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Business & Finance | Business & Finance

Business & Finance | Business & Finance

UK economy went into recession last year, data confirms | Reuters

Britain's economy entered a shallow recession last year, official figures confirmed on Thursday, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year.

    Business & Finance | Business & Finance

    Baltimore bridge collapse likely to result in multibillion-dollar insurance claims -Lloyd's of London | Reuters

    The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd's of London (SOLYD.UL) said on Thursday.

      Business & Finance | Business & Finance

      Trump's media company ticker leads to fleeting windfall | Reuters

      Possible confusion over the new stock symbol for former President Donald Trump's Truth Social saw some investor brokerage balances briefly jump by hundreds of thousands of dollars on Tuesday, the first day Trump's "DJT" ticker traded.

        Business & Finance | Business & Finance

        Lululemon warns of slowing North America sales as spending falters | Reuters

        Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for the apparel retailer's premium athleisure mainly in the North American region, sending its shares down nearly 11% in extended trading.

          Business & Finance | Business & Finance

          Reddit prices IPO at top of indicated range to raise $748 million | Reuters

          Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO market a much-needed boost.

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            Intel prepares for $100 billion spending spree across four US states | Reuters

            Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans - and it hopes to secure another $25 billion in tax breaks.

              Business & Finance | Business & Finance

              Exclusive: African cocoa plants run out of beans as global chocolate crisis deepens | Reuters

              Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning chocolate prices around the world are likely to soar.

                Business & Finance | Business & Finance

                Euro is back on the scene for global central banks | Reuters

                Once hurt by crises and deflation, the euro is gaining popularity among central bank reserve managers thanks to a return to positive rates and geopolitics challenging king dollar's appeal.

                  Business & Finance | Business & Finance

                  Macy’s to close 150 stores

                  The department store chain is planning to shut down 150 low-performing stores over the next few years and focus more on its Bloomingdale’s and Bluemercury br...

                    Business & Finance | Business & Finance

                    Sony to lay off 900 PlayStation employees, shut London studio | Reuters

                    Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.

                      Business & Finance | Business & Finance

                      Sony to lay off 900 PlayStation employees, shut London studio | Reuters

                      Japan's Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday as the videogame industry struggles to recover from a post-pandemic slump.

                        Business & Finance | Business & Finance

                        What Walmart may gain from FTC's Kroger-Albertsons lawsuit | Reuters

                        The Federal Trade Commission's bid to block grocer Kroger's $25 billion acquisition of Albertsons could benefit Walmart, a rival whose close relationships with suppliers already gives it a price advantage over other chains, investors, consultants and anal

                          Business & Finance | Business & Finance

                          In the Market: Banks warily warm up to Fed repo backstop | Reuters

                          Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. But it is unclear whether they will want to use it in a crisi

                            Business & Finance | Business & Finance

                            New money advice from Wyclef Jean just dropped – and it's a rap | Reuters

                            As any parent will tell you, teenagers and young adults do not really listen to what you have to say.

                              Business & Finance | Business & Finance

                              Nikkei parties like it's 1989; hits record high | Reuters

                              Japanese stocks raced to a record peak on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy, as cheap valuations and corporate reforms lure foreign money looking for alternatives to battered Chinese markets.

                                Business & Finance | Business & Finance

                                Capital One's $35 billion Discover deal hinges on playing consumer champion | Reuters

                                Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said.

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                                  Germany likely in recession, Bundesbank says | Reuters

                                  Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe's biggest economy.

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                                    Cisco to cut more than 4,000 jobs, lowers annual revenue forecast | Reuters

                                    Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of layoffs by tech firms this year.

                                      Business & Finance | Business & Finance

                                      Japan unexpectedly slips into recession, Germany now world's third-biggest economy | Reuters

                                      Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy.

                                        Business & Finance | Business & Finance

                                        UK economy falls into recession, adding to Sunak's election challenge | Reuters

                                        Britain's economy provides a tough backdrop ahead of this year's expected election for Rishi Sunak.

