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Business & Finance | Business & Finance
Macy's delays results after finding employee hid millions in delivery expenses | Reuters
Macy's on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
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PepsiCo acquires Sabra Obela from Strauss Group for $244 million - The Jerusalem Post
PepsiCo purchased 50% of the Sabra Obela dips brand from Strauss for $244 million (NIS 900 million), making it the full owner.
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Gas prices jump as Gazprom says it is halting deliveries to Austria | Euronews
Gazprom Export has announced that it will be halting gas supplies to Austria, following the latter's biggest state-owned fossil fuel company, OMV, winning an arbitral award against it.
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Nippon Steel seeks to close US Steel deal before Trump returns to White House | Reuters
Japan's Nippon Steel hopes to close its $15 billion deal to buy US Steel by year-end before Republican Donald Trump retakes the White House in January, a senior executive said, as the acquisition is core to its future growth.
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Donald Trump's 'Day One' Promise Just Crashed Renewable Energy Stocks | Times Now
Donald Trump on Wednesday registered a thumping victory in the US Presidential Elections 2024. Trump's "day one" pledge caused renewable energy shares to plunge, US News News - Times Now
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Walmart, other US retailers import fewer Christmas goods ahead of tepid holiday season | Reuters
Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so hol
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The IRS Revealed 2025 Changes To Retirement 401(k) and IRA Contribution Limits
Retirement savers can stash more money in their 401(k)s next year. Friday, the IRS announced cost-of-living adjustments for retirement plans and IRAs.
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Temu faces EU investigation into rogue traders and illegal goods | AP News
Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products.
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Reddit Stock Jumps 40% on Surprise Profit, Buoyant Outlook
Reddit shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.
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Nearly half of Americans don't want a promotion
Getting ahead was once a cornerstone of the American Dream. Now, many professionals are stepping off the corporate ladder.
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JPMorgan begins suing customers over 'infinite money glitch'
JPMorgan is investigating thousands of cases related to the glitch, which highlights the risk that social media can amplify vulnerabilities found at a bank.
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Skilled trades gain traction with Gen Z, report finds | Higher Ed Dive
Higher Education News
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Companies are firing Gen Z workers soon after hiring them. What's behind their job market struggles? | Euronews
A recent report found that companies were dissatisfied with their Generation Z (Gen Z) new hires and may avoid hiring recent graduates in the future.
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Pizza Hut Will Deliver Your Resume Printed on a Pizza Box to Prospective Employers – Moss and Fog
Imagine a stack of resumes next to a hot fresh pizza box version. Which would you prefer?
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North Carolina town that produces quartz needed for tech products is devastated by Helene | AP News
Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber optic cables have been shut down by Hurricane Helene.
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US East Coast port strike looms Tuesday with no talks scheduled | Reuters
U.S. East and Gulf Coast port workers are set to go on strike at midnight on Monday, threatening to halt container traffic from Maine to Texas and cost the economy as much as $5 billion a day.
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Apple hit with €62 million EU class action for unfair charges on music | Euronews
Big Tech giant Apple was hit with a €1.8 billion European Commission fine in March for unfair pricing that allegedly locked out competitors.
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Tupperware files for bankruptcy | Fox Business
Tupperware Brands filed for bankruptcy protection, months after the iconic American brand shut down its last remaining U.S.-based plant amid financial troubles.
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US cracks down on low-value Chinese imports | NHK WORLD-JAPAN News
The administration of US President Joe Biden is taking steps to address an issue it says harms American manufacturers and consumers. On Friday, it announced a crackdown on online shopping platforms in China that exploit a trade exemption to flood the mark
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The Mississippi River is running low again. It’s a problem for farmers moving beans and grain | AP News
The water level of the Mississippi River is unusually low for the third straight year, forcing barge companies to put limits on how much cargo they can carry and cutting into farm profits.
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How Volkswagen’s ‘Defeat Devices’ Worked - The New York Times
Volkswagen admitted that 11 million of its vehicles were equipped with software that was used to cheat on emissions tests. This is how the technology works and what it now means for vehicle owners.
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Buffett's Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
The milestone came two days before Buffett's 94th birthday.
