Wall Street soars on record bank profits and cooling inflation
US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks. The…
Category: Business News
Right-wing media figures call for withholding California wildfire aid, blame ‘liberals’ for disaster
Prominent right-wing media personalities are calling on the federal government to withhold or place conditions on aid for victims of…
Woodford Reserve’s parent company is cutting nearly 700 jobs as spirit sales sink
Brown-Forman, the parent company of Jack Daniel’s whiskey and Woodford Reserve bourbon, is laying off approximately 12% of its 5,400…
Starbucks ends its ‘open-door’ policies
Starbucks doesn’t want to be America’s public bathroom anymore. Starbucks is scrapping a policy that had let anyone hang out…
Meta is cutting 5% of its ‘lowest performers’
Meta is aiming to cut about 5% of what it calls its “lowest performers” with plans to backfill those roles…
LA wildfires displaced tens of thousands. With some rents up as much as 20%, finding affordable housing is the next challenge
Martin Johnson and his fiancé, Celeigh Chapman, had spent several years restoring and renovating their home in Altadena by hand.…
Why China may be OK with TikTok selling to Elon Musk
After previously opposing the idea of a TikTok sale to avert a looming ban, the Chinese government may have found…
FTC finds middlemen inflate specialty generic drug prices by billions of dollars
Pharmacy benefit managers, which serve as the middlemen between drug makers, insurers and pharmacies, reaped $7.3 billion in revenue from…
Colonial Pipeline shuts vital gasoline pipeline because of a leak in Georgia
The Colonial Pipeline has temporarily shut its main gasoline line – America’s largest fuel pipeline – because of leak in…
The great social media migration: Sudden influx of US users to RedNote connects Chinese and Americans like never before
As Supreme Court justices ponder the future of TikTok in the United States, a growing number of American social media…