The world shed 3.5 million millionaires in 2022 as market losses drained wealth at the top
Last year, as interest rates rose and inflation stayed stubbornly high, total household wealth declined for the first time since the 2008 financial crisis.
2023-08-17 04:55
Tuohys' lawyers respond to Michael Oher's accusations as he fights conservatorship
A lawyer for a prominent Memphis couple with a longstanding relationship to former NFL player Michael Oher says that they want to end a conservatorship that he’s challenging in court
2023-08-17 03:49
Orlando, Florida, debuts self-driving shuttle that will whisk passengers around downtown
There is going to be a new way to get around downtown Orlando, Florida, and it’s not going to require any human drivers
2023-08-17 03:25
Aldi is buying 400 Winn-Dixie and Harveys supermarkets
Grocery shoppers in the Southeast can expect to see more Aldi stores starting 2024.
2023-08-17 02:24
What are 'Big Short' Michael Burry and Warren Buffett seeing that we aren't?
The S&P 500 index is up nearly 17% year to date, and the Nasdaq composite is more than 30% higher. Americans keep spending money, unemployment is low, the Federal Reserve may soon pause its painful interest rate hikes as inflation rates steadily — albeit slowly — come down.
2023-08-16 21:20
Banking glitch allows customers to withdraw money they don't have
A technical fault meant that for several hours Tuesday customers of one of Ireland's biggest banks could withdraw funds they did not have.
2023-08-16 20:26
27 Boston Market restaurants ordered closed in New Jersey for unpaid wages
New Jersey ordered more than two dozen Boston Market locations to close Tuesday because regulators found "multiple violations of workers' rights," including failure to pay wages, and fined the restaurant chain nearly $2.6 million.
2023-08-16 20:25
'Ho-hum holiday' spending expected as shoppers deal with economic cross-currents
US consumers, trapped in a web of conflicting signals on the health of the economy and how it impacts their ability to shop for extras, might be forced to spend less enthusiastically on a key bucket of discretionary spending -- Christmas gifts, according to early forecasts of this year's holiday sales.
2023-08-16 19:51
Target's sales fall for first time in six years
Target's quarterly sales fell for the first time in six years as consumers pulled back on home goods, clothing and other discretionary goods. Target has also been embroiled in the political culture wars over gender and sexual orientation.
2023-08-16 18:46
Industrial output jump gives euro zone growth small boost
FRANKFURT The euro zone's vast industrial sector rebounded in June, giving overall growth a small boost to end
2023-08-16 17:17
A Vietnamese electric carmaker is now worth more than Volkswagen and Ford
One of Vietnam's biggest automakers has made a big splash on its entry to Wall Street, pushing its market capitalization above that of industry giants such as Volkswagen and Ford.
2023-08-16 15:27
Germany's Cabinet is set to approve a plan to liberalize rules on cannabis possession and sale
Germany’s Cabinet is set to approve a plan to liberalize rules on cannabis, setting the scene for the European Union’s most populous member to decriminalize possession of limited amounts and allow members of “cannabis clubs” to buy the substance for recreational purposes
2023-08-16 14:21