Category: Economy

Ford reportedly cutting F-150 Lightning production...

DO NEWSFEED Dec 13, 2023 0 161

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 0 166

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 0 168

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 0 202

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 0 170

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 0 147

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 0 173

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 0 174

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 0 161

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 0 184

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 0 193

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 0 150

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 0 176

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 0 179

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 0 155

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 0 202

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 0 182

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 0 207

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 0 203

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 0 147

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 0 156

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 0 179

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 0 167

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 0 165

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 0 170

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 0 163

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 0 174

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 0 171

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 0 160

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 0 206

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 0 193

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 0 712

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 0 177

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 0 159

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 0 165

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 0 159

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 0 166

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 0 153

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 0 176

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 0 156

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 0 182

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 0 201

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 0 171

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 0 189

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 0 175

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

Economy

World's largest cryptocurrency exchange Binance to...

DO NEWSFEED Nov 21, 2023 0 194

Binance CEO Changpeng Zhao will plead guilty to multiple criminal charges and the cryptocurrency exchange will pay more than $4 bi...

Economy

Can OpenAI survive the turmoil?

DO NEWSFEED Nov 21, 2023 0 186

OpenAI, the company that developed popular artificial intelligence tool ChatGPT, is in chaos after the board fired Sam Altman as C...

Economy

Kohl's sales miss estimates as shoppers trim spend...

DO NEWSFEED Nov 21, 2023 0 169

The results come after retail bellwether Walmart last week took a cautious stance going into the holiday shopping season, which is...

Economy

Nvidia’s AI lead ups stakes for earnings

DO NEWSFEED Nov 21, 2023 0 168

Chipmaker Nvidia has been leading the AI charge this year, driving shares to a new record up 242% YTD and leaving little room for ...

Economy

Lowe's sees steeper drop in annual sales as DIY de...

DO NEWSFEED Nov 21, 2023 0 175

Lowe's saw a "greater-than-expected pullback in DIY discretionary spending, particularly in bigger ticket categories" in the third...

Economy

Abercrombie & Fitch lifts annual sales forecast af...

DO NEWSFEED Nov 21, 2023 0 163

Updated inventories and trendy logoless basics and jackets have allowed the company to rein in promotions and markdowns from a yea...

Economy

Sam Altman reportedly planning new AI venture afte...

DO NEWSFEED Nov 20, 2023 0 173

Sam Altman, co-founder and former CEO of OpenAI, is reportedly planning to launch a new company in the artificial intelligence (AI...

Economy

UAW workers at Ford and Stellantis ratify new labo...

DO NEWSFEED Nov 19, 2023 0 181

Members of the United Auto Workers union voted to ratify new labor contracts with Ford and Stellantis that will boost wages and be...

Economy

Apple and Lionsgate join IBM in pausing ads on X a...

DO NEWSFEED Nov 19, 2023 0 170

Two more brands on Friday moved to pause their advertising on X, formerly Twitter, over concerns about antisemitic posts on the pl...

Economy

Amazon warns employees: No promotions without foll...

DO NEWSFEED Nov 19, 2023 0 167

Amazon is ramping up pressure on employees who have been skirting the company's return-to-office mandate by making in-office atten...

Economy

Anheuser-Busch's US marketing chief to exit as Bud...

DO NEWSFEED Nov 17, 2023 0 175

Anheuser-Busch announced that its chief marketing officer for the U.S. is on his way out, months after Bud Light's controversial p...

Economy

Amazon to sell Hyundai vehicles online beginning n...

DO NEWSFEED Nov 17, 2023 0 175

E-commerce giant Amazon said Hyundai will be the first vehicle brand available for purchase but did not say when it would include ...

Economy

Nvidia investors celebrate winning week

DO NEWSFEED Nov 17, 2023 0 179

Nvidia investors are celebrating a winning streak for the stock as the chipmaker continues to dominate the race to own artificial ...

Economy

First-party delivery fraud becomes an inflation dr...

DO NEWSFEED Nov 17, 2023 0 195

A recent survey by Socure shows not saying you received a package when you did now cost U.S. merchants and financial institutions ...

Economy

Disney CEO Bob Iger reportedly plans town hall for...

DO NEWSFEED Nov 17, 2023 0 168

Disney and CEO Bob Iger will host a town hall for the entertainment giant's staffers, according to Bloomberg. It is scheduled for ...

Economy

Berkshire sheds GM, Johnson & Johnson, Procter & G...

DO NEWSFEED Nov 16, 2023 0 155

Berkshire Hathaway revealed the status of the stakes it currently has in various companies in a Tuesday disclosure it submitted to...

