Simmons Foods is recalling chicken products that were sold by retailers including Amazon, Kroger, Publix, Target and Walmart.

Economy

Monsanto ordered to pay $857 million over toxic PC...

DO NEWSFEED Dec 19, 2023 0 114

Case against Monsanto claimed that seven former students and parent volunteers suffered range of ailments due to PCB exposure.

Economy

Over one-third of US companies will not give year-...

DO NEWSFEED Dec 19, 2023 0 134

Companies are wrapping up the calendar year 2023, and according to a Monday survey, the share of firms with plans to not dole out ...

Economy

Vessels avoiding Red Sea amid ongoing Houthi rebel...

DO NEWSFEED Dec 19, 2023 0 140

Ongoing attacks against international vessels in the Red Sea by Houthi Rebels in Yemen is forcing major companies to reroute, addi...

Economy

FTX files reorganization plan to end bankruptcy

DO NEWSFEED Dec 19, 2023 0 155

Cryptocurrency exchange FTX Trading Co. has filed an amended plan to end its bankruptcy and return funds to investors and customer...

Economy

Adobe scraps $20B acquisition of design platform F...

DO NEWSFEED Dec 19, 2023 0 126

Adobe has abandoned its $20 billion deal to acquire design platform Figma, citing a lack of approval from regulators. Adobe will p...

Economy

What is Rudy Giuliani's net worth in 2023?

DO NEWSFEED Dec 17, 2023 0 185

Giuliani was once worth more than $50 million, but his attorney has argued the defamation case "will be the end" of him financiall...

Economy

Quaker Oats recalls granola bars, cereals nationwi...

DO NEWSFEED Dec 17, 2023 0 135

The Quaker Oats Company is recalling dozens of granola bars and other products across the U.S. because they could contain salmonel...

Economy

WeightWatchers launches program for weight-loss dr...

DO NEWSFEED Dec 17, 2023 0 139

WeightWatchers program aims to help members maintain healthy habits while taking anti-obesity drugs like Ozempic and Wegovy.

Economy

Ivy League consulting can cost up to $750,000 — an...

DO NEWSFEED Dec 17, 2023 0 129

High-end consultants are helping the children of wealthy families polish their applications — and the work begins in middle school...

Economy

Billionaire reveals the biggest mistake investors ...

DO NEWSFEED Dec 17, 2023 0 122

Carlyle Group co-chairman and co-founder David Rubenstein discusses investors' 'biggest mistakes' and predicts the Federal Reserve...

Economy

Dow closes above 37,000 for first time ever as Pow...

DO NEWSFEED Dec 17, 2023 0 123

The Dow Jones Industrial Average roared to a new all-time high, surpassing 37,000 after Federal Reserve Chairman Jerome Powell sai...

Economy

Greek-yogurt maker Chobani buys coffee company La ...

DO NEWSFEED Dec 17, 2023 0 148

La Colombe has been purchased by Chobani, the yogurt company revealed on Friday. The deal to pick up the coffee company had a valu...

Economy

Homelessness in America surges to record high amid...

DO NEWSFEED Dec 15, 2023 0 144

A record 650,000 people experienced homelessness on a single January night, a 12% jump from a year earlier.

Economy

Delta adds flights to Austin as airlines compete i...

DO NEWSFEED Dec 15, 2023 0 157

Delta plans to add 11 flights at Austin-Bergstrom International Airport starting in April 2024.

Economy

SmileDirectClub customers stuck as company closes:...

DO NEWSFEED Dec 15, 2023 0 166

SmileDirectClub, the at-home, do-it-yourself orthodontic service that ceased operations over the weekend, is leaving customers wit...

Economy

Costco sells $100 million in gold bars amid inflat...

DO NEWSFEED Dec 15, 2023 0 126

Consumer's snapped up Costco's new gold bar offerings, contributing to the company's strong earnings last quarter.

Economy

Shipping companies announce crucial deadlines for ...

DO NEWSFEED Dec 15, 2023 0 168

With Christmas falling on a Monday this year, Sunday deliveries will be limited, making it even more important to meet the deadlin...

Economy

Lab-grown vs. natural diamonds: Here's what you ne...