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Federal judge in Texas overturns FTC ban on noncompete agreements - CBS News
A judge in Texas blocked a new rule from the FTC that would have made it easier for employees to quit and work for a rival.
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Disney's streaming business turns a profit. But parks show signs of trouble
Disney notched a milestone in its streaming business: It reported profitability across its Disney+, Hulu and ESPN+ services for the first time.
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Google built illegal monopoly to become world's default search engine: US court in landmark antitrust case
“Google is a monopolist, and it has acted as one to maintain its monopoly," US district judge Amit Mehta ruled in landmark judgement against Big Tech.
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Unemployment up, stock market down: grim economic news as election approaches - CatholicVote org
CV NEWS FEED // Economic data released on Friday shows higher unemployment and the three primary stock market indices all down as analysts warn that the…
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Chevron is moving its headquarters from California to Texas - CBS San Francisco
Chevron Corporation announced Friday it would relocate its headquarters from San Ramon to Houston, Texas before the end of the year.
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Meta agrees to $1.4B settlement with Texas over facial recognition | AP News
Officials say Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over allegations that the tech giant used biometric data of users without their permission.
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Google and Microsoft are laying off hundreds from their Cloud units as the tech giants go all in on AI
Both companies cited their long-term visions when discussing the cuts
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Google won’t comment on a potentially massive leak of its search algorithm documentation
The leak reportedly details what data Google collects for ranking.
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US supreme court ruling suggests change in cybersecurity disclosure process
Decision puts pressure on CISOs and those crafting SEC filings as wording could be judged as “half-truths” and considered misleading.
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Hyundai Motor ends Indonesia aluminium deal after climate campaign by K-pop fans | Reuters
South Korea's Hyundai Motor Co and PT Adaro Minerals Indonesia Tbk have ended an aluminium supply agreement after calls by a climate campaigner backed by K-pop fans not to procure supplies of the metal produced using coal power.
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UK economy went into recession last year, data confirms | Reuters
Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year.
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Baltimore bridge collapse likely to result in multibillion-dollar insurance claims -Lloyd's of London | Reuters
The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd's of London (SOLYD.UL) said on Thursday.
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Trump's media company ticker leads to fleeting windfall | Reuters
Possible confusion over the new stock symbol for former President Donald Trump's Truth Social saw some investor brokerage balances briefly jump by hundreds of thousands of dollars on Tuesday, the first day Trump's "DJT" ticker traded.
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Lululemon warns of slowing North America sales as spending falters | Reuters
Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for the apparel retailer's premium athleisure mainly in the North American region, sending its shares down nearly 11% in extended trading.
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Reddit prices IPO at top of indicated range to raise $748 million | Reuters
Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO market a much-needed boost.
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Intel prepares for $100 billion spending spree across four US states | Reuters
Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans - and it hopes to secure another $25 billion in tax breaks.
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Exclusive: African cocoa plants run out of beans as global chocolate crisis deepens | Reuters
Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning chocolate prices around the world are likely to soar.
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Euro is back on the scene for global central banks | Reuters
Once hurt by crises and deflation, the euro is gaining popularity among central bank reserve managers thanks to a return to positive rates and geopolitics challenging king dollar's appeal.
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Macy’s to close 150 stores
The department store chain is planning to shut down 150 low-performing stores over the next few years and focus more on its Bloomingdale’s and Bluemercury br...
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Sony to lay off 900 PlayStation employees, shut London studio | Reuters
Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.
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Sony to lay off 900 PlayStation employees, shut London studio | Reuters
Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.
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What Walmart may gain from FTC's Kroger-Albertsons lawsuit | Reuters
The Federal Trade Commission's bid to block grocer Kroger's $25 billion acquisition of Albertsons could benefit Walmart, a rival whose close relationships with suppliers already gives it a price advantage over other chains, investors, consultants and anal
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In the Market: Banks warily warm up to Fed repo backstop | Reuters
Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. But it is unclear whether they will want to use it in a crisi
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New money advice from Wyclef Jean just dropped – and it's a rap | Reuters
As any parent will tell you, teenagers and young adults do not really listen to what you have to say.