                                          Business & Finance | Business & Finance

                                          How 23andMe Went From $6B Valuation to Penny Stock | WSJ What Went Wrong

                                          DNA-testing company 23AndMe and its founder, Anne Wojcicki, aimed to revolutionize healthcare, bringing genetic tests to homes with just a tube of spit. But ...

                                            Business & Finance | Business & Finance

                                            European, US retailers absorb Red Sea shock, wary of hiking prices | Reuters

                                            Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and U.S. retailers used to build more resilient supply chains following disruptions during the COVID-19 pandemic.

                                                Business & Finance | Business & Finance

                                                King dollar seen vulnerable in 2024 if Fed pivots | Reuters

                                                The Federal Reserve's dovish December pivot has boosted the case for the weakening dollar to keep falling into 2024, though strength in the U.S. economy could limit the greenback’s decline.

                                                  Business & Finance | Business & Finance

                                                  Coffee firms turning away from Africa as EU deforestation law looms | Reuters

                                                  Importers of coffee to the European Union are starting to scale back purchases from small farmers in Africa and beyond as they prepare for a landmark EU law that will ban the sale of goods linked to the destruction of forests, a cause of climate change.

                                                    Business & Finance | Business & Finance

                                                    What Walmart’s First Shoppable Series Says About the Future of Ads | WSJ

                                                    Walmart’s 23-episode holiday rom-com series “Add to Heart” features more than 330 products consumers can buy while watching on TikTok, YouTube and Roku. A nu...

                                                      Business & Finance | Business & Finance

                                                      M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac | Reuters

                                                      The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.

                                                        Business & Finance | Business & Finance

                                                        Inside Pantone, the Company That Turns Color Into Money | WSJ The Economics Of

                                                        Pantone just released its 2024 Color of the Year: Peach Fuzz. But Pantone doesn’t sell paints, colors or mixing machinery. So what is the company actually se...

                                                          Business & Finance | Business & Finance

                                                          Market bets for 2024 thrown into chaos by US recession conundrum | Reuters

                                                          Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession and drag the world with it.

                                                            Business & Finance | Business & Finance

                                                            Bitcoin rises above $42,000 for first time since April 2022 | Reuters

                                                            Bitcoin rose on Monday, briefly surpassing $42,000 for the first time since April 2022, in a new surge of momentum fueled by the possibility of U.S. interest rate cuts and traders betting that the U.S. will soon approve exchange-traded bitcoin funds.

                                                              Business & Finance | Business & Finance

                                                              Spotify to cut 1,500 jobs in third layoff round this year | Reuters

                                                              Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its workforce, to bring down costs, after letting 600 of its staff go in January, and 200 more in June.

                                                                Business & Finance | Business & Finance

                                                                More US retailers adopt 'keep it' returns policies to shelter profits in holiday surge | Reuters

                                                                As holiday shoppers return items purchased during Black Friday and Cyber Monday online shopping sprees, more U.S. retailers could tell them to keep items that cost more to ship back than they are worth.

                                                                  Business & Finance | Business & Finance

                                                                  OPEC agrees preliminary oil cut deal of over 1 million bpd, sources say | Reuters

                                                                  OPEC oil producers are likely to agree output cuts of at least 1 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its voluntary additional cut and smaller curbs by others, two delegates told Reuters ahead of a virtual OP

                                                                    Business & Finance | Business & Finance

                                                                    3M, DuPont defeat massive class action over forever chemicals | Reuters

                                                                    A U.S. appeals court on Monday handed 3M , Corteva Inc subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called "forever chemicals" a big win in their fight against legal liability for the substances, rejecting a lowe

                                                                      Business & Finance | Business & Finance

                                                                      Focus: New crypto front emerges in Israel's militant financing fight | Reuters

                                                                      A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.

                                                                        Business & Finance | Business & Finance

                                                                        Sam Altman to return as OpenAI CEO after his tumultuous ouster | Reuters

                                                                        Sam Altman is returning as CEO of OpenAI just days after his ouster, capping frenzied discussions about the future of the startup at the center of an artificial intelligence boom.