Economy

Court rules Tesla can block factory workers from w...

DO NEWSFEED Nov 16, 2023 0 160

Tesla's policy prohibiting workers from wearing union t-shirts on the job was upheld by a federal appellate court which found the ...

Economy

Bath & Body Works trims sales forecast as demand s...

DO NEWSFEED Nov 16, 2023 0 174

Bath & Body Works on Thursday lowered its annual sales forecast on signs of slowing demand ahead of the crucial holiday season, as...

Economy

Walmart's caution on consumer spending ahead of ho...

DO NEWSFEED Nov 16, 2023 0 181

Walmart said shoppers slowed purchases at the end of October, in contrast to spending patterns earlier in the quarter, echoing com...

Economy

Uber bolstering safety measures for drivers amid c...

DO NEWSFEED Nov 15, 2023 0 186

Uber announced it is expanding safety measures for drivers including rider verification amid a rise in carjackings and other crime...

Economy

TransUnion to cut 1,300 jobs as part of multiyear ...

DO NEWSFEED Nov 15, 2023 0 213

The company expects to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expen...

Economy

Target shares spike after big earnings beat

DO NEWSFEED Nov 15, 2023 0 181

Target has had a turbulent year as nearly half of its sales come from home goods, electronics, toys and apparel products that are ...

Economy

Dow, S&P, Nasdaq soar as investors bet Fed is fini...

DO NEWSFEED Nov 15, 2023 0 191

Investors snapped up U.S. stocks in a broad rally after the latest inflation data signaled the Federal Reserve may be close or eve...

Economy

Home Depot leans on demand for small projects to t...

DO NEWSFEED Nov 15, 2023 0 177

Americans put big renovations and discretionary home-improvement projects on the back burner as they battle high food prices as hi...

Economy

Stellantis offers buyouts to roughly half of US sa...

DO NEWSFEED Nov 15, 2023 0 187

Stellantis is moving forward with a cost-cutting push as it prepares for the shift to electric vehicles and larger labor cost unde...

Economy

Emirates orders 95 Boeing 777 widebody jets in dea...

DO NEWSFEED Nov 14, 2023 0 181

Boeing will sell 95 widebody 777 jets to Dubai-based long-haul airline Emirates, the companies announced on Monday on the first da...

Economy

WeWork co-founder Adam Neumann has 'lavish' new Fl...

DO NEWSFEED Nov 14, 2023 0 193

WeWork co-founder and former CEO Adam Neumann is reportedly living it up in a new Miami mansion surrounded by fellow billionaires ...

Economy

Disney plots future of its traditional TV networks

DO NEWSFEED Nov 11, 2023 0 179

Disney is examining whether its future should include fewer television networks after CEO Bob Iger said last summer that some of D...

Economy

Hackers hit Wall Street arm of Chinese banking gia...

DO NEWSFEED Nov 11, 2023 0 185

A U.S. subsidiary of China’s ICBC Financial Services was hacked this week, threatening a temporary logjam for some trades in the T...

Economy

Waffle House workers rally at corporate office, de...

DO NEWSFEED Nov 11, 2023 0 212

Waffle House workers from Georgia, South Carolina, and North Carolina rallied outside the company's corporate office to demand imp...

Economy

UAW members at GM's Flint plant vote against new l...

DO NEWSFEED Nov 11, 2023 0 181

A majority of United Auto Workers members at General Motors' assembly plant in Flint, Michigan, voted against the union's tentativ...

Economy

Disney CEO Bob Iger says company is looking to cut...

DO NEWSFEED Nov 9, 2023 0 167

CEO Bob Iger is looking to further trim costs at the Disney, with the entertainment giant saying Wednesday it has 'increased our a...

Economy

Amazon cuts jobs in music streaming division

DO NEWSFEED Nov 9, 2023 0 177

Amazon has begun laying off employees in its music division, affecting workers on multiple continents. The e-commerce giant declin...

Economy

Cruise recalling 950 driverless cars after pedestr...

DO NEWSFEED Nov 9, 2023 0 176

General Motors' self-driving car unit Cruise is recalling 950 robotaxis as it looks to address an issue with collision detection s...

Economy

Stellantis says 2025 Ram 1500 Ramcharger hybrid wi...

DO NEWSFEED Nov 8, 2023 0 165

Stellantis has officially introduced the new 2025 Ram 1500 Ramcharger pickup truck. It includes a battery pack, generator and V-6 ...

Economy

Massachusetts subcontractor dies after being elect...

DO NEWSFEED Nov 8, 2023 0 178

On Tuesday morning, Massachusetts first responders arrived at an AT&T building and found that a 44-year-old man had been electrocu...