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Nikkei parties like it's 1989; hits record high | Reuters
Japanese stocks raced to a record peak on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy, as cheap valuations and corporate reforms lure foreign money looking for alternatives to battered Chinese markets.
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Capital One's $35 billion Discover deal hinges on playing consumer champion | Reuters
Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said.
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Germany likely in recession, Bundesbank says | Reuters
Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe's biggest economy.
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Cisco to cut more than 4,000 jobs, lowers annual revenue forecast | Reuters
Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of layoffs by tech firms this year.
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Japan unexpectedly slips into recession, Germany now world's third-biggest economy | Reuters
Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy.
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UK economy falls into recession, adding to Sunak's election challenge | Reuters
Britain's economy provides a tough backdrop ahead of this year's expected election for Rishi Sunak.
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How 23andMe Went From $6B Valuation to Penny Stock | WSJ What Went Wrong
DNA-testing company 23AndMe and its founder, Anne Wojcicki, aimed to revolutionize healthcare, bringing genetic tests to homes with just a tube of spit. But ...
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European, US retailers absorb Red Sea shock, wary of hiking prices | Reuters
Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and U.S. retailers used to build more resilient supply chains following disruptions during the COVID-19 pandemic.
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Toshiba delisted after 74 years, faces future with new owners | Reuters
The conglomerate is being taken private by a group of investors.
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King dollar seen vulnerable in 2024 if Fed pivots | Reuters
The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024, though strength in the U.S. economy could limit the greenback’s decline.
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Coffee firms turning away from Africa as EU deforestation law looms | Reuters
Importers of coffee to the European Union are starting to scale back purchases from small farmers in Africa and beyond as they prepare for a landmark EU law that will ban the sale of goods linked to the destruction of forests, a cause of climate change.
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What Walmart’s First Shoppable Series Says About the Future of Ads | WSJ
Walmart’s 23-episode holiday rom-com series “Add to Heart” features more than 330 products consumers can buy while watching on TikTok, YouTube and Roku. A nu...
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M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac | Reuters
The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.
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Inside Pantone, the Company That Turns Color Into Money | WSJ The Economics Of
Pantone just released its 2024 Color of the Year: Peach Fuzz. But Pantone doesn’t sell paints, colors or mixing machinery. So what is the company actually se...
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Market bets for 2024 thrown into chaos by US recession conundrum | Reuters
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession and drag the world with it.
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Bitcoin rises above $42,000 for first time since April 2022 | Reuters
Bitcoin rose on Monday, briefly surpassing $42,000 for the first time since April 2022, in a new surge of momentum fueled by the possibility of U.S. interest rate cuts and traders betting that the U.S. will soon approve exchange-traded bitcoin funds.
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Spotify to cut 1,500 jobs in third layoff round this year | Reuters
Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its workforce, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.
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More US retailers adopt 'keep it' returns policies to shelter profits in holiday surge | Reuters
As holiday shoppers return items purchased during Black Friday and Cyber Monday online shopping sprees, more U.S. retailers could tell them to keep items that cost more to ship back than they are worth.
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OPEC agrees preliminary oil cut deal of over 1 million bpd, sources say | Reuters
OPEC oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional cut and smaller curbs by others, two delegates told Reuters ahead of a virtual OP
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3M, DuPont defeat massive class action over forever chemicals | Reuters
A U.S. appeals court on Monday handed 3M , Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called "forever chemicals" a big win in their fight against legal liability for the substances, rejecting a lowe
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Focus: New crypto front emerges in Israel's militant financing fight | Reuters
A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.
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Sam Altman to return as OpenAI CEO after his tumultuous ouster | Reuters
Sam Altman is returning as CEO of OpenAI just days after his ouster, capping frenzied discussions about the future of the startup at the center of an artificial intelligence boom.
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U.S. Credit Rating Changed From ‘Stable’ To ‘Negative’ As National Debt Balloons | The Daily Wire
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Inside Wall Street's scramble after ICBC hack | Reuters
The cyber hack of Industrial and Commercial Bank of China's U.S. broker-dealer was so extensive on Wednesday, even the corporate email stopped working and forced employees to switch to Google mail, according to two people familiar with the situation.