                                                                            Business & Finance | Business & Finance

                                                                            Inside Wall Street's scramble after ICBC hack | Reuters

                                                                            The cyber hack of Industrial and Commercial Bank of China's U.S. broker-dealer was so extensive on Wednesday, even the corporate email stopped working and forced employees to switch to Google mail, according to two people familiar with the situation.

                                                                              Business & Finance | Business & Finance

                                                                              Shell sues Greenpeace for $2.1 million after activists boarded oil vessel | Reuters

                                                                              Activists boarded the vessel in January near the Canary Islands off the Atlantic coast of northern Africa and travelled on it as far as Norway.

                                                                                Business & Finance | Business & Finance

                                                                                Apple holiday forecast disappoints on iPad, wearables demand; shares slip | Reuters

                                                                                Apple on Thursday gave a sales forecast for the holiday quarter that missed Wall Street expectations, hurt by weak demand for iPads and wearables, sending its shares down about 3% in after-hours trading.

                                                                                  Business & Finance | Business & Finance

                                                                                  Amazon made $1 billion through secret price raising algorithm -US FTC | Reuters

                                                                                  Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thu

                                                                                    Business & Finance | Business & Finance

                                                                                    Google CEO Sundar Pichai to testify Monday in US Google antitrust trial | Reuters

                                                                                    Sundar Pichai, chief executive of Alphabet and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising.

                                                                                      Business & Finance | Business & Finance

                                                                                      Tipping, Explained: Why Two-Thirds of Americans View It Negatively | WSJ

                                                                                      You’re being asked to tip more and more places today. If you’re annoyed, you’re not alone. A survey by Bankrate found a third of people are annoyed by those ...

                                                                                        Business & Finance | Business & Finance

                                                                                        Global billionaire tax could yield $250 billion annually, study says | Reuters

                                                                                        Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.

                                                                                          Business & Finance | Business & Finance

                                                                                          Euro zone October PMI at near 3-year low, stirring recession worries | Reuters

                                                                                          Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter on the wrong foot and suggesting the bloc may slip into recession.

                                                                                            Business & Finance | Business & Finance

                                                                                            Citigroup outlines layoff process, reassignments in overhaul -memo | Reuters

                                                                                            Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades, according to a global memo to staff on Wednesday seen by Reuters.

                                                                                              Business & Finance | Business & Finance

                                                                                              Why a rout in government bonds is worrying | Reuters

                                                                                              The world's biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold.

                                                                                                Business & Finance | Business & Finance

                                                                                                At WTO, growing disregard for trade rules shows world is fragmenting | Reuters

                                                                                                Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing list of what it terms the "trade concerns" of its members.

                                                                                                  Business & Finance | Business & Finance

                                                                                                  Revisions show UK economy no longer the post-pandemic laggard | Reuters

                                                                                                  Britain's economic performance since the start of the COVID-19 pandemic has been much stronger than previously thought, with faster growth than Germany or France, according to revisions to official data released on Friday.

                                                                                                    Business & Finance | Business & Finance

                                                                                                    Euro zone inflation falls to lowest in 2 years as economy slows | Reuters

                                                                                                    Inflation in the euro zone fell to its lowest level in two years in September, suggesting the European Central Bank's steady diet of interest rate hikes was succeeding in curbing runaway prices albeit at a growing cost for economic growth.

                                                                                                      Business & Finance | Business & Finance

                                                                                                      FTC's Amazon antitrust lawsuit faces high bar in US court - experts | Reuters

                                                                                                      The U.S. Federal Trade Commission's lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of U.S. antitrust law and posing roadblocks for the agency, legal experts said.

                                                                                                        Business & Finance | Business & Finance

                                                                                                        Cough syrup deaths overseas prompt US crackdown on toxic testing | Reuters

                                                                                                        The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups.

                                                                                                          Business & Finance | Business & Finance

                                                                                                          SEC collects Wall Street's private messages as WhatsApp probe escalates | Reuters

                                                                                                          The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter.

                                                                                                            Business & Finance | Business & Finance

                                                                                                            Indian Potash sees no Canada supply hit, hopes to extend deal | Reuters

                                                                                                            Indian Potash does not expect supplies of Canadian potash to be affected by the diplomatic row between the India and Canada, its managing director said on Friday, and hopes to extend a contract with Canadian supplier Canpotex beyond the end of September.