DO NEWSFEED Dec 15, 2023 0 140

If you are proposing or purchasing a diamond for yourself, consider the cost savings that man-made rocks offer.

Economy

Elon Musk must testify in SEC probe of Twitter tak...

DO NEWSFEED Dec 15, 2023 0 130

A federal judge tentatively ruled Elon Musk will have to testify before SEC investigators about his $44 billion takeover of Twitte...

Economy

Meta's Threads now available in Europe for nearly ...

DO NEWSFEED Dec 15, 2023 0 143

Meta's Threads, the Twitter-like social media platform that debuted this summer, is now available to prospective users in the Euro...

Economy

Starbucks accused by NLRB of union busting for clo...

DO NEWSFEED Dec 15, 2023 0 138

That National Labor Relations Board accused Starbucks of closing 23 locations last year as a way to shut down union activity and i...

Economy

GM’s Cruise cutting 24% of workforce, fires 9 exec...

DO NEWSFEED Dec 15, 2023 0 124

General Motors' self-driving vehicle unit Cruise dismissed nine executives in December amid an ongoing safety investigation after ...

Economy

SmileDirectClub ceases operations after restructur...

DO NEWSFEED Dec 13, 2023 0 148

SmileDirectClub, which provided telehealth dentistry services centered on clear aligners for patients, halted its operations on Fr...

Economy

McDonald's reportedly not in favor of reusable con...

DO NEWSFEED Dec 13, 2023 0 125

McDonald’s has indicated it doesn’t want the reusable containers it had to incorporate in France for dine-in customers due to a la...

Economy

DOJ announces latest payouts to Bernie Madoff Ponz...

DO NEWSFEED Dec 13, 2023 0 116

The Department of Justice announced $158.9 million in payouts for more victims of Wall Street fraudster Bernie Madoff's massive Po...

Economy

Ford reportedly cutting F-150 Lightning production...

DO NEWSFEED Dec 13, 2023 0 130

Ford Motor Co. will reportedly cut production of its F-150 Lightning electric trucks and it will adjust the planned number down to...

Economy

Apple releases Stolen Device Protection feature

DO NEWSFEED Dec 13, 2023 0 139

New feature adds a layer of security in the event a thief obtains your iPhone password.

Economy

Prince Harry and Meghan's foundation sees $11 mill...

DO NEWSFEED Dec 13, 2023 0 144

The charitable foundation founded by the Duke and Duchess of Sussex receieved just $2 million in donations in 2022.

Economy

Users of recalled Philips CPACs can now claim sett...

DO NEWSFEED Dec 13, 2023 0 173

Cash awards are now available related to recalled devices sold in the U.S. between 2008 and 2021, administrator says.

Economy

How rich is Harvard? It's bigger than the economie...

DO NEWSFEED Dec 13, 2023 0 140

Ivy League colleges built massive endowments partly through alumni donations. Some gifts have come under threat amid turmoil over ...

Economy

UAW claims Honda, Hyundai and VW are illegally thr...

DO NEWSFEED Dec 13, 2023 0 125

The three automakers are breaking the law and want workers to "sit down and shut up," United Auto Workers union chief Shawn Fain s...

Economy

UPenn loses $100M gift over antisemitism; Biden fo...

DO NEWSFEED Dec 11, 2023 0 145

Wall Street honchos turned up the heat on Ivy League schools failing to combat antisemitism on campus. Biden wipes out billions in...

Economy

Investor group launches $5.8 billion buyout bid fo...

DO NEWSFEED Dec 11, 2023 0 145

Famed retailer Macy's is the focus of a $5.8 billion buyout bid launched by Arkhouse Management and Brigade Capital, according to ...

Economy

Penn weighs potential replacement for ousted presi...

DO NEWSFEED Dec 11, 2023 0 133

UPenn is searching for a new president in the wake of Liz Magill's resignation following her controversial testimony about the uni...

Economy

Bitcoin’s bounce ‘still early innings’

DO NEWSFEED Dec 11, 2023 0 154

Bitcoin has been climbing and the tailwinds behind the largest cryptocurrency by market value may continue to drive prices higher ...