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Shell sues Greenpeace for $2.1 million after activists boarded oil vessel | Reuters
Activists boarded the vessel in January near the Canary Islands off the Atlantic coast of northern Africa and travelled on it as far as Norway.
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Apple holiday forecast disappoints on iPad, wearables demand; shares slip | Reuters
Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3% in after-hours trading.
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Amazon made $1 billion through secret price raising algorithm -US FTC | Reuters
Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thu
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Google CEO Sundar Pichai to testify Monday in US Google antitrust trial | Reuters
Sundar Pichai, chief executive of Alphabet and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising.
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Tipping, Explained: Why Two-Thirds of Americans View It Negatively | WSJ
You’re being asked to tip more and more places today. If you’re annoyed, you’re not alone. A survey by Bankrate found a third of people are annoyed by those ...
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Global billionaire tax could yield $250 billion annually, study says | Reuters
Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.
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Euro zone October PMI at near 3-year low, stirring recession worries | Reuters
Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter on the wrong foot and suggesting the bloc may slip into recession.
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Citigroup outlines layoff process, reassignments in overhaul -memo | Reuters
Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades, according to a global memo to staff on Wednesday seen by Reuters.
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Why a rout in government bonds is worrying | Reuters
The world's biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold.
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At WTO, growing disregard for trade rules shows world is fragmenting | Reuters
Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing list of what it terms the "trade concerns" of its members.
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Revisions show UK economy no longer the post-pandemic laggard | Reuters
Britain's economic performance since the start of the COVID-19 pandemic has been much stronger than previously thought, with faster growth than Germany or France, according to revisions to official data released on Friday.
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Euro zone inflation falls to lowest in 2 years as economy slows | Reuters
Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank's steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth.
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FTC's Amazon antitrust lawsuit faces high bar in US court - experts | Reuters
The U.S. Federal Trade Commission's lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of U.S. antitrust law and posing roadblocks for the agency, legal experts said.
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Cough syrup deaths overseas prompt US crackdown on toxic testing | Reuters
The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups.
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SEC collects Wall Street's private messages as WhatsApp probe escalates | Reuters
The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter.
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Indian Potash sees no Canada supply hit, hopes to extend deal | Reuters
Indian Potash does not expect supplies of Canadian potash to be affected by the diplomatic row between the India and Canada, its managing director said on Friday, and hopes to extend a contract with Canadian supplier Canpotex beyond the end of September.
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Cisco to buy cybersecurity firm Splunk for $28 billion | Reuters
Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business and capitalize on the boom in artificial intelligence.
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Fed keeps rates steady, toughens policy stance as 'soft landing' hopes grow | Reuters
The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.
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UK economy stumbles in July as strikes and rain weigh | Reuters
Britain's economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools as well as unusually rainy weather weighed on output, according to official figures on Wednesday that will add to worries about the outlook.
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For retail investors, jumping on Arm's blockbuster IPO is a risky business | Reuters
Retail traders should beware: individual investors often get burned when they jump on hot listings.
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Google's rivals get day in court as momentous US antitrust trial begins | Reuters
DuckDuckGo, which has long complained that Google's tactics have made it too tough to get people to use their search engine on a mobile phone, will be one of many rivals to the online search giant eyeing a once-in-a-generation antitrust trial set to begin
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August Unemployment Rate Jumps, Employment in June and July Revised Downward | MRCTV
In August, the unemployment rate jumped 0.3 points, from 3.5% 3.8 percent, as the number of long-term unemployed increased, the U.S. Bureau of Labor Statistics (BLS) reported Friday.
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Burger King must face lawsuit claiming its Whoppers are too small | Reuters
A U.S. judge has rejected Burger King's bid to dismiss a lawsuit claiming that it cheated hungry customers by making its Whopper sandwich appear larger than it actually is.
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Tacoma paper mill to halt operations after 90 years, 400 jobs impacted | KOMO
KOMO 4 TV provides news, sports, weather and local event coverage in the Seattle, Washington area including Bellevue, Redmond, Renton, Kent, Tacoma, Bremerton, SeaTac, Auburn, Mercer Island, Bothell, Shoreline, Lynnwood, Mill Creek and Everett.