                                                                                                              Business & Finance | Business & Finance

                                                                                                              Cisco to buy cybersecurity firm Splunk for $28 billion | Reuters

                                                                                                              Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business and capitalize on the boom in artificial intelligence.

                                                                                                                Business & Finance | Business & Finance

                                                                                                                Fed keeps rates steady, toughens policy stance as 'soft landing' hopes grow | Reuters

                                                                                                                The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.

                                                                                                                  Business & Finance | Business & Finance

                                                                                                                  UK economy stumbles in July as strikes and rain weigh | Reuters

                                                                                                                  Britain's economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools as well as unusually rainy weather weighed on output, according to official figures on Wednesday that will add to worries about the outlook.

                                                                                                                    Business & Finance | Business & Finance

                                                                                                                    For retail investors, jumping on Arm's blockbuster IPO is a risky business | Reuters

                                                                                                                    Retail traders should beware: individual investors often get burned when they jump on hot listings.

                                                                                                                      Business & Finance | Business & Finance

                                                                                                                      Google's rivals get day in court as momentous US antitrust trial begins | Reuters

                                                                                                                      DuckDuckGo, which has long complained that Google's tactics have made it too tough to get people to use their search engine on a mobile phone, will be one of many rivals to the online search giant eyeing a once-in-a-generation antitrust trial set to begin

                                                                                                                        Business & Finance | Business & Finance

                                                                                                                        August Unemployment Rate Jumps, Employment in June and July Revised Downward | MRCTV

                                                                                                                        In August, the unemployment rate jumped 0.3 points, from 3.5% 3.8 percent, as the number of long-term unemployed increased, the U.S. Bureau of Labor Statistics (BLS) reported Friday.

                                                                                                                          Business & Finance | Business & Finance

                                                                                                                          Burger King must face lawsuit claiming its Whoppers are too small | Reuters

                                                                                                                          A U.S. judge has rejected Burger King's bid to dismiss a lawsuit claiming that it cheated hungry customers by making its Whopper sandwich appear larger than it actually is.

                                                                                                                            Business & Finance | Business & Finance

                                                                                                                            Tacoma paper mill to halt operations after 90 years, 400 jobs impacted | KOMO

                                                                                                                            KOMO 4 TV provides news, sports, weather and local event coverage in the Seattle, Washington area including Bellevue, Redmond, Renton, Kent, Tacoma, Bremerton, SeaTac, Auburn, Mercer Island, Bothell, Shoreline, Lynnwood, Mill Creek and Everett.

                                                                                                                              Business & Finance | Business & Finance

                                                                                                                              How Russia keeps its fleet of Western jets in the air | Reuters

                                                                                                                              A Ural Airlines Airbus landed in the Russian city of Yekaterinburg on Nov. 14 last year. Then it remained grounded on the tarmac.

                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                S&P downgrades multiple US banks on growing liquidity worries | Reuters

                                                                                                                                S&P Global followed Moody's in cutting its credit ratings and outlook on multiple U.S. regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders.

                                                                                                                                  Business & Finance | Business & Finance

                                                                                                                                  Focus: Historic drought, hot seas slow Panama Canal shipping | Reuters

                                                                                                                                  Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas trees could make its inaugural Panama Canal voyage this month, a historic drought forced it to drop weight by offloading hundreds of containers.

                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                    San Francisco suffering 'Doom Loop' amid large vacancy rates

                                                                                                                                    San Francisco was a booming city for businesses, and then the Covid-19 pandemic happened, switching many employees from the office to working from home. Now,...

                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                      Oil prices could rise further this year, but 2024 demand to slow sharply: IEA | Reuters

                                                                                                                                      OPEC supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday.

                                                                                                                                        Business & Finance | Business & Finance

                                                                                                                                        China tips into deflation as efforts to stoke recovery falter | Reuters

                                                                                                                                        China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand and pressure mounted on Beijing to release more direct policy stimulus.

