News
Bezos Criticizes Biden’s Call for Stations to Lower Gasoline Prices
Amazon founder Jeff Bezos criticized President Joe Biden for calling on companies running gasoline stations to lower their prices. In...
Mark Zuckerberg is ‘Turning up the Heat’ on Meta’s Staff
Facebook-owner Meta is cutting plans to hire engineers by at least 30% as CEO Mark Zuckerberg warned employees to brace...
Kohl’s Ends Sale Talks with Franchise Group
Kohl’s is ending talks to sell its business after the retail industry has significantly deteriorated since the bidding process started....
GM Sales Drop 15% as Unfinished Cars Hit Quarterly Results
General Motors reported a 15% drop in second quarter car sales on Friday and warned investors that supply chain issues...
S&P 500 Heads to Worst First Half in Decades
Stocks fell on Thursday again, as the S&P 500 is nearing its worst first half in more than 50 years....
Supreme Court Limits EPA’s Authority over Power Plants
The U.S. Supreme Court has limited the Environmental Protection Agency’s authority over existing power plants. In a 6-3 ruling on...
OPEC+ Sticks to Planned Oil Production Increase
OPEC+ countries agreed to stick to a planned crude output increase in August. After a virtual meeting on Thursday, the...
The U.S. Economy Shrank 1.6% in the First Quarter
The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the Bureau of...
Crypto Hedge Fund Three Arrows Capital Falls into Liquidation
Cryptocurrency hedge fund Three Arrows Capital (3AC) has fallen into liquidation, making the biggest casualty of the so-called “crypto winter”...
Bed Bath & Beyond Replaces CEO Mark Tritton
Bed Bath & Beyond is replacing Mark Tritton as the company’s CEO, the Union, New Jersey based company said. According...
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