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How Russia keeps its fleet of Western jets in the air | Reuters
A Ural Airlines Airbus landed in the Russian city of Yekaterinburg on Nov. 14 last year. Then it remained grounded on the tarmac.
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S&P downgrades multiple US banks on growing liquidity worries | Reuters
S&P Global followed Moody's in cutting its credit ratings and outlook on multiple U.S. regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders.
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Focus: Historic drought, hot seas slow Panama Canal shipping | Reuters
Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could make its inaugural Panama Canal voyage this month, a historic drought forced it to drop weight by offloading hundreds of containers.
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San Francisco suffering 'Doom Loop' amid large vacancy rates
San Francisco was a booming city for businesses, and then the Covid-19 pandemic happened, switching many employees from the office to working from home. Now,...
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Oil prices could rise further this year, but 2024 demand to slow sharply: IEA | Reuters
OPEC supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday.
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China tips into deflation as efforts to stoke recovery falter | Reuters
China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus.
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Moody's downgrades US banks, warns of possible cuts to others | Reuters
Report comes against backdrop of tightening monetary conditions.
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'Cashless Society’ Fears Becoming Reality in Australia - CatholicVote org
Major Australian banks aren’t allowing customers to withdraw cash at city branches due to the new “cashless” movement, leading to financial problems for Australians.
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Exclusive: Brazil 'natural' coffee hits premium market in challenge for small farmers | Reuters
Arabica coffee from Brazil usually rated lower grade has arrived in big volumes on the world's main price-setting market, traders said, in a fresh challenge for hand-picked premium beans from less efficient, smaller farms elsewhere in Latin America and Af
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Oil set for sixth weekly gain on extended supply cuts | Reuters
Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.
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Fitch cuts US credit rating to AA ; Treasury calls it 'arbitrary' | Reuters
Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.
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Biden admin cracks down on another popular home appliance | Fox News
The Biden administration is moving forward with new energy efficiency regulations, this time targeting water heaters in an effort to curb emissions and reduce energy use.
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India imposes major rice export ban, triggering inflation fears | Reuters
India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets.
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Dead EV batteries turn to gold with U.S. incentives | Reuters
A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the field.
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Novatek set to oust Gazprom as Russia's top gas supplier to Europe | Reuters
Increased supplies of liquefied natural gas (LNG) from Russia's Novatek mean the company is close to overtaking Kremlin-controlled Gazprom as the country's leading fuel supplier to Europe, Reuters calculations show.
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Will China ever get rich? A new era of much slower growth dawns | Reuters
China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich.
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Hollywood studios say they offered actors $1 billion in gains before strike | Reuters
Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday.
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Johnson & Johnson sues researchers who linked talc to cancer | Reuters
Johnson & Johnson has sued four doctors who published studies citing links between talc-based personal care products and cancer, escalating an attack on scientific studies that the company alleges are inaccurate.
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Tumbling US dollar a boon to risk assets across the globe | Reuters
Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit.
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China's exports fall most in three years as global economy falters | Reuters
China's exports fell last month at their fastest pace since the onset three years ago of the COVID-19 pandemic, as an ailing global economy puts mounting pressure on Chinese policymakers for fresh stimulus measures.
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City of Vicksburg: In-house clinic saves $1 million in health costs - The Vicksburg Post | The Vicksburg Post
The City of Vicksburg saved $1 million in health care costs in 2022 through its free in-house clinic, Mayor George Flaggs Jr. said Monday. He said Vigilant Health, which operates the clinic, credited the savings to a decrease in medical claims cost, hospi
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CSX apologizes for abruptly stopping train for hours in Cincinnati
Traffic was delayed and at least one business was blocked, preventing employees from leaving
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Insight: Biden's green hydrogen plan hits climate obstacle: Water shortage | Reuters
The Biden administration's climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging
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Rossen Reports: Do you qualify for new 40-year mortgage?
This could reduce your monthly payment by at least 25%.
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Rossen Reports: Do you qualify for new 40-year mortgage?
This could reduce your monthly payment by at least 25%.
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Over $200 billion potentially stolen from U.S. COVID relief programs, watchdog says | Reuters
Over $200 billion from the U.S. government's COVID-19 relief programs were potentially stolen, a federal watchdog said on Tuesday, adding that the U.S. Small Business Administration (SBA) had weakened its controls in a rush to disburse the funds.