                                                                                                                                            Business & Finance | Business & Finance

                                                                                                                                            'Cashless Society’ Fears Becoming Reality in Australia - CatholicVote org

                                                                                                                                            Major Australian banks aren’t allowing customers to withdraw cash at city branches due to the new “cashless” movement, leading to financial problems for Australians.

                                                                                                                                              Business & Finance | Business & Finance

                                                                                                                                              Exclusive: Brazil 'natural' coffee hits premium market in challenge for small farmers | Reuters

                                                                                                                                              Arabica coffee from Brazil usually rated lower grade has arrived in big volumes on the world's main price-setting market, traders said, in a fresh challenge for hand-picked premium beans from less efficient, smaller farms elsewhere in Latin America and Af

                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                Oil set for sixth weekly gain on extended supply cuts | Reuters

                                                                                                                                                Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.

                                                                                                                                                  Business & Finance | Business & Finance

                                                                                                                                                  Fitch cuts US credit rating to AA ; Treasury calls it 'arbitrary' | Reuters

                                                                                                                                                  Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

                                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                                    Biden admin cracks down on another popular home appliance | Fox News

                                                                                                                                                    The Biden administration is moving forward with new energy efficiency regulations, this time targeting water heaters in an effort to curb emissions and reduce energy use.

                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                      India imposes major rice export ban, triggering inflation fears | Reuters

                                                                                                                                                      India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets.

                                                                                                                                                        Business & Finance | Business & Finance

                                                                                                                                                        Dead EV batteries turn to gold with U.S. incentives | Reuters

                                                                                                                                                        A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race to undermine China's dominance of the field.

                                                                                                                                                          Business & Finance | Business & Finance

                                                                                                                                                          Novatek set to oust Gazprom as Russia's top gas supplier to Europe | Reuters

                                                                                                                                                          Increased supplies of liquefied natural gas (LNG) from Russia's Novatek mean the company is close to overtaking Kremlin-controlled Gazprom as the country's leading fuel supplier to Europe, Reuters calculations show.

                                                                                                                                                            Business & Finance | Business & Finance

                                                                                                                                                            Will China ever get rich? A new era of much slower growth dawns | Reuters

                                                                                                                                                            China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich.

                                                                                                                                                              Business & Finance | Business & Finance

                                                                                                                                                              Hollywood studios say they offered actors $1 billion in gains before strike | Reuters

                                                                                                                                                              Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday.

                                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                                Johnson & Johnson sues researchers who linked talc to cancer | Reuters

                                                                                                                                                                Johnson & Johnson has sued four doctors who published studies citing links between talc-based personal care products and cancer, escalating an attack on scientific studies that the company alleges are inaccurate.

                                                                                                                                                                  Business & Finance | Business & Finance

                                                                                                                                                                  Tumbling US dollar a boon to risk assets across the globe | Reuters

                                                                                                                                                                  Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit.

                                                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                                                    China's exports fall most in three years as global economy falters | Reuters

                                                                                                                                                                    China's exports fell last month at their fastest pace since the onset three years ago of the COVID-19 pandemic, as an ailing global economy puts mounting pressure on Chinese policymakers for fresh stimulus measures.

                                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                                      City of Vicksburg: In-house clinic saves $1 million in health costs - The Vicksburg Post | The Vicksburg Post

                                                                                                                                                                      The City of Vicksburg saved $1 million in health care costs in 2022 through its free in-house clinic, Mayor George Flaggs Jr. said Monday. He said Vigilant Health, which operates the clinic, credited the savings to a decrease in medical claims cost, hospi

                                                                                                                                                                        Business & Finance | Business & Finance

                                                                                                                                                                        CSX apologizes for abruptly stopping train for hours in Cincinnati

                                                                                                                                                                        Traffic was delayed and at least one business was blocked, preventing employees from leaving

                                                                                                                                                                          Business & Finance | Business & Finance

                                                                                                                                                                          Insight: Biden's green hydrogen plan hits climate obstacle: Water shortage | Reuters

                                                                                                                                                                          The Biden administration's climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging

                                                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                                                Over $200 billion potentially stolen from U.S. COVID relief programs, watchdog says | Reuters

                                                                                                                                                                                Over $200 billion from the U.S. government's COVID-19 relief programs were potentially stolen, a federal watchdog said on Tuesday, adding that the U.S. Small Business Administration (SBA) had weakened its controls in a rush to disburse the funds.

