Jack Ma loses more than half of his wealth after criticizing Chinese regulators
Jack Ma's fortune is estimated to be worth less than half of what it was just three years ago, when he made a pivotal speech that derailed what was supposed to be the world's biggest share sale at the time.
2023-07-12 14:26
Actors union agrees to 11th hour mediation effort, but strike still looms
The union representing 160,000 actors said on Tuesday it has agreed to a request from studios and streaming services to meet with federal mediators over contract negotiations but is still prepared to go on strike at 11:59 pm PDT on Wednesday unless a deal is reached.
2023-07-12 12:57
Saudi adviser proposed giving Tiger Woods and Rory McIlroy ownership of LIV Golf teams, documents show
Prior to a truce between the PGA Tour and LIV Golf last month, an adviser to the Saudi Public Investment Fund proposed that Tiger Woods and Rory McIlroy could own LIV Golf teams and play in the Saudi-backed tour, according to a 276-page report released by the US Senate Permanent Subcommittee on Investigations on Tuesday.
2023-07-12 05:49
Why the Fed wants a good inflation report — but not a good jobs report
When it comes to the job market, the Federal Reserve seems to want the latest data to bear bad news for the average American. But with inflation, the Fed is rooting for good news.
2023-07-12 05:15
PGA officials say they had no choice but to reach deal with the Saudis
Two top officials of the PGA Tour said the sport's governing body had no choice but to reach a truce in its yearlong battle with LIV Golf and try to reach a merger with the Saudi-funded tour.
2023-07-12 00:22
Bank of America accused of opening fake accounts and charging illegal junk fees
Federal regulators said Tuesday they found that Bank of America harmed customers by double-dipping on fees, withholding credit card rewards and opening fake accounts, all of which are violations of various consumer financial protection laws.
2023-07-11 23:52
Sweltering Americans have fewer protections against power shutoffs this summer
With another searing heat wave blanketing parts of the United States this week, many Americans are sweating being able to afford their air conditioning. And often there's not a lot of public assistance available.
2023-07-11 21:27
Why Amazon's Prime Day is in July
Amazon Prime Day is back again starting Tuesday. But a random couple of days in July does, indeed, feel a bit random. Here's why Amazon made the seemingly nonsensical decision to throw what could be one of its biggest sales days into the middle of the summer.
2023-07-11 19:46
Will inflation come down this year? We're about to get a big clue
This week kicks off the second quarter earnings season, when firms in the US report on how much money they made (or didn't make) from April through June of 2023. It also brings a slew of new inflation data.
2023-07-11 19:27
With player stylists and Gucci collabs, MLB eyes a fresh look with younger fans
Major League Baseball’s quest for the crown of cool will be on display Tuesday when its top players strut down a red carpet show at Seattle’s famous Pike Place Market ahead of the All-Star Game
2023-07-11 18:19
Foxconn pulls out of $19 billion chipmaking project in India
Foxconn says it is exiting an ambitious project to help build one of India's first chip factories.
2023-07-11 16:17
Foxconn: Apple supplier drops out of $20bn India factory plan
Some analysts say Foxconn's decision marks a setback to the country's technology industry ambitions.
2023-07-11 12:22