News


Latest News


Zara Facing Backlash for Ad Resembling Gaza Destruction

Zara Facing Backlash for Ad Resembling Gaza Destruction

After some pro-Palestine activists called for a boycott of the fashion company, Zara removed an advertisement campaign on Monday off the first page of its website and app. The campaign featured sculptures shrouded in white and mannequins with missing limbs.

Dec 12, 2023 08:39 AM EST


Fed Leaves Rates Unchanged, Casting Doubt on Speculation of Early Cuts

Fed Leaves Rates Unchanged, Casting Doubt on Speculation of Early Cuts

With inflation approaching the Federal Reserve's 2% objective, officials are addressing - and in some cases, stoking - expectations that they would make a significant policy move and drop interest rates next year, maybe as early as April.

Dec 12, 2023 02:29 AM EST


Government's Onion Price Fix Raises Questions as Consumers Feel the Pinch

Government's Onion Price Fix Raises Questions as Consumers Feel the Pinch

After India extended its export restriction on Friday, onion prices surged beyond Tk 200 per kg in the local market. The commerce ministry is striving to stabilize these prices.

Dec 11, 2023 09:50 AM EST


PGA Tour and Fenway Group Join Forces: More Collaborative Talks on the Horizon

PGA Tour and Fenway Group Join Forces: More Collaborative Talks on the Horizon

In an effort to fulfill a deadline of December 31, the PGA Tour has limited the pool of possible investors to a new group headed by Fenway Sports Group and announced that it will carry on with talks with Saudi Arabia's national wealth fund.

Dec 11, 2023 09:17 AM EST


Macy's Faces Potential Buyout as Investors See Opportunity

Macy's Faces Potential Buyout as Investors See Opportunity

According to a source familiar with the situation on Sunday, an investment consortium led by Brigade Capital and Arkhouse Management has made a $5.8 billion bid to take department store operator Macy's private.

Dec 10, 2023 10:59 PM EST


Amazon Uncovers Massive Fraud Scheme Involving Fake Product Returns

Amazon Uncovers Massive Fraud Scheme Involving Fake Product Returns

Amazon is taking legal action against an alleged international fraud ring accused of pilfering millions through a scheme that facilitated refunds for pricey items without the need to return them.

Dec 09, 2023 07:33 AM EST


How Businesses and Households Can Prepare for a Soft Landing or a Recession

How Businesses and Households Can Prepare for a Soft Landing or a Recession

Together with a plethora of other recent economic statistics, the strong hiring indicated in Friday's employment report for November is raising expectations that the U.S. economy will have a "soft landing" next year as opposed to the much-feared recession.

Dec 10, 2023 04:50 AM EST


Investors Flee US Stocks as Economic Data Hints at a Possible Downturn

Investors Flee US Stocks as Economic Data Hints at a Possible Downturn

In the tumultuous landscape of U.S. financial markets, the seven days leading up to December 6 unfolded as a continuation of withdrawals from U.S. stock funds for a second consecutive week.

Dec 08, 2023 11:10 AM EST


Job Market Sees November Surge, But Underlying Trend Points to a Looming Slump

Job Market Sees November Surge, But Underlying Trend Points to a Looming Slump

November saw a significant pick-up in U.S. job growth as thousands of actors and autoworkers returned to the workforce following strikes; nevertheless, the underlying trend is likely to indicate a cooling labor market.

Dec 08, 2023 07:26 AM EST


Inventory Mystery Deepens: Retail Industry Pulls Back on Organized Crime Blame

Inventory Mystery Deepens: Retail Industry Pulls Back on Organized Crime Blame

The largest retail trade association in the country, the National Retail Federation, has updated a study from April that retracted the assertion that organized retail crime is responsible for over half of the industry's overall shrinkage. The survey evaluates total inventory loss, including theft.

Dec 08, 2023 09:25 AM EST


High-Priced Prescription Drugs Face Patent Revocation Threat from White House

High-Priced Prescription Drugs Face Patent Revocation Threat from White House

The Biden administration is putting pharmaceutical corporations on notice, telling them that if the price of some pharmaceuticals becomes too high, the government may revoke their patent protection, allowing competitors to produce their own copies.

Dec 07, 2023 09:43 PM EST


Biden's $4.8 Billion Student Loan Forgiveness Plan Offers New Beginnings for Thousands

Biden's $4.8 Billion Student Loan Forgiveness Plan Offers New Beginnings for Thousands

On Wednesday, the Biden administration said that it will erase an extra $4.8 billion of 80,300 students' student loan debt.

Dec 07, 2023 08:52 PM EST


Real Time Analytics