                                                                                                                                                                                  Business & Finance | Business & Finance

                                                                                                                                                                                  Explainer: What is Russia's problem with the Black Sea grain deal? | Reuters

                                                                                                                                                                                  President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets.

                                                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                                                      IKEA bets on remote interior design as AI changes sales strategy | Reuters

                                                                                                                                                                                      IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie.

                                                                                                                                                                                        Business & Finance | Business & Finance

                                                                                                                                                                                        Rossen Reports: New warning about popular payment apps

                                                                                                                                                                                        You may be risking something happening to your money the longer you keep it in a payment app.

                                                                                                                                                                                          Business & Finance | Business & Finance

                                                                                                                                                                                          Why Tipping Is So Out Of Control In The U.S.

                                                                                                                                                                                          Tipping in the United States is on the rise and experts are calling it tipflation. In the fourth quarter of 2022, the number of tips provided at full-service...

                                                                                                                                                                                            Business & Finance | Business & Finance

                                                                                                                                                                                            Job seekers speak out about pulled employment offers

                                                                                                                                                                                            College graduates are speaking out about landing jobs, only to have those offers rescinded. Companies like Meta and Amazon have acknowledged pulling job offe...

                                                                                                                                                                                              Business & Finance | Business & Finance

                                                                                                                                                                                              China's wheat growers face 'disaster' after heavy rain batters crop | Reuters

                                                                                                                                                                                              After two weeks of continuous heavy rains, a farmer surnamed Chen in China's Henan province surveys bent stalks of saturated wheat in sodden fields that will take days to dry out before harvesting can start.

                                                                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                                                                Why Starbucks Operates Like a Bank | WSJ The Economics Of

                                                                                                                                                                                                Starbucks, the $124.4 billion global coffee giant, trails only McDonald’s as the largest restaurant chain by market capitalization. Until a few years ago, th...

                                                                                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                                                                                    Taco Bell wants the right to use the phrase "Taco Tuesday" - CBS News

                                                                                                                                                                                                    Taco John's also owns trademarks on the phrases "Taco Bravo,""Softshell Saturday" and "Nachos Navidad."

                                                                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                                                                      A simple guide to debt ceiling, and what the 14th amendment has to do with it - BBC News

                                                                                                                                                                                                      The US government could start to run out of money within weeks - how did we get to this point?

                                                                                                                                                                                                        Business & Finance | Business & Finance

                                                                                                                                                                                                        Debt limit "X-date" could arrive within weeks, new analysis finds - CBS News

                                                                                                                                                                                                        The U.S. may be unable to pay its bills within weeks if Congress does not raise or suspend the debt ceiling.

                                                                                                                                                                                                          Business & Finance | Business & Finance

                                                                                                                                                                                                          Biden Plan to Penalize Responsible Homebuyers Could Cost You $31,000

                                                                                                                                                                                                          If a young homebuyer invested that Biden monthly mortgage penalty into a retirement account, at 8%, it would grow to $31,000 by retirement.

                                                                                                                                                                                                            Business & Finance | Business & Finance

                                                                                                                                                                                                            34 State Financial Officers Hit Biden Admin Over New Mortgage Policy

                                                                                                                                                                                                            Over two dozen state financial officers speak out against a Biden administration rule relating to mortgages that takes effect Monday.

                                                                                                                                                                                                              Business & Finance | Business & Finance

                                                                                                                                                                                                              4 Out of 5 Americans Say We're In A Recession Or Will Be Within A Year

                                                                                                                                                                                                              The majority of Americans say their personal financial situation is getting worse. | Economy

                                                                                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                                                                                'We turned down a client to uphold gay rights' - BBC News

                                                                                                                                                                                                                The global B Corp business accreditation scheme rewards firms that behave ethically.