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Explainer: What is Russia's problem with the Black Sea grain deal? | Reuters
President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets.
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New job data show a changed labor market
What new data reveal about the job market
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IKEA bets on remote interior design as AI changes sales strategy | Reuters
IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie.
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Rossen Reports: New warning about popular payment apps
You may be risking something happening to your money the longer you keep it in a payment app.
Business & Finance | Business & Finance
Why Tipping Is So Out Of Control In The U.S.
Tipping in the United States is on the rise and experts are calling it tipflation. In the fourth quarter of 2022, the number of tips provided at full-service...
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Job seekers speak out about pulled employment offers
College graduates are speaking out about landing jobs, only to have those offers rescinded. Companies like Meta and Amazon have acknowledged pulling job offe...
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China's wheat growers face 'disaster' after heavy rain batters crop | Reuters
After two weeks of continuous heavy rains, a farmer surnamed Chen in China's Henan province surveys bent stalks of saturated wheat in sodden fields that will take days to dry out before harvesting can start.
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Why Starbucks Operates Like a Bank | WSJ The Economics Of
Starbucks, the $124.4 billion global coffee giant, trails only McDonald’s as the largest restaurant chain by market capitalization. Until a few years ago, th...
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Bank scam that began with a text message ends with woman losing life savings: "My whole world fell apart" - CB
The growing trend led to a staggering $8.8 billion in losses last year, according to government data.
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Taco Bell wants the right to use the phrase "Taco Tuesday" - CBS News
Taco John's also owns trademarks on the phrases "Taco Bravo,""Softshell Saturday" and "Nachos Navidad."
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A simple guide to debt ceiling, and what the 14th amendment has to do with it - BBC News
The US government could start to run out of money within weeks - how did we get to this point?
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Debt limit "X-date" could arrive within weeks, new analysis finds - CBS News
The U.S. may be unable to pay its bills within weeks if Congress does not raise or suspend the debt ceiling.
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Biden Plan to Penalize Responsible Homebuyers Could Cost You $31,000
If a young homebuyer invested that Biden monthly mortgage penalty into a retirement account, at 8%, it would grow to $31,000 by retirement.
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34 State Financial Officers Hit Biden Admin Over New Mortgage Policy
Over two dozen state financial officers speak out against a Biden administration rule relating to mortgages that takes effect Monday.
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4 Out of 5 Americans Say We're In A Recession Or Will Be Within A Year
The majority of Americans say their personal financial situation is getting worse. | Economy
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'We turned down a client to uphold gay rights' - BBC News
The global B Corp business accreditation scheme rewards firms that behave ethically.
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21 Attorneys General Say ESG Investing Could Violate Law
The AGs say asset managers push Climate Action 100 and the Net Zero Asset Managers Initiative instead of acting in clients' best interests.
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Silicon Valley Bank shut down by regulators in collapse
The feds shut down Silicon Valley Bank on Friday, marking a stunning collapse for the tech lender that has sparked fears of wider contagion in the banking sector.
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Why is there a shortage of tomatoes and other fruit and vegetables in the UK? - BBC News
Supply issues have led the grocers Tesco, Asda, Aldi and Morrisons to limit sales of fresh produce.
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Economist Breaks Down January's 'Hotter Than Expected' Inflation Report
E.J. Antoni blames both Republicans and Democrats for "overspending" following the "hotter than expected" January 2023 inflation report.
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Disney to slash 7,000 jobs | Fox Business
Disney announced Wednesday it will lay off some 7,000 workers as part of a restructuring plan aimed at saving the company billions of dollars, becoming the latest company to cut jobs.
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A new twist to Biden's student loan handout plan could cost taxpayers billions | Fox News
Biden administration's newly proposed rule on student loans proposes massive changes to the 'income-driven repayment' program.
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Over 100 groups back Manchin, GOP plan to block Biden’s ‘woke’ ESG investing rule | Fox News
More than 100 conservative groups are urging Congress to roll back Biden's "politically inappropriate" and "financially irresponsible" ESG investment rule.
