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Carrefour Drops PepsiCo Products Over Price Hike Dispute
French retailer Carrefour has stopped selling all PepsiCo beverage products in its stores across the country due to a dispute over price increases imposed by the American food and beverage…
French retailer Carrefour has stopped selling all PepsiCo beverage products in its stores across the country due to a dispute over price increases imposed by the American food and beverage…
The Biden Administration today announced $162 million in funding under the CHIPS and Science Act to support expansions at Microchip Technology's semiconductor fabrication plants in Colorado and Oregon. This investment…
Major U.S. stock indexes diverged in early trading on Thursday following the release of a strong private-sector employment report ahead of Friday's jobs data. The Labor Department reported that weekly…
Lululemon founder Chip Wilson stirred controversy this week by criticizing the company's diversity and inclusion initiatives, claiming they have led the brand away from its original vision. Wilson's inflammatory comments…
Buy Now, Pay Later and Deep Discounts Drive Increase The 2023 holiday shopping season exceeded expectations and broke records for online spending despite high inflation and fears of a potential…
Fed Minutes Signal Rates to Stay High with Cuts Possible Late 2024 U.S. stocks declined for a second day on Wednesday after the release of the December Federal Reserve meeting…
The Biden Administration has awarded $162 million in funding from the CHIPS and Science Act to Microchip Technology, a semiconductor manufacturer. The funding will help expand production capacity at Microchip's…
The private sector added 164,000 jobs in December, according to the latest ADP National Employment Report released on Thursday. This far exceeded economists' forecasts of a 150,000 gain. The report…
Walgreens Boots Alliance announced a 48% cut to its quarterly dividend on Thursday, despite beating Wall Street's earnings expectations in its fiscal first quarter. The drugstore giant says the move…
Ford Motor Company reported a 7.1% increase in U.S. new vehicle sales for 2023, marking its best year since 2019. The growth was fueled by strong demand for the company's…
Mortgage rates fell to kick off 2024, dropping to their lowest level since May 2022 and spurring discussion among experts on what's next for the housing market. While rates are…
TGI Fridays, the popular American casual dining restaurant chain, abruptly closed 6 of its Massachusetts locations this week. The closures left hundreds of employees jobless without any prior notice. Locations…
A growing number of Americans are facing federal income taxes on their Social Security benefits, according to recent reports. This comes as the income thresholds for taxation of benefits have…
Shoppers across the country lined up in the early morning hours on January 3rd eager to get their hands on a limited-edition run of Valentine's Day themed Stanley coffee cups,…
Chinese company delivers over 3 million electrified vehicles, surpassing Tesla for first time China's BYD has overcome Tesla in electric vehicle sales for the first time, capping a monumental year…
Ford Motor Company announced a safety recall of over 112,000 F-150 pickup trucks from the 2021-2023 model years. The recall comes after an investigation found issues with the trucks' rear…
U.S. construction spending rose more than expected in November to reach the highest level on record, according to new government data. This continues an upward trend in the construction industry…
Lululemon founder Chip Wilson has stirred controversy this week by openly criticizing the athletic apparel company's diversity and inclusion initiatives. Wilson, who stepped down from Lululemon's board in 2015, said…
SpaceX launched its first set of Starlink satellites equipped with direct-to-cell capabilities on January 3rd, 2024, marking a major milestone towards the company's goal of providing global satellite connectivity directly…
The Vineyard Wind project, off the coast of Martha's Vineyard, has begun transmitting electricity to the New England grid, marking the first time power has flowed from a large-scale offshore…
Starbucks announced on January 3rd, 2023 that it will now allow customers to bring their own reusable cups for nearly all order types, including drive-thru and mobile app orders. This…
The latest Job Openings and Labor Turnover Survey (JOLTS) report released by the Bureau of Labor Statistics on January 3rd showed that job openings fell slightly in November 2022 to…
Target shoppers across the country lined up in droves this week to get their hands on a limited-edition pink Starbucks Valentine's Day Stanley cup. The insanely popular $50 stainless steel…