Economy

Dollar to Naira Black Market Exchange Rate Today

DO NEWSFEED Nov 6, 2023 0 178

Today’s Dollar to Naira Black Market Exchange Rate— The continuing depreciation of the Naira against the US dollar has thrown ope...

Economy

Official and Parallel Market Rates Converge as Nai...

DO NEWSFEED Nov 6, 2023 0 204

The official and parallel market rates have converged days after the Central Bank of Nigeria released a new foreign exchange poli...

Economy

NGX All-Share Index Crosses 60,000 Points for the ...

DO NEWSFEED Nov 6, 2023 0 186

Equity trading on the Nigerian Exchange Limited (NGX) closed trading on Tuesday, June 27th, 2023, in the green territory as the N...

Economy

Naira Depreciates to N776.9/$ at I&E Window, N793/...

DO NEWSFEED Nov 6, 2023 0 191

The naira, on Friday, depreciated by 1.87 percent to close at N776.9/$ at the investors and exporters (I&E) window. Data from FMD...

Economy

Naira Crashes to N860/$ at Parallel Market as Doll...

DO NEWSFEED Nov 6, 2023 0 197

The naira has continued its downward spiral, falling to N860 per dollar at the parallel market on Wednesday. The figure represent...

Economy

Starbucks leans into Apple, Microsoft, Amazon part...

DO NEWSFEED Nov 4, 2023 0 203

Starbucks is counting on three of the world's biggest tech giants — Microsoft, Amazon and Apple — to help power a new growth sprin...

Economy

FTX founder Sam Bankman-Fried’s biggest fear in ja...

DO NEWSFEED Nov 4, 2023 0 222

A jury found FTX founder Sam Bankman-Fried guilty on all counts related to the last year's collapse of the cryptocurrency exchange...

Economy

Customers at major US banks hit with deposit delay...

DO NEWSFEED Nov 4, 2023 0 186

Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a sy...

Economy

Panera to lay off more than 300 corporate employee...

DO NEWSFEED Nov 2, 2023 0 183

Panera is trimming its corporate headcount, the Wall Street Journal reported on Wednesday. The move will reportedly impact 17% of ...

Economy

Woman receives $7.1 million in lawsuit over cookin...

DO NEWSFEED Nov 2, 2023 0 166

A woman received an eye-popping $7.1 million on Monday for damages in a Illinois lawsuit she filed over cooking spray-related inju...

Economy

Bud Light parent Anheuser-Busch InBev's sales tumb...

DO NEWSFEED Nov 1, 2023 0 180

Anheuser-Busch InBev reported a 17.1% decline in sales volume in North America in the third quarter as its Bud Light brand continu...

Economy

Pfizer quarterly results hit by soft demand for CO...

DO NEWSFEED Nov 1, 2023 0 173

Sales of the company's coronavirus vaccine Comirnaty dropped 70% during the third quarter compared with the same period a year ear...

Economy

Elon Musk says Tesla aims to make 200,000 Cybertru...

DO NEWSFEED Nov 1, 2023 0 185

Tesla CEO Elon Musk revised the EV-maker's production target for the Cybertruck to 200,000 annually with first deliveries to begin...

Economy

Elon Musk wants X to be a 'fully fledged' dating a...

DO NEWSFEED Oct 31, 2023 0 180

Billionaire Elon Musk is planning to expand X, formerly Twitter, to add "fully fledged" dating app functionality in 2024, accordin...

Economy

EV market could become the 'next big flop': Econom...

DO NEWSFEED Oct 31, 2023 0 170

Car companies falling victim to "EV mania" could see their market values be the "next big flop" to hit Wall Street – and thus, Ame...

Economy

GM, UAW reach tentative agreement to potentially e...

DO NEWSFEED Oct 31, 2023 0 148

The United Auto Workers union has reportedly reached a deal with General Motors on a new labor agreement after six weeks of striki...

Economy

McDonald's CEO warns California minimum wage hike ...

DO NEWSFEED Oct 31, 2023 0 177

McDonald's is warning that California's minimum wage hike to $20 an hour for minimum wage workers will have an impact on franchise...

Economy

EVs create profit potholes for major US automakers...

DO NEWSFEED Oct 30, 2023 0 170

The electric vehicle push by Ford and General Motors cut into both companies' profit margins which has the automakers revising som...

Economy

Cruise pauses driverless vehicle operations across...

DO NEWSFEED Oct 30, 2023 0 178

Self-driving car company Cruise is pausing the operations of its autonomous vehicle fleet amid an ongoing safety investigation in ...

Category: Economy

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