GM, Ford layoff 500 more workers, blaming strike
General Motors and Ford are laying off 500 additional workers between them, blaming the expansion of the strike announced by the United Auto Workers union at those companies on Friday.
2023-10-03 23:56
Coffee is in danger. Starbucks is working on solutions
Climate change poses a big risk to coffee. So Starbucks is developing new varietals that will hold up better on a warming planet.
2023-10-03 23:23
Sam Bankman-Fried's trial has started. Here's what you need to know
The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan.
2023-10-03 22:49
Birkenstock could be worth $10 billion
There's big money in trendy sandals.
2023-10-03 22:24
ESG has lost its meaning. One advocate says let's throw it in the trash
Not so long ago, Wall Street had a particular obsession with ESG investing, which favors companies that promise to make certain strides on the environment, societal impact and corporate governance. Nearly every CEO of a major company touted their firm's progress toward creating a more sustainable future.
2023-10-03 19:49
Stock market minnows are grabbing most of the world's IPOs
When UK-based chip designer Arm went public earlier this month, raising $65 billion on the Nasdaq in a matter of hours, hopes swirled among investors that the global market for initial public offerings might be coming back to life after an 18-month slump.
2023-10-03 18:45
Powerball jackpot climbs to an estimated $1.20 billion for Wednesday's drawing
The Powerball jackpot climbed to an estimated $1.20 billion after no ticket matched all numbers to nab the grand prize during Monday night's drawing.
2023-10-03 13:52
Hong Kong stocks sink most in three months amid China property woes, US rate worries
Stocks in Hong Kong sank the most since early June after trading resumed following a Chinese holiday, as worries mounted on China's weak housing market, while investors were also concerned about persistently high US interest rates.
2023-10-03 12:46
Florida minimum wage raised to $12 an hour as part of 2020 constitutional amendment
Florida's minimum wage rose by one dollar Saturday to $12/hour. The increase is the result of a constitutional amendment approved by voters in 2020 to gradually raise the Sunshine state's minimum wage to $15/hour by September 30, 2026.
2023-10-03 07:19
Fast food drive-thrus are moving faster than ever, survey finds
Fast food chains are implementing all sorts of changes to their drive-thrus, and it looks like it's paying off for customers in line, according to a new report.
2023-10-03 04:21
A new twist in the Trump Truth Social merger
The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist -- the merger could get terminated by either party.
2023-10-03 03:48
Be prepared for 7% interest rates, warns Jamie Dimon
JPMorgan Chase CEO Jamie Dimon issued a stark warning Monday to Wall Street: The Federal Reserve may be far from finished with its aggressive regimen of interest rate hikes in the fight against elevated inflation.
2023-10-03 03:21