General Motors reported Tuesday that its U.S. auto sales rose 14% in 2023 compared to 2022, retaining its crown as the top-selling automaker in the country. The results beat Toyota…
The National Labor Relations Board (NLRB) has accused Elon Musk's private space company SpaceX of illegally firing employees who were critical of Musk in late 2022. The firings allegedly violate…
Elon Musk's $44 billion takeover of Twitter and conversion to X has resulted in the company losing over 70% of its valuation, according to new filings. This precipitous drop highlights…
Asset managers including Fidelity, BlackRock, and VanEck submitted updated filings for spot Bitcoin exchange-traded funds (ETFs) to the SEC last week ahead of a key deadline that could see decisions…
Social Security recipients across the country will start to see bigger payments hitting their bank accounts this month. The Social Security Administration (SSA) recently announced the new cost-of-living adjustment (COLA)…
A man was found dead inside the engine of a Delta Air Lines plane at the Salt Lake City International Airport on January 2nd after breaching security and climbing into…
The US national debt has reached yet another record high, surging past $34 trillion for the first time as rising interest rates drive the government's borrowing costs ever higher. With…
Michigan rang in 2024 with a big lottery winner, as a single Powerball ticket sold in Grand Blanc matched all six numbers to win the $842 million jackpot on January…
Chinese electric vehicle manufacturer BYD has overtaken Tesla as the world's largest EV maker by sales volume in the fourth quarter of 2023. This caps a monumental year for BYD,…
Global stocks pulled back on Tuesday as hopes faded that major central banks would pivot to less aggressive interest rate hikes or even cuts later this year. Investors took a…
Introduction Heading into 2023, most economists and media outlets warned Americans to brace for a recession as the Federal Reserve hiked interest rates to combat stubborn inflation. However, the doomsday…
Investors are entering 2024 with renewed optimism that stocks will continue their upward climb after a volatile yet ultimately positive year for markets in 2023. Several key factors have analysts…
Bitcoin's price has skyrocketed in early 2024, reaching new all-time highs above $100,000 as institutional adoption continues to accelerate. Several key developments are driving this latest bitcoin bull run. Record…
China Evergrande Group's Hong Kong-listed electric vehicle (EV) unit said on Sunday its agreement to raise $355 million by selling shares to an outside investor had lapsed. Evergrande Seeking Funds…
Effective January 1st, 2024, the eligibility requirements for the federal $7,500 electric vehicle tax credit have tightened, resulting in several popular EV models no longer qualifying for the full credit.…
The Dutch government has revoked export licenses for ASML Holding NV, preventing the leading semiconductor equipment supplier from shipping advanced lithography machines to China. This move escalates tensions in the…
China saw a major rebound in travel over the Lunar New Year holiday period this year, with both domestic and international travel returning close to pre-pandemic levels. This surge in…
Asian stocks were muted on the first trading day of 2024 as worries over China's economic outlook persisted. While some investors are positioning for China's eventual reopening and recovery, fresh…
Eurostar train services between London and Paris resumed Sunday after two days of severe disruptions caused by flooding in the tunnel underneath the English Channel. Mass Cancellations Over the Holidays…
South Korea's exports rose 5.2% in December compared to a year earlier, rebounding for a third consecutive month after over a year of declines. However, exports for the full year…
16-Year-Old Boards Wrong Flight in Tampa, Airline Takes Responsibility A 16-year-old boy flying as an unaccompanied minor from Tampa to Cleveland on Frontier Airlines ended up on the wrong flight…
Israel-Based Web Accessibility Firm Set for Major US Expansion UserWay, an Israeli startup providing AI-powered web accessibility solutions, has agreed to be acquired by Level Access, a leading US digital…
The Powerball jackpot continues to climb after no ticket matched all six numbers drawn on Saturday night. With no winner over the holiday weekend, the top prize has rolled to…
Apple won a key legal victory this week when a U.S. appeals court temporarily halted a ban that blocked imports of its latest Apple Watch models. However, the company's long-running…
China's manufacturing sector contracted for the third straight month in December, highlighting continued challenges in the world's second-largest economy. The official manufacturing Purchasing Managers’ Index (PMI) fell to 47.0 in…
Reckitt Benckiser's Mead Johnson Nutrition unit has voluntarily recalled certain batches of hypoallergenic baby formula powder due to possible bacterial contamination. The recall comes after routine testing by the company…