Economy

SpaceX delays launch of secret Space Force mission

DO NEWSFEED Dec 11, 2023 0 162

SpaceX on Sunday announced the delay of its launch of a mission involving its Falcon Heavy rocket and the Pentagon's secretive X-3...

Economy

McDonald's is opening a new chain called CosMc's. ...

DO NEWSFEED Dec 10, 2023 0 129

CosMc's is "what would happen if a McDonald's character from the 1980s that was part alien, part surfer, part robot" opened a rest...

Economy

Lobbying group overstated how much shoplifting hur...

DO NEWSFEED Dec 10, 2023 0 147

The National Retail Federation retracted an earlier estimate of the losses stores suffer at the hands of criminal rings.

Economy

Amazon says scammers stole millions through phony ...

DO NEWSFEED Dec 10, 2023 0 148

International ring breached Amazon's internal systems and bribed its employees, the e-commerce giant alleges in lawsuit.

Economy

Consumer spending will be merry and bright this ho...

DO NEWSFEED Dec 10, 2023 0 125

After a period of high inflation, the U.S. has received some good economic news in time for the holidays. Gas prices and mortgage ...

Economy

ISRAEL IS DEMANDING FOR MORE AFRICAN WORKERS

Bybul Blog Dec 10, 2023 0 168

Michael Lotem is Israeli's Ambassador to Kenya and has provided explanation as to why his country is seeking to engage more Africa...

Economy

NIGERIA HAS TO INCREASE INTEREST RATE TO TACKLE IN...

Bybul Blog Dec 10, 2023 0 153

The continual mopping up of excess liquidity from the economic system has contributed to high inflation in Nigeria.

Economy

BEWARE OF FAKE NAIRA NOTES, CBN WARNS

Bybul Blog Dec 10, 2023 0 167

There is an increasing number of counterfeit naira notes in circulation and the Central Bank of Nigeria (CBN) has warned Nigerians...

Economy

PoS OPERATORS HIKE CHARGES AS NAIRA SCARCITY BITES...

Bybul Blog Dec 10, 2023 0 171

There is a growing case of scarcity of the naira in parts of Nigeria, which is heightening anxiety among Nigerians.

Economy

FTC tries again to block Microsoft's acquisition o...

DO NEWSFEED Dec 7, 2023 0 118

The FTC is trying to block Microsoft's acquisition of Activision Blizzard, the maker of the popular "Call of Duty" franchise, afte...

Economy

Pfizer CEO slams presidents of elite colleges over...

DO NEWSFEED Dec 7, 2023 0 127

Pfizer CEO Albert Bourla criticized the "despicable" testimony of three elite university presidents who were "hiding behind calls ...

Economy

US crude oil falls below $70, the lowest since Jun...

DO NEWSFEED Dec 7, 2023 0 152

Oil prices fell nearly 4% to their lowest levels since June on Wednesday amid concerns about weak global energy demand and rising ...

Economy

McDonald's investor day will feature possible upda...

DO NEWSFEED Dec 6, 2023 0 139

Many investors on Wednesday will look to McDonald’s as the fast-food chain holds its investor day later in the morning. FOX Busine...

Economy

FTC investigates Exxon’s $60 billion deal for Pion...

DO NEWSFEED Dec 6, 2023 0 135

The Federal Trade Commission is investigating ExxonMobil's planned acquisition of Pioneer Natural Resources over potential violati...

Economy

Bitcoin rises above $42,000 for first time since A...

DO NEWSFEED Dec 6, 2023 0 144

Bitcoin rose to $42,162 on Monday in a new surge fueled by interest rate cut expectations and traders betting that U.S. regulators...

Economy

Home Depot co-founder gives his best investing adv...

DO NEWSFEED Dec 6, 2023 0 134

Home Depot co-founder Ken Langone offers advice to young investors on "The Claman Countdown."

Economy

McDonald's sets sights on 50K worldwide restaurant...

DO NEWSFEED Dec 6, 2023 0 145

McDonald’s has unveiled a massive bid to boost its global presence on Wednesday morning, setting its sights on reaching a total of...

Economy

Spotify to cut 17% of its workforce in 3rd layoff ...

DO NEWSFEED Dec 5, 2023 0 140

Spotify, the music streaming giant that has seen growth over the past two years, announced its third layoff in 2023, roughly 17% o...