                                                                                                                                                                                                                  Business & Finance | Business & Finance

                                                                                                                                                                                                                  21 Attorneys General Say ESG Investing Could Violate Law

                                                                                                                                                                                                                  The AGs say asset managers push Climate Action 100 and the Net Zero Asset Managers Initiative instead of acting in clients' best interests.

                                                                                                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                                                                                                    Silicon Valley Bank shut down by regulators in collapse

                                                                                                                                                                                                                    The feds shut down Silicon Valley Bank on Friday, marking a stunning collapse for the tech lender that has sparked fears of wider contagion in the banking sector.

                                                                                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                                                                                      Why is there a shortage of tomatoes and other fruit and vegetables in the UK? - BBC News

                                                                                                                                                                                                                      Supply issues have led the grocers Tesco, Asda, Aldi and Morrisons to limit sales of fresh produce.

                                                                                                                                                                                                                        Business & Finance | Business & Finance

                                                                                                                                                                                                                        Economist Breaks Down January's 'Hotter Than Expected' Inflation Report

                                                                                                                                                                                                                        E.J. Antoni blames both Republicans and Democrats for "overspending" following the "hotter than expected" January 2023 inflation report.

                                                                                                                                                                                                                          Business & Finance | Business & Finance

                                                                                                                                                                                                                          Disney to slash 7,000 jobs | Fox Business

                                                                                                                                                                                                                          Disney announced Wednesday it will lay off some 7,000 workers as part of a restructuring plan aimed at saving the company billions of dollars, becoming the latest company to cut jobs.

                                                                                                                                                                                                                            Business & Finance | Business & Finance

                                                                                                                                                                                                                            A new twist to Biden's student loan handout plan could cost taxpayers billions | Fox News

                                                                                                                                                                                                                            Biden administration's newly proposed rule on student loans proposes massive changes to the 'income-driven repayment' program.

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                                                                                                                                                                                                                              Over 100 groups back Manchin, GOP plan to block Biden’s ‘woke’ ESG investing rule | Fox News

                                                                                                                                                                                                                              More than 100 conservative groups are urging Congress to roll back Biden's "politically inappropriate" and "financially irresponsible" ESG investment rule.

                                                                                                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                                                                                                All GOP senators, Manchin challenge Biden's ESG climate investment rule 'politicizing' Americans' 401(k)s | Fox News

                                                                                                                                                                                                                                Sen. Joe Manchin joined every GOP senator in introducing legislation that would kill President Biden's ESG rule that would affect the retirement savings of 152 million Americans.

                                                                                                                                                                                                                                  Business & Finance | Business & Finance

                                                                                                                                                                                                                                  GDP report reveals ominous Great Depression warning sign not seen since 1932 | Fox Business

                                                                                                                                                                                                                                  The latest GDP report from the Bureau of Economic Analysis tells us that the U.S. economy is slowing down. While the Biden White House wants to spin the numbers, they are not good.

                                                                                                                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                                                                                                                    California Democrats consider wealth tax — including for people who moved out of state | Fox News

                                                                                                                                                                                                                                    California Democrats introduced legislation that would impose a new tax on wealthy residents — even if they've already moved out of the state.

                                                                                                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                                                                                                      Restaurants weighs options amid lettuce shortage, higher prices

                                                                                                                                                                                                                                      Restaurant-goers hoping to munch on a salad filled with iceberg or romaine lettuce or savor a sandwich topped with them may have to accept a substitut

                                                                                                                                                                                                                                        Business & Finance | Business & Finance

                                                                                                                                                                                                                                        Ohio Mayors Alliance says remote work, tax law, bipartisanship are key issues

                                                                                                                                                                                                                                        Ohio Mayors Alliance says remote work, tax law, bipartisanship are key issues; leaders of 30 largest cities highlight recommendations to lawmakers

                                                                                                                                                                                                                                          Business & Finance | Business & Finance

                                                                                                                                                                                                                                          Annual inflation in Turkey reaches record 25-year high of 85.5% | Euronews

                                                                                                                                                                                                                                          Turkish President Recep Tayyip Erdogan believes that high-interest rates encourage inflation and lead to higher prices.