2023 is shaping up to be a pivotal year for artificial intelligence (AI) and its impact on society. Recent advances in AI capabilities, coupled with growing calls for regulation and…
Stocks closed out 2023 with substantial gains, continuing their rally from mid-2022 and setting the stage for further advances in 2024. Though risks remain, confidence is growing that the bull…
Google has agreed to settle a class action lawsuit over claims that it unlawfully tracked users' browsing activity even when using Incognito mode. The $5 billion settlement, covering millions of…
Key Takeaways The S&P 500 rallied over 24% in 2023, registering its best annual performance since 2019 Gains were driven by falling inflation and a pivot by the Federal Reserve…
Texas liquor stores are required by state law to close for over 60 hours straight from New Year’s Eve through New Year’s Day, leaving many residents hurriedly stocking up on…
China's factory activity shrank more than expected in December, an official survey showed, highlighting the economic toll from strict and prolonged COVID restrictions as well as a sluggish property sector.…
The Powerball jackpot continues to climb after no one matched all six numbers in the Saturday, December 31 drawing. With no winner, the grand prize has now grown to an…
Oil prices are set to close out 2023 with an annual decline for the first time in three years, ending the year about 10% lower despite a turbulent 12 months…
Wendy's is celebrating National Bacon Day this year by offering their popular Jr. Bacon Cheeseburger for only 1 cent in their mobile app from December 28-January 2. This extremely popular…
Rev. William Barber II, a prominent civil rights activist and disability rights advocate, was recently removed from an AMC movie theater in Greenville, North Carolina for bringing his own chair…
The long and winding regulatory road for a Bitcoin exchange-traded fund (ETF) in the US may finally reach its destination in early 2024. Several major asset managers have filed updated…
U.S. prosecutors announced on December 29th, 2023 that they will not pursue a second criminal trial against fallen crypto mogul Sam Bankman-Fried. This decision comes shortly after Bankman-Fried was convicted…
Walmart has issued a recall for highly magnetic ball sets sold on its website after the products were found to pose an ingestion hazard that could result in serious injury…
L'Oréal heiress Françoise Bettencourt Meyers has made history by becoming the world's first woman to accumulate a fortune worth over $100 billion. The eye-watering net worth comes mainly from her…
Google has agreed to pay $5 billion to settle a class action lawsuit accusing the company of illegally tracking users' browsing activity even when using Chrome's Incognito mode. The settlement…
The US dollar index has plunged to its lowest level since August 2022, heading for its worst year since 2020, as traders bet aggressively on Federal Reserve interest rate cuts…
BlendJet has recalled nearly 5 million of its popular portable blenders due to fire and laceration hazards, the Consumer Product Safety Commission (CPSC) announced Thursday. Overview of the Recall The…
Stocks staged a broad rally on Thursday, bouncing back after three straight days of declines. The major indexes closed sharply higher, led by gains in tech and consumer discretionary shares.…
Signa Holding GmbH, the privately held Austrian retail property conglomerate that co-owns department stores like Selfridges in the UK, has filed for insolvency protection for several of its core real…
Google has reached a preliminary settlement agreement to pay $5 billion related to a class action lawsuit alleging the company violated users' privacy by tracking their browsing activity even when…
Mortgage rates fell for the ninth consecutive week, dropping to their lowest level since May 2022 and providing some relief for the struggling housing market. The average 30-year fixed mortgage…
Chinese tech giant Xiaomi unveiled its first electric vehicle, the SU7 sedan, on Thursday. The company, best known for its smartphones, is aiming to compete with the likes of Tesla…
Francoise Bettencourt Meyers, the heiress to the L'Oreal cosmetics fortune and a board member of the beauty giant, has made history by becoming the first woman to accumulate a $100…
The Federal Trade Commission (FTC) filed a lawsuit on December 27th, 2023 against Grand Canyon University (GCU), accusing the for-profit Christian university of using deceptive advertising and illegal telemarketing practices…
21 States Raising Pay Floors to Account for Inflation On January 1st, 2024, Ohio will be among 21 states raising their minimum wage rates to provide better pay for low…