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All GOP senators, Manchin challenge Biden's ESG climate investment rule 'politicizing' Americans' 401(k)s | Fox News
Sen. Joe Manchin joined every GOP senator in introducing legislation that would kill President Biden's ESG rule that would affect the retirement savings of 152 million Americans.
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GDP report reveals ominous Great Depression warning sign not seen since 1932 | Fox Business
The latest GDP report from the Bureau of Economic Analysis tells us that the U.S. economy is slowing down. While the Biden White House wants to spin the numbers, they are not good.
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California Democrats consider wealth tax — including for people who moved out of state | Fox News
California Democrats introduced legislation that would impose a new tax on wealthy residents — even if they've already moved out of the state.
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Restaurants weighs options amid lettuce shortage, higher prices
Restaurant-goers hoping to munch on a salad filled with iceberg or romaine lettuce or savor a sandwich topped with them may have to accept a substitut
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Ohio Mayors Alliance says remote work, tax law, bipartisanship are key issues
Ohio Mayors Alliance says remote work, tax law, bipartisanship are key issues; leaders of 30 largest cities highlight recommendations to lawmakers
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Annual inflation in Turkey reaches record 25-year high of 85.5% | Euronews
Turkish President Recep Tayyip Erdogan believes that high-interest rates encourage inflation and lead to higher prices.
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Fed conducts another monstrous rate hike amid growing recession fears | Washington Examiner
The Federal Reserve conducted a massive interest rate hike in its effort to curb inflation, the latest and most dramatic measure of a campaign that has raised the risk of recession.
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Mortgage rates top 7%, highest since 2002 | Fox Business
The interest rate hikes by the Federal Reserve intended to quell inflation are affecting mortgage rates, causing them to rise and leading to more homebuyers being sidelined.
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Butler County Dollar General stores fail price checks
Shoppers at Dollar General stores in Butler County are finding some items are ringing up significantly higher than store shelve tickets so the Butler
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Inflation hike: IRS is raising the 401(k) contribution limit by record amount - NewsBreak
The IRS on Friday said it is boosting the 2023 contribution limits for 401(k)s by a record $2,000 due to the high pace of inflation, which will allow workers to sock away more money in 2023. Individuals will be able to save up to $22,500 in their 401(k)s
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Walmart to remain closed on Thanksgiving, CEO announces
Walmart will once again be closing its doors for Thanksgiving this year, and CEO John Furner told the TODAY Show that Turkey Day shopping is "a thing of the past."
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Biden's America: 1 in 4 Americans to Skip Thanksgiving to Save Money
One in five Americans are unsure if they will be able to cover the costs of Thanksgiving, and one in four plan to skip it to save money.
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Kroger and Albertsons in talks over potential merger, reports say
The merger would be one of the biggest retail acquisitions in recent years.
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Amazon Sends Chilly Signs About the Economy - NewsBreak
Tech giants don't bring good news for investors. While the markets are looking for reassuring news on the health of the economy, Silicon Valley is only delivering very bad news. In recent weeks, red signals have been sent by Alphabet (GOOGL) , Microsoft (
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Judge rejects Justice Dept.'s bid to stop sugar merger
WASHINGTON (AP) — A federal judge has rejected the Justice Department's bid to block a major U.S. sugar manufacturer from acquiring its rival, clearin
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How a railroad strike could send food prices soaring
As soon as next week, 115,000 freight rail workers could walk out if they cannot reach a new contract with railroads, potentially shutting down the national rail network that transports 20 percent of all grain shipments. . Local Mississippi Breaking News
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Housing starts plunge 9.6%, raising recession fears | Washington Examiner
The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.
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Salary needed to buy a home in 50 US cities: Report | Washington Examiner
Owning a home in San Jose will require a person to make at least $330,758 every year.
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Redfin: Homebuyers want to leave San Francisco, Los Angeles, New York
According to a new report from real estate brokerage firm Redfin, a record number of Americans want to leave their current city and move to a new one.
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Copper prices sink, flashing another recession warning | Fox Business
Copper prices have declined nearly 30% since the beginning of the year, a troubling sign as the commodity serves as a good barometer of economic health.