Economy

JPMorgan predicts a grim outlook for the stock mar...

DO NEWSFEED Dec 5, 2023 0 136

JPMorgan Chase analysts warned in a new note to clients that the stock market faces more pain in 2024, projecting the S&P 500 will...

Economy

Ryanair denies reports of charging a fee for digit...

DO NEWSFEED Dec 5, 2023 0 176

Ryanair has issued a denial after some alleged the Ireland-based budget airline made travelers checking in put down more money to ...

Economy

Uber shares rally on S&P 500 inclusion

DO NEWSFEED Dec 5, 2023 0 167

Uber CEO Dara Khosrowshahi and his investors are celebrating the ride-sharing giant's latest milestone: being chosen as one of the...

Economy

Federal EV tax credit slashed in half for some Tes...

DO NEWSFEED Dec 5, 2023 0 679

Tesla notified customers that the $7,500 federal tax credit for electric vehicle purchases will be cut in half for two of its popu...

Economy

Boeing eliminated from Air Force's 'Doomsday Plane...

DO NEWSFEED Dec 4, 2023 0 139

Boeing has been eliminated from the U.S. Air Force's Survivable Airborne Operations Center competition to replace the E-4B Nightwa...

Economy

Carriers add new technology for holiday shipping d...

DO NEWSFEED Dec 4, 2023 0 133

UPS is using new technology to help distribute and sort packages faster for the holiday season. This is on top of the 100,000 work...

Economy

Walmart stops advertising on X, adding to growing ...

DO NEWSFEED Dec 4, 2023 0 136

Retail giant Walmart on Friday revealed it no longer advertises on X, becoming the latest major corporation to pull ads from the E...

Economy

Cybertruck's price tag draws mixed reviews

DO NEWSFEED Dec 4, 2023 0 135

Tesla's release of its Cybertruck pricing Thursday drew reaction. The vehicle has rear-wheel drive, all-wheel drive and "Cyberbeas...

Economy

US probes 73,000 Chevrolet Volt cars over loss of ...

DO NEWSFEED Dec 4, 2023 0 136

About 73,000 Chevrolet Volt plug-in hybrids are being investigated by the NHTSA over a battery problem that can cause a sudden los...

Economy

Elon Musk's X may lose $75M by year's end amid adv...

DO NEWSFEED Nov 27, 2023 0 126

Elon Musk's X, formerly Twitter, may lose up to $75 million in ad revenue by the end of 2023 as major advertisers pull back spendi...

Economy

Roomba parent shares surge as Amazon deal nears: r...

DO NEWSFEED Nov 26, 2023 0 148

Shares of Roomba-maker iRobot closed up nearly 40% on Friday following a report that Amazon's acquisition of the company is set to...

Economy

Elon Musk’s social-media comments spark Tesla inve...

DO NEWSFEED Nov 26, 2023 0 132

An X post Tesla CEO Elon Musk made on the social-media platform X last week has been called “Antisemitic" and has company sharehol...

Economy

Oil slides after OPEC's unexpected meeting delay

DO NEWSFEED Nov 24, 2023 0 154

The price of oil fell below $75 per barrel, taking another leg lower, after OPEC announced it was delaying its highly anticipated ...

Economy

Warren Buffett donates Thanksgiving millions, prai...

DO NEWSFEED Nov 24, 2023 0 168

Warren Buffett has given family-linked nonprofit organizations a total of 2.4 million Berkshire Hathaway Class B shares, according...

Economy

GM's Cruise plans small relaunch of driverless rob...

DO NEWSFEED Nov 24, 2023 0 147

Cruise aims to start putting its robotaxis back on the road in one city, the General Motors subsidiary indicated on Wednesday. It'...

Economy

Thanksgiving week and stock market

DO NEWSFEED Nov 24, 2023 0 163

The Thanksgiving holiday creates some changes in trading days and hours for both the stock and bond markets heading into the start...

Economy

Tesla sets date for Cybertruck event: What to know

DO NEWSFEED Nov 24, 2023 0 148

Tesla’s Cybertruck will finally make its official debut next week at the EV-maker’s gigafactory in Austin, Texas, putting the pres...

Category: Economy

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