Amazon has announced that beginning January 29th, its Prime Video streaming service will start showing ads during movies and TV show content for most users. Subscribers wishing to avoid ads…
The Powerball lottery jackpot continues to climb after no ticket matched all six numbers drawn Wednesday night. With no winner, the top prize has jumped to an estimated $800 million…
U.S. Appeals Court Issues Temporary Stay of Import Ban Over Patent Dispute with Masimo Apple scored a temporary victory on Tuesday when a U.S. appeals court halted a ban that…
The New York Times (NYT) has filed a lawsuit against artificial intelligence research company OpenAI and its partner Microsoft, alleging the companies violated copyright law by scraping NYT articles without…
Several major shipping companies have begun taking initial steps to resume operations in the Red Sea in recent days, after avoiding the strategic waters for weeks due to attacks by…
A Tesla robot operating on the production line at the company's Gigafactory in Austin, Texas experienced a violent malfunction on Wednesday morning, resulting in an attack on a Tesla engineer…
The Powerball jackpot continues to climb after no one matched all six numbers in the Christmas Day drawing. With no winner on December 25th, the top prize has rolled to…
Major US stock indexes climbed to fresh record highs this week as the so-called 'Santa rally' picked up momentum headed into the final days of 2023. The S&P 500 rose…
A major new study from Harvard University published in JAMA has found that when private equity firms acquire hospitals, rates of patient infections and falls increase significantly in the years…
The holiday shopping season has come to an end, but for many the headaches are just beginning as they venture out to return or exchange those unwanted gifts. This year…
Daihatsu Halts Domestic Production Until End of January Toyota Motor's minicar subsidiary Daihatsu Motor announced on December 22nd that it has halted production at all of its domestic plants in…
The U.S. economy defied predictions and avoided a recession in 2023. While growth is expected to cool further in 2024, the risk of a downturn has diminished according to major…
Stocks are positioned for continued gains in 2024 according to Wall Street analysts, who view key economic factors aligned for growth. Top picks highlight tech leaders, with Nvidia topping the…
The Mega Millions jackpot continues to climb after no ticket matched all six numbers in the Tuesday, December 26 drawing. With no winner on Christmas night, the top prize has…
Overview Despite high inflation and concerns about a potential recession, retailers saw strong sales and foot traffic on Christmas Eve and Christmas Day this year. Many major chains and stores…
China has introduced sweeping new rules aimed at curtailing "excessive" spending in online games, sparking a massive sell-off of gaming stocks. The new regulations impose limits on how much time…
Surge in Foreign Investment Defies Expectations Despite a turbulent year, China's financial markets are seeing an unexpected surge of foreign capital inflows. Over $55 billion has flowed into Chinese bonds…
Houthi Attacks on Shipping Vessels Heighten Risks Oil prices have climbed over the past week due to supply disruptions and heightened geopolitical tensions in the Red Sea region after Houthi…
Paytm, India's leading digital payments company, has laid off over 1,000 employees across multiple business verticals as it looks to aggressively cut costs and move to an AI-powered platform. Mass…
Background The hectic holiday travel season led to a distressing mix-up for one family when their 6-year-old boy, flying as an unaccompanied minor for the first time, was put on…
Foreign shareholders suspend participation after US sanctions Major foreign shareholders in Russia's Arctic LNG 2 project, including French TotalEnergies, Japanese trading houses Mitsui & Co and Mitsubishi Corp, as well…
Southwest Airlines struggled with hundreds of delayed and canceled flights over the busy Christmas holiday travel weekend, disrupting plans for thousands of passengers. By Sunday afternoon, Southwest had canceled over…
U.S. inflation fell in November for the first time in more than 2.5 years, a highly promising sign that the Federal Reserve's aggressive interest rate hikes are beginning to achieve…
Japanese steel giant Nippon Steel has agreed to acquire American icon United States Steel Corp (US Steel) in a deal valued at $5.5 billion, pending regulatory approval. The blockbuster acquisition…
Dense fog caused dozens of flight delays and cancellations at Chicago Midway International Airport on Christmas Eve, leaving many travelers stranded. Southwest Airlines was the most impacted, canceling over 50…
Hundreds of procrastinating holiday shoppers crowded malls and shopping centers across the country on Saturday, dubbed “Super Saturday,” seeking last-minute gifts just days before Christmas. Though online shopping has grown…