                                                                                                                                                                                                                                            Business & Finance | Business & Finance

                                                                                                                                                                                                                                            Fed conducts another monstrous rate hike amid growing recession fears | Washington Examiner

                                                                                                                                                                                                                                            The Federal Reserve conducted a massive interest rate hike in its effort to curb inflation, the latest and most dramatic measure of a campaign that has raised the risk of recession.

                                                                                                                                                                                                                                              Business & Finance | Business & Finance

                                                                                                                                                                                                                                              Mortgage rates top 7%, highest since 2002 | Fox Business

                                                                                                                                                                                                                                              The interest rate hikes by the Federal Reserve intended to quell inflation are affecting mortgage rates, causing them to rise and leading to more homebuyers being sidelined.

                                                                                                                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                                                                                                                Butler County Dollar General stores fail price checks

                                                                                                                                                                                                                                                Shoppers at Dollar General stores in Butler County are finding some items are ringing up significantly higher than store shelve tickets so the Butler

                                                                                                                                                                                                                                                  Business & Finance | Business & Finance

                                                                                                                                                                                                                                                  Inflation hike: IRS is raising the 401(k) contribution limit by record amount - NewsBreak

                                                                                                                                                                                                                                                  The IRS on Friday said it is boosting the 2023 contribution limits for 401(k)s by a record $2,000 due to the high pace of inflation, which will allow workers to sock away more money in 2023. Individuals will be able to save up to $22,500 in their 401(k)s

                                                                                                                                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                                                                                                                                    Walmart to remain closed on Thanksgiving, CEO announces

                                                                                                                                                                                                                                                    Walmart will once again be closing its doors for Thanksgiving this year, and CEO John Furner told the TODAY Show that Turkey Day shopping is "a thing of the past."

                                                                                                                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                                                                                                                      Biden's America: 1 in 4 Americans to Skip Thanksgiving to Save Money

                                                                                                                                                                                                                                                      One in five Americans are unsure if they will be able to cover the costs of Thanksgiving, and one in four plan to skip it to save money.

                                                                                                                                                                                                                                                          Business & Finance | Business & Finance

                                                                                                                                                                                                                                                          Amazon Sends Chilly Signs About the Economy - NewsBreak

                                                                                                                                                                                                                                                          Tech giants don't bring good news for investors. While the markets are looking for reassuring news on the health of the economy, Silicon Valley is only delivering very bad news. In recent weeks, red signals have been sent by Alphabet (GOOGL) , Microsoft (

                                                                                                                                                                                                                                                            Business & Finance | Business & Finance

                                                                                                                                                                                                                                                            Judge rejects Justice Dept.'s bid to stop sugar merger

                                                                                                                                                                                                                                                            WASHINGTON (AP) — A federal judge has rejected the Justice Department's bid to block a major U.S. sugar manufacturer from acquiring its rival, clearin

                                                                                                                                                                                                                                                              Business & Finance | Business & Finance

                                                                                                                                                                                                                                                              How a railroad strike could send food prices soaring

                                                                                                                                                                                                                                                              As soon as next week, 115,000 freight rail workers could walk out if they cannot reach a new contract with railroads, potentially shutting down the national rail network that transports 20 percent of all grain shipments. . Local Mississippi Breaking News

                                                                                                                                                                                                                                                                Business & Finance | Business & Finance

                                                                                                                                                                                                                                                                Housing starts plunge 9.6%, raising recession fears | Washington Examiner

                                                                                                                                                                                                                                                                The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.

                                                                                                                                                                                                                                                                    Business & Finance | Business & Finance

                                                                                                                                                                                                                                                                    Redfin: Homebuyers want to leave San Francisco, Los Angeles, New York

                                                                                                                                                                                                                                                                    According to a new report from real estate brokerage firm Redfin, a record number of Americans want to leave their current city and move to a new one.

                                                                                                                                                                                                                                                                      Business & Finance | Business & Finance

                                                                                                                                                                                                                                                                      Copper prices sink, flashing another recession warning | Fox Business

                                                                                                                                                                                                                                                                      Copper prices have declined nearly 30% since the beginning of the year, a troubling sign as the commodity serves as a good barometer of economic health.