News
US Steel sells itself to Japanese steelmaker for $14.1 billion
On Monday, 122-year-old steel company US Steel agreed to sell itself to Japanese steelmaker Nippon Steel for an all-cash $14.8...
Southwest levied $140 million fine for 2022 holiday flight fiasco
On Monday, the U.S. Department of Transportation levied a $140 million fine on airline carrier Southwest Airlines for its major...
Apple to roll back US Apple Watch sales
Technology giant Apple is pulling back sales of specific Apple Watch models in the United States, the company confirmed Monday....
Quaker Oats issues recall for dozens of food products
On Friday, U.S. food manufacturer Quaker Oats issued a recall for more than 40 of its granola and cereal products...
Citigroup to let staff work remotely until new year
U.S. financial services company Citigroup is letting its staffers work remotely until the start of the new year, sources reportedly...
Olive Garden parent company beats Wall Street earning estimates
Multi-brand restaurant operator Darden Restaurants – the parent company of popular chains like Olive Garden, LongHorn Steakhouse and Ruth’s Chris...
Teamsters vote to authorize Anheuser-Busch strike
On Saturday, approximately 5,000 members of the Teamsters labor union employed at U.S. beverage giant Anheuser-Busch’s production facilities voted in...
US mortgage rate sinks below 7%
The U.S. mortgage rate dipped below 7% for the first time since August this week, mortgage giant Freddie Mac revealed...
Robotaxi service Cruise slashes staff by 24%
Cruise, General Motors’ controversial robotaxi subsidiary, is reportedly preparing to cut its workforce by 24%. The layoffs will affect approximately...
American retail sales surge
According to new data from the U.S. Department of Commerce, U.S. retail sales rebounded in November after sales took a...
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